Smart Micro Energy Grid - Service, Solutions, and Business Models

Jung, Dongmin; Chang, Young-Eun; Kim, Young-Myuong

doi:10.1109/ictc.2018.8539534

Cited by 2 publications

(1 citation statement)

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“…IoT refers to a communication technology enabling exchange of information between people and things or mutually between things. Similarly to the concept of IoT, the Internet of Energy (IoE) implies the energy internet infrastructure where facilities associated with the production, transaction, and consumption of energy are interconnected and share information among each other to benefit both energy producers and consumers [24]. Tony Seba, an author and futurist of the Energy Revolution 2030, noted that the energy internet, led by the state and public institutions, will completely destroy the existing industry and the energy industry, and that it will become a major source of data, in the form of big data and AI combined with ICT.…”

Section: Concepts Of Internet Of Energy (Ioe) and Management Of Enegymentioning

confidence: 99%

Intelligent Micro Energy Grid in 5G Era: Platforms, Business Cases, Testbeds, and Next Generation Applications

et al. 2019

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As fifth-generation mobile communication systems give rise to new smart grid technologies, such as distributed energy resources, advanced communication systems, the Internet of Things, and big data analytics, the development of novel platforms and business models that ensure reliability and profitability of microgrid operations become increasingly important. In this study, we introduce an open micro energy grid platform to operate the widely distributed microgrids in Korea. Subsequently, we present commercial microgrid business models supported by the open micro energy grid platform equipped with an artificial intelligence engine and provide test results from testbeds connected to the platform. In contrast to the existing microgrid business models in the market, we propose a universal architecture and business model of the future microgrid, comprising (i) an energy robot-management operation business model, (ii) electric vehicle-based demand response, (iii) blockchain technology for energy trading, and (iv) a service-oriented business model. Finally, we propose a new business model for an intelligent virtual power plant (VPP) operator along with the architecture of the VPP and its proof of concept (PoC). We expect the proposed business model to provide energy solution providers with guidelines to develop various VPP services.

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Section: Concepts Of Internet Of Energy (Ioe) and Management Of Enegymentioning

confidence: 99%

Intelligent Micro Energy Grid in 5G Era: Platforms, Business Cases, Testbeds, and Next Generation Applications

et al. 2019

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A Business Model Taxonomy for Start-Ups in the Electric Power Industry — The Electrifying Effect of Artificial Intelligence on Business Model Innovation

Anton

Oesterreich

Schuir

et al. 2021

Int. J. Innovation Technol. Management

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Artificial intelligence (AI) serves as a technological driver for business model innovation by guiding decisions and automating services, thereby leveraging efficiency-enhancing and profitable business practices. Especially in the electric power industry, a multitude of start-ups have entered the market offering disruptive AI-based services. However, there has been little research to date on what concrete business models result from the diffusion of AI and how these might be classified. In view of this research gap, this paper contributes to a better understanding of start-ups in the electric power industry that use AI technologies by systematically developing a business model taxonomy. In addition, we conducted 12 semi-structured interviews with domain experts for the evaluation step and validated the robustness of the taxonomy based on cluster analysis to identify common business model archetypes. Finally, we derived and discussed the academic and practical implications of our research and highlighted future research avenues.

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Smart Micro Energy Grid - Service, Solutions, and Business Models

Cited by 2 publications

References 1 publication

Intelligent Micro Energy Grid in 5G Era: Platforms, Business Cases, Testbeds, and Next Generation Applications

Intelligent Micro Energy Grid in 5G Era: Platforms, Business Cases, Testbeds, and Next Generation Applications

A Business Model Taxonomy for Start-Ups in the Electric Power Industry — The Electrifying Effect of Artificial Intelligence on Business Model Innovation

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