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Business model innovation on the photovoltaic water pumping systems for grassland and farmland conservation in China
Royal Institute of Technology, Stockholm, Sweden.
Mälardalen University, School of Business, Society and Engineering, Future Energy Center.ORCID iD: 0000-0003-0300-0762
2014 (English)In: Energy Procedia, ISSN 1876-6102, E-ISSN 1876-6102, Vol. 61, 1483-1486 p.Article in journal (Refereed) Published
Abstract [en]

Penetration of the renewable market of Photovoltaic PV technologies calls for the extension of the additional values generated from the technology including climate and social co-benefits as radical innovations in a new business model. Compared with existing PV business models, this paper extends the value proposition into operation system and customer segmentation, investigated by a pilot demonstration of PV water pumping (PVWP) systems for the conservation of grassland and farmland in China. The paper suggests that the integrated PVWP systems can combine the implementation of technology with environmental co-benefits, agricultural products by developing an interactive interface to link a social network. This can further disseminate benefits to stimulate the active participations of investments from individuals and corporations. Discounted cash flow (DCF) model and net present value (NPV) evaluations have been conducted on the traditional PV roof, PVWP pilot and PVWP scale up scenarios. The results show that the scenario of integrated PVWP system with social network products can significantly improve the payback period (PP) and increase internal rate of return (IRR). Based on the PVWP pilots and relevant industrial environments, the results in this paper provide how the innovative PV business model innovation can improve the present practices and policies on PV technologies implementation.

Place, publisher, year, edition, pages
2014. Vol. 61, 1483-1486 p.
Keyword [en]
Business model innovation, Photovoltaic technology, PVWP System, Value proposition
National Category
Energy Engineering
Identifiers
URN: urn:nbn:se:mdh:diva-27564DOI: 10.1016/j.egypro.2014.12.152ISI: 000375936100329Scopus ID: 2-s2.0-84922379895OAI: oai:DiVA.org:mdh-27564DiVA: diva2:789677
Conference
6th International Conference on Applied Energy, ICAE 2014, 30 May 2014 through 2 June 2014
Available from: 2015-02-19 Created: 2015-02-19 Last updated: 2016-10-31Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf