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Yashar Ghiassi,
Ayman Abdelwahed,
Mohammad Ansarin,
and
Milos Cvetkovic
This course focuses on the emerging digitalization-based business models in the energy systems field. You will study how digital technologies can aid practitioners and business leaders to reach more sustainable systems and operations and create modern and more sustainable business frameworks. First, you will investigate the energy supply side, namely, the providers of electricity and their markets. You will learn about the different markets and new approaches in energy trading.
Read more
This course focuses on the emerging digitalization-based business models in the energy systems field. You will study how digital technologies can aid practitioners and business leaders to reach more sustainable systems and operations and create modern and more sustainable business frameworks. First, you will investigate the energy supply side, namely, the providers of electricity and their markets. You will learn about the different markets and new approaches in energy trading.
Read more
This course focuses on the emerging digitalization-based business models in the energy systems field. You will study how digital technologies can aid practitioners and business leaders to reach more sustainable systems and operations and create modern and more sustainable business frameworks. First, you will investigate the energy supply side, namely, the providers of electricity and their markets. You will learn about the different markets and new approaches in energy trading.
You will focus on coupling within energy sectors, specifically electricity, heat, and gas. Second, you will investigate the demand side and the perspective of the sectors whose operations rely mainly on energy (including the electric mobility sector and the challenges it faces). You will conclude the course by discussing the wider framework in which these sectors work and interact together, which is represented in the paradigm of smart cities.
Register for this course and see more details by visiting:
OpenCourser.com/course/93og8d/business
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What's inside
Learning objectives
- Interpret the reasons behind the evolution of new business models in the energy landscape as well as smart cities.
- Develop an understanding of the promising technologies and trends in the energy sector.
- Understand recent innovations in energy trading, such as tokenization, peer-to-peer markets and renewables hedging.
- Identify the most effective policies to move towards a competitive, sustainable, efficient and competitive deregulated market.
- Evaluate the impact of different investment and operational scenarios and choose the best option for your organization.
- Identify promising trends and investments in energy landscapes and smart cities to develop suitable business strategies.
- Interpret the reasons behind the evolution of new business models in the energy landscape as well as smart cities.
- Develop an understanding of the promising technologies and trends in the energy sector.
- Understand recent innovations in energy trading, such as tokenization, peer-to-peer markets and renewables hedging.
- Identify the most effective policies to move towards a competitive, sustainable, efficient and competitive deregulated market.
- Evaluate the impact of different investment and operational scenarios and choose the best option for your organization.
- Identify promising trends and investments in energy landscapes and smart cities to develop suitable business strategies.
Syllabus
Module 1:
We review the evolution of electricity trading; past, present, future. We talk about the reasons behind market deregulation both at the wholesale and retail levels. We compare different markets and explain the choice of each market structure. We also look at some new approaches in energy trading. Finally, we bring some insights on how markets will continue to evolve in future.
Read more
Syllabus
Module 1:
We review the evolution of electricity trading; past, present, future. We talk about the reasons behind market deregulation both at the wholesale and retail levels. We compare different markets and explain the choice of each market structure. We also look at some new approaches in energy trading. Finally, we bring some insights on how markets will continue to evolve in future.
Read more
• Introduction
• Energy market deregulation
• Retail energy market deregulation: tariff design and integrating renewables
• Future of electricity markets
Module 2:
We discuss the newest innovations in energy trading. We take a look at renewable energy trading and discuss risk management in this context. We discover the exciting use of tokenization to facilitate energy trading. We present the intricacies of peer-to-peer trading, a new eBay-like means of trading energy. We also review other innovations, such as flexibility trading and energy communities.
• Renewable energy trading and risk management
• Energy tokenization
• Peer-to-peer electricity trading
• Other innovations
Module 3:
We introduce the concept of sector coupling specifically in the electricity, heat and gas sectors. We discuss the reasons behind such developments and how energy transition can benefit. We focus on some of the most important and promising ideas and implementations across these sectors. Finally, we bring some insights on how sector coupling might evolve in future.
• Energy system integration
• Design of intelligent buildings
• Introduction to thermal comfort
• Smart HVAC
• Heat market design
Module 4:
We focus on the electric mobility sector, which is one of the most energy-dependent sectors. We study how to facilitate and successfully make sustainable systems for the transition from conventional fossil fuel to electric vehicles. We investigate the problem from the passengers’, manufacturers’ and electricity grid perspectives. Additionally, we present the problem in the public transport context and examine how operators can electrify their transit bus networks.
