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

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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.

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Notes

  1. https://www.powerpeers.nl/

  2. https://www.energate-messenger.de/news/188098/fresh-energy-startet-mehrwertdienst

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Acknowledgements

This paper has been written in context of the research project “VISE: Virtuelles Institut Smart Energy”(https://www.smart-energy.nrw/). The project is funded by the “European Regional Development Fund (ERDF) 2014-2020”. We would like to thank the editor and anonymous reviewers for their insightful comments that helped to advance this paper throughout the review process.

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  1. European Research Center for Information Systems (ERCIS), University of Münster, Leonardo Campus 3, 48149, Münster, Germany

    Ute Paukstadt & Jörg Becker

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  1. Ute Paukstadt
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  2. Jörg Becker
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Correspondence to Ute Paukstadt.

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This article is part of the Topical Collection on Internet of Things for Electronic Markets

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Paukstadt, U., Becker, J. Uncovering the business value of the internet of things in the energy domain – a review of smart energy business models. Electron Markets 31, 51–66 (2021). https://doi.org/10.1007/s12525-019-00381-8

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