Transformative multivalue business models: A bottom‐up perspective on the hydrogen‐based green transition for modern wind power cooperatives

Abstract

Summary Directly interrelated with both global and national ambitions of ramping up variable renewable energy (VRE), this work progressively touches upon a set of identified emerging challenges to a continued green transition as well as the applied bottom‐up perspective involving the VRE investment ecosystem. As this study is focused towards potential enhancements of VRE investors' business cases via the more radical energy‐transforming and energy‐integrating technical innovations, main technological emphasis is placed on the various emerging and fast‐developing power‐to‐gas technologies, such as hydrogen distribution, potentially catalysed via new sociotechnically enabled multivalue stream business model concepts. In the latter part of the work, these multifaceted alternative paths to increasing the value of VRE investors' currently challenged business case are thoroughly evaluated as well as successively assessed in the perspective of future technological breakthroughs and societal adjustments. It was found that several potential value streams scenarios, scenario 1 (industrial H2), scenario 2 (fuel cell electric vehicle [FCEV] car boom), and scenario 3 (biogas ramp‐up), presented profit increase with return on investment (ROI) of 26.9%, 18%, and 9.6%, respectively. Such an approach shall create alternative revenue streams for VRE companies and relevant organizations that could lead to sustainable energy businesses.

Paving the way for a green transition through mitigation of green manufacturing challenges: A systematic literature review

“…Zhai et al (2022) proposed a measurement framework for green transition and further studied the driving factors involved in green transition with the assistance of the spatial Durbin model. Rasmussen et al (2020) studied the global green transition with the concern of understanding the existing potential bottlenecks for implementation. Few studies (Marsiglio and Privileggi, 2021;Topi et al, 2016) started to explore the financial perspectives of green transition; for instance, Wang et al (2021) studied the relationship between the carbon taxes and green transition.…”

The Business Model of an Emerging Hydrogen Market in the Swedish Transportation Sector – outlook towards 2050

“…The research on the economic dimensions of business models along the value chain for using hydrogen in transport is growing. Earlier studies have focused on techno-economic factors and how to achieve a profitable renewable hydrogen investment business case [2][3][4][5][6][7][8][9][10][11][12][13][14]. There are case studies using European settings, e.g., [3,8,10,14] set on German market conditions, [4,12] in an Austrian context, [7] in Ireland, [9] in France and [2] in a Danish setting.…”

“…Earlier studies have focused on techno-economic factors and how to achieve a profitable renewable hydrogen investment business case [2][3][4][5][6][7][8][9][10][11][12][13][14]. There are case studies using European settings, e.g., [3,8,10,14] set on German market conditions, [4,12] in an Austrian context, [7] in Ireland, [9] in France and [2] in a Danish setting. Other studies have a geographical scope outside of the EU e.g., [5] in Canada and [11] in China.…”

“…This is due to the higher acceptance of the cost of hydrogen compared to fossil fuels used in transport today (diesel and gasoline). The importance of diversified income streams to improve the profitability of the business case, for example by producing hydrogen in a flexible manner to participate on ancillary electricity markets or selling the hydrogen to different end-users, is also highlighted [2,4,7,14].…”