Article (Scientific journals)
Business Models and Profitability of Energy Storage
Baumgarte, Felix; Glenk, Gunther; Rieger, Alexander
2020In iScience, 23 (10)
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Keywords :
Energy Management; Energy Storage; Energy Systems
Abstract :
[en] Rapid growth of intermittent renewable power generation makes the identification of investment opportunities in energy storage and the establishment of their profitability indispensable. Here we first present a conceptual framework to characterize business models of energy storage and systematically differentiate investment opportunities. We then use the framework to examine which storage technologies can perform the identified business models and review the recent literature regarding the profitability of individual combinations of business models and technologies. Our analysis shows that a set of commercially available technologies can serve all identified business models. We also find that certain combinations appear to have approached a tipping point toward profitability. Yet, this conclusion only holds for combinations examined most recently or stacking several business models. Many technologically feasible combinations have been neglected, indicating a need for further research to provide a detailed and conclusive understanding about the profitability of energy storage.
Research center :
- Interdisciplinary Centre for Security, Reliability and Trust (SnT) > Other
Disciplines :
Strategy & innovation
Author, co-author :
Baumgarte, Felix;  University of Bayreuth > FIM Research Center ; Fraunhofer FIT > Project Group Business & Information Systems Engineering
Glenk, Gunther;  University of Mannheim > Business School ; Massachusetts Institute of Technology - MIT > MIT CEEPR
Rieger, Alexander  ;  University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
External co-authors :
yes
Language :
English
Title :
Business Models and Profitability of Energy Storage
Publication date :
11 September 2020
Journal title :
iScience
ISSN :
2589-0042
Publisher :
Elsevier, Cambridge, United States - Massachusetts
Volume :
23
Issue :
10
Peer reviewed :
Peer Reviewed verified by ORBi
Focus Area :
Sustainable Development
Available on ORBilu :
since 14 December 2020

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