GRA 6841 Energy in Green Transition: Markets, Policies and Business Innovation
GRA 6841 Energy in Green Transition: Markets, Policies and Business Innovation
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.
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
Upon completion of the course, students should have acquired basic skills at:
- Analysing energy systems and developing policies for low carbon transition;
- Suggesting strategies and business models for sustainability-based innovation and value creation;
- Understanding the interplay between central and distributed energy supply systems under IT
- Designing deployment strategies, and finding niche market trajectories for technology and business concept innovation.
The students should have the ability to critically asses the strengths and weaknesses of energy policy, energy strategy and energy market analyses, including their own work.
The students should also acquire skills at honestly communicating the premises and limitations of their work and their conclusions.
- Energy and the Climate Challenge Policy Challenges and the Need for Integrated Solutions
- Energy from De-regulation Towards Green Transition, Perspectives and Tools
- Innovation and Industrial Transformation: The incorporation of distributed energy solutions alongside the central systems.
- Business Models for the 21st century: Facing the Green and Digital Challenges
- Green energy transition: Industrial cases
- Green and distributed energy transition: Oslo’s Green City Initiatives
The teaching will be based on lectures, cases, group-work as well as multimedia tools.
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.
This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course starts.
At resit, all exam components must, as a main rule, be retaken during next scheduled course.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have spesific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
| Assessments |
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Exam category: Activity Form of assessment: Class participation Weight: 30 Grouping: Individual Duration: 1 Semester(s) Exam code: GRA68411 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Submission Form of assessment: Written submission Weight: 70 Grouping: Group (1 - 3) Duration: 1 Semester(s) Comment: Assignment Exam code: GRA68411 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 3 ECTS credit corresponds to a workload of at least 80 hours.