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The Role of Electric Boats in the Renewable Energy Transition- An Explorative Study of the Opportunities and Obstacles of Adapting Electric Boats for V2X in the Stockholm Archipelago

Bönnelyche, Sophie LU (2022) EKHS35 20221
Department of Economic History
Abstract
Vehicle-to-everything (V2X) is a promising power storage solution for the challenges succeeding the Swedish renewable energy transition. Although, it is a niche innovation facing obstacles such as inadequate infrastructure, uncertainties of battery degradation and a lack of appropriate standards, which hinders its development. This thesis explores the business case for V2X for X Shore’s electric boats in the Stockholm Archipelago through a qualitative, explorative study that draws on semi-structured interviews with various stakeholders and experts. The multi-level perspective provides an understanding of the socio-technical transition, and the business model theory functions as a tool for facilitating development. The study found that the... (More)
Vehicle-to-everything (V2X) is a promising power storage solution for the challenges succeeding the Swedish renewable energy transition. Although, it is a niche innovation facing obstacles such as inadequate infrastructure, uncertainties of battery degradation and a lack of appropriate standards, which hinders its development. This thesis explores the business case for V2X for X Shore’s electric boats in the Stockholm Archipelago through a qualitative, explorative study that draws on semi-structured interviews with various stakeholders and experts. The multi-level perspective provides an understanding of the socio-technical transition, and the business model theory functions as a tool for facilitating development. The study found that the V2X niche is at an embryonic stage, in need of further research to determine its financial viability. However, it was found that appropriate standards are materializing, Stockholm’s flexibility market is developing and changes in favor of aggregators are proceeding. Further, the analysis conveys that an optimal market scenario for V2X is with a high share of renewable energy, high capacity constraints, high flexibility and high spot prices. The paper calls for a further development on V2X price models and costs for electric boats in additional markets. (Less)
Please use this url to cite or link to this publication:
author
Bönnelyche, Sophie LU
supervisor
organization
course
EKHS35 20221
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Vehicle-to-Everything, V2X, Energy System, Sweden, Multi-Level Perspective, Electric Boats
language
English
id
9089303
date added to LUP
2022-08-01 11:48:53
date last changed
2022-08-01 11:48:53
@misc{9089303,
  abstract     = {{Vehicle-to-everything (V2X) is a promising power storage solution for the challenges succeeding the Swedish renewable energy transition. Although, it is a niche innovation facing obstacles such as inadequate infrastructure, uncertainties of battery degradation and a lack of appropriate standards, which hinders its development. This thesis explores the business case for V2X for X Shore’s electric boats in the Stockholm Archipelago through a qualitative, explorative study that draws on semi-structured interviews with various stakeholders and experts. The multi-level perspective provides an understanding of the socio-technical transition, and the business model theory functions as a tool for facilitating development. The study found that the V2X niche is at an embryonic stage, in need of further research to determine its financial viability. However, it was found that appropriate standards are materializing, Stockholm’s flexibility market is developing and changes in favor of aggregators are proceeding. Further, the analysis conveys that an optimal market scenario for V2X is with a high share of renewable energy, high capacity constraints, high flexibility and high spot prices. The paper calls for a further development on V2X price models and costs for electric boats in additional markets.}},
  author       = {{Bönnelyche, Sophie}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Role of Electric Boats in the Renewable Energy Transition- An Explorative Study of the Opportunities and Obstacles of Adapting Electric Boats for V2X in the Stockholm Archipelago}},
  year         = {{2022}},
}