Powering Tomorrow - Implementation of Battery Energy Storage System in today's Power Grid
(2024) MIOM05 20232Production Management
- Abstract
- Title
Powering Tomorrow - Implementation of Battery Energy Storage System in today's Power Grid
Authors
Henrik Ramström and Krenar Gerxhaliu
Supervisor
Ingela Elofsson, Dept. of Production Management, Faculty of Engineering, Lund University
Maricruz Bravo, Flower Infrastructure Technologies AB
Background
We are currently undergoing a transition in the industrial development, taking place globally. Significant economic growth and technological advancements have occurred, but this has also resulted in environmental problems due to the extensive use of fossil fuels. Consequently, there is a need for a shift towards more sustainable energy sources such as solar, wind, and water. This transaction naturally comes with... (More) - Title
Powering Tomorrow - Implementation of Battery Energy Storage System in today's Power Grid
Authors
Henrik Ramström and Krenar Gerxhaliu
Supervisor
Ingela Elofsson, Dept. of Production Management, Faculty of Engineering, Lund University
Maricruz Bravo, Flower Infrastructure Technologies AB
Background
We are currently undergoing a transition in the industrial development, taking place globally. Significant economic growth and technological advancements have occurred, but this has also resulted in environmental problems due to the extensive use of fossil fuels. Consequently, there is a need for a shift towards more sustainable energy sources such as solar, wind, and water. This transaction naturally comes with challenges. These unplannable energy sources require support systems to be used effectively. While support systems are already in use to some extent, the industry lacks sufficient research. This work aims to provide a more comprehensive description and analysis of the relevant considerations concerning technology acquisition in this industry and the consequences these considerations will have.
Purpose
The purpose of this study is to describe the development of high-tech services in the energy sector in Sweden by analysing the consequences of technology acquisition and knowledge basis in companies.
Methodology
In order to do this a framework has been proposed where a current analysis of the company is created. From this, 6 scenarios of the future were proposed with the help of technology strategy in order to evaluate different implementations of the developed product.
Delimitations
This study focuses on the acquisition of a service stacking product in a high-tech service sector, this being the Swedish energy sector. Specifically, services related to grid balancing where this thesis applies a theoretical framework to a specific case study involving Flower Infrastructure Technologies AB.
Conclusions
Based on the empiricism found, the theoretical framework used and the analysis conducted several conclusions have been made. The development of the product in this case would entail only a small amount of value. In comparison, several added capabilities need to be implemented to drive this change.
Keywords
Battery energy storage system, Technology strategy, Resource based view, Technology acquisition, Technology life cycle, Virtual power plant, Value proposition, Ancillary services, Energy market, Innovation, Product development (Less) - Popular Abstract
- We are currently undergoing a transition in the industrial development, taking place globally. Significant economic growth and technological advancements have occurred, but this has also resulted in environmental problems due to the extensive use of fossil fuels. Consequently, there is a need for a shift towards more sustainable energy sources such as solar, wind, and water. This transaction naturally comes with challenges. These unplannable energy sources require support systems to be used effectively. While support systems are already in use to some extent, the industry lacks sufficient research. This work aims to provide a more comprehensive description and analysis of the relevant considerations concerning technology acquisition in... (More)
- We are currently undergoing a transition in the industrial development, taking place globally. Significant economic growth and technological advancements have occurred, but this has also resulted in environmental problems due to the extensive use of fossil fuels. Consequently, there is a need for a shift towards more sustainable energy sources such as solar, wind, and water. This transaction naturally comes with challenges. These unplannable energy sources require support systems to be used effectively. While support systems are already in use to some extent, the industry lacks sufficient research. This work aims to provide a more comprehensive description and analysis of the relevant considerations concerning technology acquisition in this industry and the consequences these considerations will have. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9149439
- author
- Ramström, Henrik LU and Gerxhaliu, Krenar LU
- supervisor
- organization
- course
- MIOM05 20232
- year
- 2024
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Battery energy storage system, Technology strategy, Resource based view, Technology acquisition, Technology life cycle, Virtual power plant, Value proposition, Ancillary services, Energy market, Innovation, Product development
- report number
- 24/5725
- language
- English
- id
- 9149439
- date added to LUP
- 2024-03-05 12:20:36
- date last changed
- 2024-03-05 12:20:36
@misc{9149439,
abstract = {{Title
Powering Tomorrow - Implementation of Battery Energy Storage System in today's Power Grid
Authors
Henrik Ramström and Krenar Gerxhaliu
Supervisor
Ingela Elofsson, Dept. of Production Management, Faculty of Engineering, Lund University
Maricruz Bravo, Flower Infrastructure Technologies AB
Background
We are currently undergoing a transition in the industrial development, taking place globally. Significant economic growth and technological advancements have occurred, but this has also resulted in environmental problems due to the extensive use of fossil fuels. Consequently, there is a need for a shift towards more sustainable energy sources such as solar, wind, and water. This transaction naturally comes with challenges. These unplannable energy sources require support systems to be used effectively. While support systems are already in use to some extent, the industry lacks sufficient research. This work aims to provide a more comprehensive description and analysis of the relevant considerations concerning technology acquisition in this industry and the consequences these considerations will have.
Purpose
The purpose of this study is to describe the development of high-tech services in the energy sector in Sweden by analysing the consequences of technology acquisition and knowledge basis in companies.
Methodology
In order to do this a framework has been proposed where a current analysis of the company is created. From this, 6 scenarios of the future were proposed with the help of technology strategy in order to evaluate different implementations of the developed product.
Delimitations
This study focuses on the acquisition of a service stacking product in a high-tech service sector, this being the Swedish energy sector. Specifically, services related to grid balancing where this thesis applies a theoretical framework to a specific case study involving Flower Infrastructure Technologies AB.
Conclusions
Based on the empiricism found, the theoretical framework used and the analysis conducted several conclusions have been made. The development of the product in this case would entail only a small amount of value. In comparison, several added capabilities need to be implemented to drive this change.
Keywords
Battery energy storage system, Technology strategy, Resource based view, Technology acquisition, Technology life cycle, Virtual power plant, Value proposition, Ancillary services, Energy market, Innovation, Product development}},
author = {{Ramström, Henrik and Gerxhaliu, Krenar}},
language = {{eng}},
note = {{Student Paper}},
title = {{Powering Tomorrow - Implementation of Battery Energy Storage System in today's Power Grid}},
year = {{2024}},
}