Emerging Technologies

This monograph investigates a multitude of emerging technologies including 3D printing, 5G, blockchain, and many more to assess their potential for use to further humanity’s shared goal of sustainable development. Through case studies detailing how these technologies are already being used at companies worldwide, author Sinan Küfeoğlu explores how emerging technologies can be used to enhance progress toward each of the seventeen United Nations Sustainable Development Goals and to guarantee economic growth even in the face of challenges such as climate change. To assemble this book, the author explored the business models of 650 companies in order to demonstrate how innovations can be converted into value to support sustainable development. To ensure practical application, only technologies currently on the market and in use actual companies were investigated. This volume will be of great use to academics, policymakers, innovators at the forefront of green business, and anyone else who is interested in novel and innovative business models and how they could help to achieve the Sustainable Development Goals. This is an open access book

Economic Impacts of Electric Power Outages and Evaluation of Customer Interruption Costs

Electricity has become a vital part of the modern societies. Thanks to using electrical equipment in almost every aspect of the life, in case of an interruption the daily routine is paralyzed. Whether the electricity is a social right or not is still debatable. No matter it is a social right or commodity, improving the electric power reliability so that more people (or customers) will have the opportunity to make use of this service is in favor of everyone in the market. Europe has been known to have robust, well developed and well planned electric power systems. This meant considerably high level of reliability for the European societies until the beginning of 2000's. Nevertheless, during the last decade there has been an increase in the number of extreme weather related disasters throughout the world. Natural disasters have become the primary threats for the continuity of electricity service in Europe and in the rest of the world. Studying customer interruption costs and proposing credible and practical estimation methods is a challenging task. The necessity of this research arose from the lack of widely accepted and easy to adopt approaches in the field. Each customer segment has its own distinct electric power consumption and dependence characteristics. This fact indicates the necessity of analyzing each customer group separately and proposing unique customer interruption costs estimation techniques. Having a developed power system and easiness to reach credible data for analysis, Finland is a proper country to study the economic impacts of the electric power interruptions. The ultimate goal of this research is to provide outage cost estimations which will be; customer specific, utilizing publicly declared and objective data, demanding less time, less money and less effort, easy to duplicate in any part of the world and providing credible and sound results. In order to achieve these goals, in this research, the customers are divided into three main segments; industry customers, service customers and residential customers. Different and unique customer interruption costs estimation methodology has been proposed for each customer segment

Macroeconomic Assessment of Voltage Sags

The electric power sector has changed dramatically since the 1980s. Electricity customers are now demanding uninterrupted and high quality service from both utilities and authorities. By becoming more and more dependent on the voltage sensitive electronic equipment, the industry sector is the one which is affected the most by voltage disturbances. Voltage sags are one of the most crucial problems for these customers. The utilities, on the other hand, conduct cost-benefit analyses before going through new investment projects. At this point, understanding the costs of voltage sags become imperative for planning purposes. The characteristics of electric power consumption and hence the susceptibility against voltage sags differ considerably among different industry subsectors. Therefore, a model that will address the estimation of worth of electric power reliability for a large number of customer groups is necessary. This paper introduces a macroeconomic model to calculate Customer Voltage Sag Costs (CVSCs) for the industry sector customers. The proposed model makes use of analytical data such as value added, annual energy consumption, working hours, and average outage durations and provides a straightforward, credible, and easy to follow methodology for the estimation of CVSCs

Emerging Technologies

This monograph investigates a multitude of emerging technologies including 3D printing, 5G, blockchain, and many more to assess their potential for use to further humanity’s shared goal of sustainable development. Through case studies detailing how these technologies are already being used at companies worldwide, author Sinan Küfeoğlu explores how emerging technologies can be used to enhance progress toward each of the seventeen United Nations Sustainable Development Goals and to guarantee economic growth even in the face of challenges such as climate change. To assemble this book, the author explored the business models of 650 companies in order to demonstrate how innovations can be converted into value to support sustainable development. To ensure practical application, only technologies currently on the market and in use actual companies were investigated. This volume will be of great use to academics, policymakers, innovators at the forefront of green business, and anyone else who is interested in novel and innovative business models and how they could help to achieve the Sustainable Development Goals. This is an open access book

Macroeconomic assessment of voltage sags

The electric power sector has changed dramatically since the 1980s. Electricity customers are now demanding uninterrupted and high quality service from both utilities and authorities. By becoming more and more dependent on the voltage sensitive electronic equipment, the industry sector is the one which is affected the most by voltage disturbances. Voltage sags are one of the most crucial problems for these customers. The utilities, on the other hand, conduct cost-benefit analyses before going through new investment projects. At this point, understanding the costs of voltage sags become imperative for planning purposes. The characteristics of electric power consumption and hence the susceptibility against voltage sags differ considerably among different industry subsectors. Therefore, a model that will address the estimation of worth of electric power reliability for a large number of customer groups is necessary. This paper introduces a macroeconomic model to calculate Customer Voltage Sag Costs (CVSCs) for the industry sector customers. The proposed model makes use of analytical data such as value added, annual energy consumption, working hours, and average outage durations and provides a straightforward, credible, and easy to follow methodology for the estimation of CVSCs.Peer reviewe

Impacts of natural disasters on swedish electric power policy

The future of climate and sustainable energy are interrelated. Speaking of one without mentioning the other is quite difficult. The increasing number of natural disasters pose a great threat to the electric power supply security in any part of the world. Sweden has been one of the countries that have suffered from unacceptably long blackouts. The tremendous outcomes of the power interruptions have made the field of the economic worth of electric power reliability a popular area of interest among researchers. Nature has been the number one enemy against the supply security of the electricity. This paper introduces a recent and thorough electric power reliability analysis of Sweden and focuses on the country's struggle against climate change-related natural disasters via updating the country's electric power policy to improve its service quality. The paper highlights the Gudrun storm of 2005 as a case study to demonstrate the severe impacts of extreme weather events on the energy systems. The economic damage ofthe storm on the electric power service calculated to be around 3 billion euros.Peer reviewe

Designing the Business Ecosystem of a Decentralised Energy Datahub

Datahubs step forth as convenient test beds for innovative solutions to create value from the energy data. There are numerous pilots and early trials for establishing energy Datahubs, especially in northern Europe. These are all centralised models, and the centralisation of data control and value creation can be regarded as contradictory to the decentralisation trend in the energy sector. This paper attempts to design the first decentralised energy Datahub ecosystem’s business ecosystem, with the name DenHub, using Blockchain technology. This model enables easy access to transparent and flexible energy data and new business models that will emerge upon its use. All data produced, distributed, used, and curated will help researchers and entrepreneurs study this field and propose new business models to make the energy ecosystem more efficient, clean, and inclusive. The paper also presents the differences between centralised and decentralised methods by underlining the advantages and disadvantages of both approaches.</jats:p