• Factors and policies affecting adoption of electric vehicles
• Business models for electric vehicles charging
• Solar electric vehicles
• Electric transit bus networks
Module 5:
We focus on more energy dependent sectors and their linkage to urban data platforms in the context of smart cities and digitalization. We first provide an overview of smart cities and the various domains within them. Afterwards, we elaborate on urban data platforms and how they can be used to innovate new business models given some examples such as digital twinning. Finally, we provide a case study from seaport operations showing how digital technologies and automation can help in realizing more sustainable operations.
• Smart cities and digitalization
• Digital twinning
• Energy management in data centers
• Smart port operations
Final Assignment:
Business model canvas.
“ Innovations for a Sustainable Business Model Canvas ”
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Relevant for professionals in the energy sector seeking to understand emerging digital business models
Instructive for business leaders and practitioners seeking sustainable energy systems
Beneficial for decision-makers in the energy industry considering new policies and investments
Provides insights into the interplay of energy sectors, including coupling within energy sectors, and perspectives from energy-dependent sectors
Course instructors are recognized experts in digitalization and energy systems
Exploration of promising technologies and trends in the energy sector
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Activities
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in Business Implications of Intelligent and Integrated Energy Systems with these
activities:
Seek Mentorship from a Microeconomics Expert
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Set up regular meetings to discuss your progress, ask questions, and receive feedback.
Volunteer at a Non-Profit Organization
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Research non-profit organizations in your area that focus on issues related to microeconomics.
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Contact the organizations to inquire about volunteer opportunities.
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Choose an organization that aligns with your interests and skills.
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Attend training sessions provided by the organization.
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Engage in activities such as data collection, analysis, or policy development.
Read Advanced Microeconomic Theory
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This advanced book provides a rigorous grounding in microeconomics and significantly deepen your understanding of fundamental concepts covered in this course.
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Start by reading the introduction and the first chapter to get an overview of the book's structure and main arguments.
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Focus on understanding the mathematical models and proofs presented in each chapter.
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Complete the end-of-chapter exercises to test your comprehension and solidify your knowledge.
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Consider forming a study group with classmates to discuss the material and work through problems together.
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Consider connecting with a tutor or professor during office hours to clarify any concepts you find challenging.
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Solve Practice Problems on Coursera
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These interactive tutorials provide a structured environment to practice solving microeconomic problems and reinforce your understanding of key concepts.
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Register for the Coursera course on microeconomics.
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Complete the practice problems and quizzes in each module.
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Review the video lectures and readings to reinforce your understanding.
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Participate in the discussion forums to ask questions and engage with other learners.
Complete Problem Sets
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Regularly working through problem sets will strengthen your problem-solving skills and improve your ability to apply microeconomic concepts to real-world scenarios.
Browse courses on
Microeconomics
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Download the problem sets from the course website.
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Set aside dedicated time each week to work on the problems.
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Start by attempting to solve the problems on your own.
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Check your solutions against the answer key provided by the instructor.
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Review your mistakes and identify areas where you need to improve your understanding.
Host a Study Session
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Leading a study session for your peers will reinforce your understanding of the material and allow you to clarify concepts for others.
Browse courses on
Microeconomics
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Choose a specific topic or set of problems to focus on.
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Prepare materials such as notes, practice problems, or a presentation.
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Invite a group of classmates to join the study session.
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Facilitate the discussion, guiding your peers through the material and answering their questions.
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Summarize the key points and takeaways at the end of the session.
Develop a Microeconomic Model
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Building a microeconomic model from scratch will provide you with a deep understanding of the underlying principles and allow you to apply your knowledge to real-world problems.
Browse courses on
Microeconomics
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Identify a specific economic phenomenon or issue that you want to model.
-
Research the relevant economic theory and empirical evidence.
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Develop a mathematical model that captures the key relationships and dynamics of the phenomenon.
-
Calibrate the model using real-world data.
-
Use the model to conduct simulations and make predictions.
-
Write a report summarizing your findings and discussing the implications of your model.
Seek Mentorship from a Microeconomics Expert
Show steps
Connecting with a mentor who has expertise in microeconomics can provide you with valuable guidance and support throughout your learning journey.
Browse courses on
Microeconomics
Show steps
Show steps
Show steps
- Identify potential mentors through professional organizations, conferences, or your university network.
- Reach out to potential mentors via email or LinkedIn to express your interest and inquire about their availability.
- Set up regular meetings to discuss your progress, ask questions, and receive feedback.
Volunteer at a Non-Profit Organization
Show steps
Volunteering at a non-profit organization can provide you with practical experience in applying microeconomic principles to real-world issues.
Show steps
Show steps
Show steps
- Research non-profit organizations in your area that focus on issues related to microeconomics.
- Contact the organizations to inquire about volunteer opportunities.
- Choose an organization that aligns with your interests and skills.
- Attend training sessions provided by the organization.
- Engage in activities such as data collection, analysis, or policy development.
