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Business Models and Profitability of Energy Storage

Title data

Baumgarte, Felix ; Glenk, Gunther ; Rieger, Alexander:
Business Models and Profitability of Energy Storage.
In: iScience. Vol. 23 (October 2020) Issue 10 . - No. 101554.
ISSN 2589-0042
DOI: https://doi.org/10.1016/j.isci.2020.101554

Official URL: Volltext

Project information

Project title:
Project's official titleProject's id
Projektgruppe WI Energie und kritische InfrastrukturenNo information

Abstract in another language

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.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Energy storage; Renewable energy; Business models; Profitability
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professor Information Systems and Sustainable IT Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professor Information Systems Management and Strategic IT Management > Professor Information Systems Management and Strategic IT Management - Univ.-Prof. Dr. Nils Urbach
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 25 Nov 2020 06:52
Last Modified: 25 Nov 2020 06:52
URI: https://eref.uni-bayreuth.de/id/eprint/60340