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Uncovering the business value of the internet of things in the energy domain – a review of smart energy business models

Ute Paukstadt () and Jörg Becker ()
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Ute Paukstadt: University of Münster
Jörg Becker: University of Münster

Electronic Markets, 2021, vol. 31, issue 1, No 6, 66 pages

Abstract: Abstract In the energy industry, Internet of Things technologies emerge in the form of smart energy products, like smart meters, which are expected to reveal new business potentials and offer value for customers. Through attractive business models, such technologies can generate economic value. However, until now, the existing research has not comprehensively identified, analyzed, and grouped together smart energy business models. Moreover, the literature has not placed smart energy business models under the concept of smart products and services. To address this gap, we review the literature through an information systems lens and assess the status quo of research on smart energy business models, identify relevant business model types, and propose a research agenda for future research on Internet of Things-based business models in the energy sector.

Keywords: Smart energy; Smart grid; Smart energy business models; Smart grid business models; Internet of things business models (search for similar items in EconPapers)
JEL-codes: L86 L94 M10 O32 Q40 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s12525-019-00381-8

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