Read Advanced Microeconomic Theory
Show steps
This advanced book provides a rigorous grounding in microeconomics and significantly deepen your understanding of fundamental concepts covered in this course.
Show steps
Show steps
Show steps
- Start by reading the introduction and the first chapter to get an overview of the book's structure and main arguments.
- Focus on understanding the mathematical models and proofs presented in each chapter.
- Complete the end-of-chapter exercises to test your comprehension and solidify your knowledge.
- Consider forming a study group with classmates to discuss the material and work through problems together.
- Consider connecting with a tutor or professor during office hours to clarify any concepts you find challenging.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Solve Practice Problems on Coursera
Show steps
These interactive tutorials provide a structured environment to practice solving microeconomic problems and reinforce your understanding of key concepts.
Browse courses on
Microeconomics
Show steps
Show steps
Show steps
- Register for the Coursera course on microeconomics.
- Complete the practice problems and quizzes in each module.
- Review the video lectures and readings to reinforce your understanding.
- Participate in the discussion forums to ask questions and engage with other learners.
Complete Problem Sets
Show steps
Regularly working through problem sets will strengthen your problem-solving skills and improve your ability to apply microeconomic concepts to real-world scenarios.
Browse courses on
Microeconomics
Show steps
Show steps
Show steps
- Download the problem sets from the course website.
- Set aside dedicated time each week to work on the problems.
- Start by attempting to solve the problems on your own.
- Check your solutions against the answer key provided by the instructor.
- Review your mistakes and identify areas where you need to improve your understanding.
Host a Study Session
Show steps
Leading a study session for your peers will reinforce your understanding of the material and allow you to clarify concepts for others.
Browse courses on
Microeconomics
Show steps
Show steps
Show steps
- Choose a specific topic or set of problems to focus on.
- Prepare materials such as notes, practice problems, or a presentation.
- Invite a group of classmates to join the study session.
- Facilitate the discussion, guiding your peers through the material and answering their questions.
- Summarize the key points and takeaways at the end of the session.
Develop a Microeconomic Model
Show steps
Building a microeconomic model from scratch will provide you with a deep understanding of the underlying principles and allow you to apply your knowledge to real-world problems.
Browse courses on
Microeconomics
Show steps
Show steps
Show steps
- Identify a specific economic phenomenon or issue that you want to model.
- Research the relevant economic theory and empirical evidence.
- Develop a mathematical model that captures the key relationships and dynamics of the phenomenon.
- Calibrate the model using real-world data.
- Use the model to conduct simulations and make predictions.
- Write a report summarizing your findings and discussing the implications of your model.
Career center
Learners who complete Business Implications of Intelligent and Integrated Energy Systems will develop knowledge and skills
that may be useful to these careers:
Data Scientist
Data Scientist
A Data Scientist is responsible for collecting, analyzing, and interpreting data to solve business problems. This course may be useful in this role, as it provides an understanding of the use of urban data platforms in the context of smart cities and digitalization. This knowledge can help Data Scientists to develop more innovative and effective solutions for smart cities.
Business Development Manager
Business Development Manager
A Business Development Manager is responsible for developing and implementing business strategies. This course may be useful in this role, as it provides an understanding of the evolution of new business models in the energy landscape as well as smart cities. This knowledge can help Business Development Managers to identify and develop more sustainable and profitable business strategies.
Sustainability Manager
Sustainability Manager
A Sustainability Manager is responsible for developing and implementing sustainability strategies for organizations. This course may be useful in this role, as it provides an understanding of the evolution of new business models in the energy landscape as well as smart cities. This knowledge can help Sustainability Managers to identify and implement more sustainable solutions for their organizations.
Energy Policy Analyst
Energy Policy Analyst
An Energy Policy Analyst is responsible for developing and analyzing energy policies. This course may be useful in this role, as it provides an understanding of the most effective policies to move towards a competitive, sustainable, efficient, and competitive deregulated market. This knowledge can help Energy Policy Analysts to develop more effective energy policies.
Electric Vehicle Engineer
Electric Vehicle Engineer
An Electric Vehicle Engineer is responsible for designing and developing electric vehicles. This course may be useful in this role, as it provides an understanding of the electric mobility sector and the challenges it faces. This knowledge can help Electric Vehicle Engineers to design and develop more efficient and sustainable electric vehicles.
Energy Entrepreneur
Energy Entrepreneur
An Energy Entrepreneur is responsible for starting and running their own energy-related business. This course may be useful in this role, as it provides an understanding of the promising trends and investments in energy landscapes and smart cities. This knowledge can help Energy Entrepreneurs to identify and develop more innovative and successful energy businesses.
Energy Project Manager
Energy Project Manager
An Energy Project Manager is responsible for planning, executing, and managing energy projects. This course may be useful in this role, as it provides an understanding of the impact of different investment and operational scenarios. This knowledge can help Energy Project Managers to make more informed decisions about energy projects.
