How business model innovation affects firm performance in the energy storage market

Martijn Hamelink and Raymond Opdenakker

Renewable Energy, 2019, vol. 131, issue C, 120-127

Abstract: There is a global goal to reduce carbon emissions and create a more sustainable world. Over the past decades, a growing share of renewable energy resources have been developed to reach this goal. Due to their intermittent nature, these resources make it more difficult for an electrical grid to remain stable as it is designed for slow-reacting, constant, and predictable power plants. This issue can be solved through energy storage for load balancing without using power plants for this operation, and with a reaction time that is much faster than conventional power plants.

Keywords: Energy storage; Business model innovation (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:131:y:2019:i:c:p:120-127

DOI: 10.1016/j.renene.2018.07.051

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