GRA 6851 Energy in Green Transition: Markets, Policies and Business Innovation

GRA 6851 Energy in Green Transition: Markets, Policies and Business Innovation

Course code: 
GRA 6851
Law and Governance
Course coordinator: 
Marit Sjøvaag
Nick Sitter
Course name in Norwegian: 
Energy in Green Transition: Markets, Policies and Business Innovation
Product category: 
MSc in Business - Elective course
2023 Autumn
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

Energy policy is driven by three separate but interlinked goals: affordability, sustainability, and security of supply. Changing geopolitics and geoeconomics, regulatory politics, customer behavior, corporate strategy, new technology, and increasingly global markets are driving changes in an energy world that combines the indispensable task of ensuring supply security with transition to low carbon economies and  addressing energy poverty.

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

Learning outcomes - 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, reliable, 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 regulation and market design;
  • Innovation theory applied to green and de-centralized energy;
  • Technological perspectives on the interplay between IT, flexible demand, distributed generation, and energy distribution and storage;
  • Business model perspective to discuss green transition at the firm level;
  • The security challenges driven by energy geopolitics and their interplay with the green transition.

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

Learning outcomes - Skills

The candidate should  be in a position to:

  • Analyse energy systems and discussing and evaluating policies for low carbon transition;
  • Analyse the geopolitics of energy and the relationship between energy security and other aspects of energy policy.
  • Evaluate strategies and business models for sustainability-based innovation and value creation
General Competence

The candidate should be able to critically asses the strengths and weaknesses of energy policy, energy strategy and energy market analyses, in the context of wider societal developments.

The candidate should also be in a position to acquire skills at honestly communicating the premises and limitations of their work and their conclusions.

Course content
  1. Energy as a private, public and strategic good
  2. Energy and the Climate Challenge: Policy Challenges and the Need for Integrated Solutions
  3. Towards Green Transition: Perspectives and Tools
  4. Innovation and Industrial Transformation: The incorporation of distributed energy production and storage solutions alongside the central systems.
  5. Business Models for the 21st century: Facing the Security, Green and Digital Challenges
  6. Green energy transition: Industrial cases
Teaching and learning activities

The teaching and learning activities consist of a combination of lectures, guest speakers, student presentations and group work.

Software tools
No specified computer-based tools are required.
Additional information

The exam for this course has been changed starting academic year 2023/2024. The course now has one ordinary exam. It is not possible to retake the old version of the exam. 

It is the student’s own responsibility to obtain any information provided in class.


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 specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.


Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Exam categoryWeightInvigilationDurationGroupingComment exam
Exam category:
Form of assessment:
Written submission
Exam code:
GRA 68511
Grading scale:
Grading rules:
Internal examiner
Examination when next scheduled course
100No1 Semester(s)Group (1 - 3)Assignment
Exam category:Submission
Form of assessment:Written submission
Grouping (size):Group (1-3)
Duration:1 Semester(s)
Exam code:GRA 68511
Grading scale:ECTS
Resit:Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
Student workload
36 Hour(s)
Group work / Assignments
30 Hour(s)
Student's own work with learning resources
94 Hour(s)
Sum workload: 

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.