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Business Models on the Energy Market in the Era of a Low-Emission Economy

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  • Arkadiusz Sułek

    (Prozap Sp. z o.o., al. Tysiąclecia Państwa Polskiego 13, 24-110 Puławy, Poland)

  • Piotr F. Borowski

    (Faculty of Business and International Relations, Vistula University, 3 Stokłosy Str., 02-787 Warsaw, Poland)

Abstract

In the energy market, we observe a dynamic development of innovative business models that take into account various aspects related to the direction of zero-emission economic growth. Companies are intensifying their efforts in utilizing renewable energy sources, implementing significant photovoltaic projects, and advancing technologies related to wind and hydrodynamic energy. Within this trend, microgrids become a crucial element, enabling efficient management of local energy sources. Contemporary energy companies also focus on innovative digital technologies, harnessing the potential of the Internet of Things (IoT) and artificial intelligence (AI). These tools allow for precise monitoring and optimization of energy consumption, resulting in increased operational efficiency. The expansion of subscription-based energy services encompasses not only traditional energy deliveries but also new aspects, such as intelligent management of home energy installations or the provision of advisory services on energy conservation. This approach emphasizes the customer as a partner in sustainable energy usage. Hybrid energy models, integrating diverse energy sources, constitute a key element in the transformation of the sector. The combination of photovoltaic, wind, and traditional power plants allows for flexible adaptation to changing conditions and maintains stability in the energy supply. In the face of a changing energy landscape, companies consistently strive for sustainable practices, implementing strategies that not only reduce their carbon footprint but also contribute to improving efficiency, ecology, and the decentralization of the energy system. Adapting to these dynamic changes becomes not only a challenge but also an opportunity to create a more sustainable energy future. The objective of this research is to analyze key business models in the energy market and identify their impact on operational efficiency and market competitiveness. The main results indicate significant improvements in energy management and sustainability through the adoption of these models.

Suggested Citation

  • Arkadiusz Sułek & Piotr F. Borowski, 2024. "Business Models on the Energy Market in the Era of a Low-Emission Economy," Energies, MDPI, vol. 17(13), pages 1-17, July.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:13:p:3235-:d:1426944
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    References listed on IDEAS

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    1. Khan, Agha Salman M. & Verzijlbergh, Remco A. & Sakinci, Ozgur Can & De Vries, Laurens J., 2018. "How do demand response and electrical energy storage affect (the need for) a capacity market?," Applied Energy, Elsevier, vol. 214(C), pages 39-62.
    2. Paiola, Marco & Schiavone, Francesco & Grandinetti, Roberto & Chen, Junsong, 2021. "Digital servitization and sustainability through networking: Some evidences from IoT-based business models," Journal of Business Research, Elsevier, vol. 132(C), pages 507-516.
    3. Richter, Mario, 2013. "Business model innovation for sustainable energy: German utilities and renewable energy," Energy Policy, Elsevier, vol. 62(C), pages 1226-1237.
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    Cited by:

    1. Hongsi Zhang & Haixia Huang, 2024. "Low-Carbon Transformational Leadership: Conceptualization, Measurement, and Its Impact on Innovation Outcomes," Sustainability, MDPI, vol. 16(24), pages 1-34, December.

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