Course description

Energy in Green Transition: Markets, Policies and Business Innovation

Introduction

Following two decades of deregulation and a strong policy for de-carbonization, energy is undergoing rapid change. The energy landscape has shifted. Changing customer behavior, new technology, and increasingly global markets are creating two distinct energy worlds. The classic energy world has the indispensable task of ensuring supply security. Alongside it is emerging the new world of distributed energy solutions.

The course highlights the sources of these changes, and what they mean for energy policy, markets and innovative business reconfiguration.

This course and GRA 6837 CSR, Innovation and Strategy for Sustainable Business can be taken individually or be combined.

Course content

  1. Energy and the Climate Challenge – Policy Challenges and the Need for Integrated Solutions
  2. Energy from De-regulation Towards Green Transition, Perspectives and Tools
  3. Innovation and Industrial Transformation: The incorporation of distributed energy solutions alongside the central systems.
  4. Business Models for the 21st century: Facing the Green and Digital Challenges
  5. Green energy transition: Industrial cases
  6. Green and distributed energy transition: Oslo’s Green City Initiatives

Learning outcome knowledge

The course presents the students with analytical tools and perspectives that can help understand and orchestrate technology development, market design and innovative business models towards affordable, low carbon, and sustainable energy systems. While addressing current energy challenges, the course introduces the students to a broad set of perspectives and analytical tools, including:

  • Principles of deregulation and market design for energy industries;
  • Principles of environmental policy and environmental economics;
  • Innovation theory applied to green and de-central energy-transformation;
  • Technological perspectives on the interplay between IT, flexible demand, distributed generation, energy storage and advanced power electronics
  • The business model perspective and its use to clarify the options and challenges for green transition at the firm level.

Through invited industrial contributors, the course will supplement the theoretical perspectives with 'hands on' experience from practical cases

Exam organisation

  • Class participation: 30%
  • Written assignment: 70%