Facebook LinkedIn Instagram Twitter
Shop

This is an Open Access article. You will receive access to the full text.

Storage Business Models: Lessons for Electricity from Cloud Data, Frozen Food and Natural Gas

Abstract:
The aim of this paper is to evaluate different well-established non-electric storage markets (cloud data, frozen food and natural gas) in order to identify relevant lessons for electrical energy storage (EES) connected to electricity distribution networks. The case studies that have been evaluated are Google Drive (cloud storage), Oakland International (frozen food storage) and Centrica Storage (gas storage). A specific business model methodology has been selected for comparing the different business model components across these sectors. The methodology (following Johnson et al., 2008) refers to key interconnected components: customer value proposition, the revenue formula, key resources and key processes. The evaluation of the three case studies suggests that well-developed business models already exist in growing and mature storage markets. Regulation plays also an important role across the different storage markets and business model components, however its importance varies depending on the type of market. Innovation in storage business models is also observed (technological and contractual) which should also be facilitated in EES. Innovation helps move storage markets towards more sustainable business models.

Download Executive Summary Download PDF

Keywords: Electrical energy storage, Gas storage, Frozen food storage, Cloud storage

DOI: 10.5547/01956574.40.SI1.kana

References: Reference information is available for this article. Join IAEE, log in, or purchase the article to view reference data.


Published in Volume 40, The New Era of Energy Transition of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.