Energy business strategy
Dr Jeff Hardy has helped organisations around the world understand and plan for the implications of zero-carbon energy system transformation. He has developed a range of approaches to test the resilience of existing and explore new businesses models in uncertain futures. If your organisation would benefit from independent analysis, advice and challenge on zero-carbon business strategy, please get in touch.
Contact us to find out how we can help your organisation navigate through the energy system transformation.
Examples of previous work
Dr Jeff Hardy undertook research into the impacts, risks and benefits of business models that engage consumers in the low-carbon transformation. The work concluded that in order to enable energy business model innovation, the following decisions are required: 1) Create space to enable business model innovation; 2) Ensure smart devices and data are interoperable and secure; 3) Improve the service standards of energy businesses; 4) Ensure business models work for consumers in all situations; and 5) Implement targeted carbon regulation.
Smart Systems and Heat Phase 2
Dr Jeff Hardy was worked with the Energy Systems Catapult on their Smart Systems and Heat Phase 2 project. Together with Dr Christoph Mazur our work involved:
Identifying archetypes of energy service provider business models through desk-based research.
Using a backcasting approach to identify plausible pathways to energy market transformation.
Working with energy experts to identify what is required for energy service business models to thrive.
The Utility 2050 project was a partnership of energy industry professionals, financiers and academics with a shared objective to explore what net-zero could mean for the energy sector. Dr Jeff Hardy was a member of the academic research team. The main findings were:
New value of up to £21 billion per year is available to electricity utilities in the UK.
Customer segments exist for innovative energy business models, but some customers could be barred.
Policy and regulatory decisions are required to enable new business models to thrive.