The Energy System and the Sharing Economy: Interfaces and Overlaps and what to Learn from them

Abstract

The dissemination of decentralized renewable energy generation, storage and smart metering devices has led to the need for new business models and coordination mechanisms in the energy sector. At the same time, the emerging sharing economy focuses on using digital platforms to coordinate value creation on a decentralized level. While sharing concepts have already been applied to specific energy technologies and microgrids, a more general understanding of what the sharing economy means in the context of the energy sector is still missing. This paper aims to bring these two topics together and to analyze their interfaces and overlaps. For this purpose, this paper draws from existent scientific publications, reports, blog posts, and websites as well as company workshops to discuss which activities and characteristics of the sharing economy might be applicable to the energy sector. Results show that there are significant overlaps in characteristics of the sharing economy and of the transitioning energy system. Furthermore, a broad range of business models within the energy system were found to be based on sharing resources. The findings of this study open up a range of new research and business opportunities at the interface of the sharing economy and the transitioning energy system.