Innovative re-making of markets and business models in a renewable energy system based on wind power (I-REMB)

Abstract:

This project is co-financed by Dansk Standard, the Danish Standardization Organization. This research’s overall goal is to improve existing social scientific understanding of how technical standardization is used in the organization of markets for collective concerns. The focus are current attempts to make electricity markets in Europe environmentally sustainable. The purpose of the I-REMB project is to assess and develop the technological, market and business options that can support the development of energy systems based predominantly on wind power. The project’s aim is to mobilize expertise from renewable energy system engineering, business economics, and economic sociology to generate innovative design solutions to the new technical, regulatory and market contexts of fluctuating energy. For the many actors in the value chain – from generation, distribution to consumption – there are great uncertainties as to how to respond to the unclear commercial opportunities associated with the new wp-­RES. The conditions for facilitating a successful interaction of the technical and commercial steps towards a successful transition require new design solutions for regulations and market and non-market pricing, as well as an approach to involve existing and new actors in the energy system.