2024/2025
Business Model Innovation in Energy Engineering
Type:
Mago-Lego
Delivered by:
Department of Educational Programmes
When:
4 module
Open to:
students of all HSE University campuses
Language:
English
ECTS credits:
3
Course Syllabus
Abstract
The term "business model" describes how a firm creates value for their customers and how these activities are monetized. Through the emergence of new technologies, established business models become obsolete, which enables the rise of new business models (business model innovation or BMI).
This course teaches how newly emerging technologies are converted into business models and in consequence commercial success. The technological area that builds the foundation of this course is energy engineering. Few topics have become so central to economic success like the different forms of energy production and energy trading.
Next to classical energy carriers or renewable sources of energy, this course also sheds light on different ways of energy distribution, energy retail, energy storage or IT solution around energy consumption. The course builds on the following technologies: Fossil carriers (coal, natural gas, petroleum) Renewables: Water, Wind and Sun, Nuclear technologies, both fission and fusion Hydrogen technologies Carbon credit trading Blockchain and the future of energy trading though micro-grids Battery technologies.
Learning Objectives
- Students will understand the complex role of business model innovation and transformation in the successful commercialization of energy technologies in the strategy setting of various economic actors.
Expected Learning Outcomes
- Students will understand the technical developments in the different technologies, their advantages and disadvantages and prospective future developments in the field and dominant cases of technology comparison. The students will get familiarized with the theoretical aspects and practical implications of business model innovation. This will enable students to evaluate the suitability of business models and to estimate their potential success.
Course Contents
- Business Model Innovation
- Fossil carriers (coal, natural gas)
- Renewables: Water, Wind and Sun
- Nuclear technologies, both fission and fusion
- Hydrogen technologies
- Carbon credit trading
- Blockchain technology for energy
- Battery technologies
Bibliography
Recommended Core Bibliography
- Daniel M. Martinez, Ben W. Ebenhack, & Travis P. Wagner. (2019). Energy Efficiency : Concepts and Calculations. Elsevier Science.
- Tanay Sıdkı Uyar. (2020). Accelerating the Transition to a 100% Renewable Energy Era (Vol. 1st ed. 2020). Springer.
Recommended Additional Bibliography
- Bocken, N. M. P., Short, S. W., Rana, P., & Evans, S. (2014). A literature and practice review to develop sustainable business model archetypes. Journal of Cleaner Production ; Volume 65, Page 42-56 ; ISSN 0959-6526. https://doi.org/10.1016/j.jclepro.2013.11.039