Platform based business models in the future energy market

Abstract

Global markets are experiencing a paradigm-shift due to the introduction of new business models. In addition to this, the shift towards prosumers, customer friendly regulation and services and decentralized energy markets are now making their way into the energy markets. To address these challenges the Horizon 2020 project named INVADE is developing technology platforms and platform based business models in parallel to address these challenges. Our approach has been to study the effects of platform based business models in other industries, what platform based business models look like, how they work, and how they are currently developed in energy markets. The next step has been to confront the technical work packages and the pilot owners in the project to align theory with practice. This has produced tangible outcomes.