Smart Grid Engineer
Smart Grid Engineer
A Smart Grid Engineer is responsible for designing and implementing smart grids. This course may be useful in this role, as it provides an understanding of the integration of energy sectors, specifically electricity, heat, and gas. This knowledge can help Smart Grid Engineers to design and implement more efficient and sustainable smart grids.
Energy Economist
Energy Economist
An Energy Economist is responsible for researching and analyzing energy markets and policies. This course may be useful in this role, as it provides an understanding of the different markets and new approaches in energy trading. This knowledge can help Energy Economists to develop more accurate and insightful analyses of energy markets and policies.
Energy Trader
Energy Trader
An Energy Trader is responsible for buying and selling energy commodities, such as electricity, natural gas, and oil. This course may be useful in this role, as it provides an understanding of the different markets and new approaches in energy trading. This knowledge can help Energy Traders to make more informed trading decisions.
Smart City Planner
Smart City Planner
A Smart City Planner is responsible for planning and developing smart cities. This course may be useful in this role, as it provides an understanding of the wider framework in which energy sectors work and interact together. This knowledge can help Smart City Planners to develop more sustainable and efficient smart cities.
Energy Lawyer
Energy Lawyer
An Energy Lawyer is responsible for advising clients on energy-related legal issues. This course may be useful in this role, as it provides an understanding of the most effective policies to move towards a competitive, sustainable, efficient, and competitive deregulated market. This knowledge can help Energy Lawyers to provide more effective legal advice to their clients.
Energy Investor
Energy Investor
An Energy Investor is responsible for investing in energy companies and projects. This course may be useful in this role, as it provides an understanding of the promising trends and investments in energy landscapes and smart cities. This knowledge can help Energy Investors to make more informed investment decisions.
Energy Consultant
Energy Consultant
An Energy Consultant provides advice to businesses and organizations on how to improve their energy efficiency and reduce their carbon footprint. This course may be useful in this role, as it provides an understanding of the promising technologies and trends in the energy sector. This knowledge can help Energy Consultants to identify and recommend more effective energy solutions.
Sustainability Analyst
Sustainability Analyst
A Sustainability Analyst is responsible for developing and implementing strategies to reduce the environmental impact of an organization. This course may be useful in this role, as it provides an understanding of the emerging digitalization-based business models in the energy systems field. This knowledge can help Sustainability Analysts to identify and implement more sustainable solutions.
For more career information including salaries, visit:
OpenCourser.com/course/93og8d/business
Reading list
We've selected six books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Business Implications of Intelligent and Integrated Energy Systems.
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This standard text in energy economics will be a useful additional reference for learners who wish to explore this sector at the graduate level.
In future energy systems, thermal energy storage will become increasingly important. This textbook discusses the fundamentals and applications of thermal energy storage technologies.
Provides a comprehensive overview of power system analysis and design. It would be particularly useful as a reference for students and researchers in the field of electrical engineering.
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This textbook provides a comprehensive overview of the economics of the energy sector, including the different types of energy markets, the role of regulation in the energy sector, and the challenges and opportunities of the energy transition.
Provides a comprehensive overview of sustainable energy systems, including the use of renewable energy sources, the development of energy-efficient technologies, and the application of energy storage technologies.
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Provides a comprehensive overview of energy policy, including a new strategy for global sustainability. It would be particularly useful as a reference for students and researchers in the field of energy policy.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/93og8d/business
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Effort
4 to 6 hours per week for 6 weeks
Level
Introductory
Via
edX
Institution
Delft University of Technology
Instructors
Yashar Ghiassi
Ayman Abdelwahed
Mohammad Ansarin
Milos Cvetkovic
Session
September 26, 2024
- June 30, 2025
Language
English
Transcripts
English
Español
Français
Português
Deutsch
中文
العربية
हिंदी
Türkçe
తెలుగు
Bahasa Indonesia
Kiswahili
This course belongs to a
collection
called
Intelligent and Integrated Energy Systems. It's comprised of four courses:
- Digitalization of Intelligent and Integrated Energy Systems
- Policy and Management of Modern Energy Systems
- Technology of Intelligent and Integrated Energy Systems
- Business Implications of Intelligent and Integrated Energy Systems (viewing)
Good to know
Relevant for professionals in the energy sector seeking to understand emerging digital business models
Instructive for business leaders and practitioners seeking sustainable energy systems
Beneficial for decision-makers in the energy industry considering new policies and investments
Provides insights into the interplay of energy sectors, including coupling within energy sectors, and perspectives from energy-dependent sectors
Course instructors are recognized experts in digitalization and energy systems
Exploration of promising technologies and trends in the energy sector
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