Energy Internet: The business perspective

Research output: Contribution to journalReview articlepeer-review

340 Scopus citations

Abstract

Energy Internet is a new development form of energy system. It realizes the integration of energy flow, information flow and business flow. More and more business model and service model innovations are stimulated in Energy Internet. In this paper, we present a systemic study of Energy Internet from the business perspective. We first propose the evolution stages of energy systems. Since they were invented in the second industrial revolution period, energy systems have mainly experienced four stages, i.e., decentralized energy system, centralized energy system, distributed energy system and smart & connected energy system. Energy Internet is the innovative representation of energy systems in the fourth development stage. We also introduce some key concepts in Energy Internet, including prosumer, microgrid, Virtual Power Plant (VPP), smart grid and smart energy. Then the business values of Energy Internet are discussed from the energy big data analytics perspective. Finally, the business research agendas of Energy Internet are pointed out from five aspects, i.e., strategic issues, data issues, behavioral issues, security issues and regulatory issues.

Original languageEnglish
Pages (from-to)212-222
Number of pages11
JournalApplied Energy
Volume178
DOIs
StatePublished - 15 Sep 2016
Externally publishedYes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy

Keywords

  • Business perspective
  • Business values
  • Energy Internet
  • Research agendas
  • Service models

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