SUSTAINABLE SMART ENERGY & MOBILITY
Exploring the interdependent transition to sustainable energy and mobility
The Key Research Initiative (KRI) Sustainable Smart Energy & Mobility explores the interdependent transition to sustainable energy and mobility from an interdisciplinary perspective, ranging from artificial intelligence to economics to social behavior. Under the assumption that the electricity and the transportation sector are both affected by and instrumental in the effort to transform energy systems, a complicated array of economic coordination problems arises due to the increasingly distributed nature of both electricity generation and consumption, which is further complicated by weather-dependent availability profiles of wind and sun. Efficient solutions will necessitate new approaches to optimal congestion management—within electricity grids, transport networks and at the intersection of the two sectors, for example, charging electric vehicles and using the batteries in such vehicles as sources of flexibility for the electricity sector.
The KRI focuses on four principle areas:
- Information Technology (IT)-based mechanisms for congestion management in energy and mobility networks
- Efficient coordination of investment across regulated and unregulated sectors
- New business models for sustainable energy and mobility
- Flexible, distributed, weather-dependent, and versatile electricity systems
Efforts are focused on electricity and mobility sector synergies that can lead to the most effective use of solutions to create economic resiliency during the transition to sustainable energy. Information systems must play an important role in a sustainable energy future.
The KRI aims to:
- research economic incentive mechanisms that make use of the rapidly increasing computational power of artificial intelligence methods such as machine learning and blockchain.
- investigate the dynamics of policy and commercial relationships that create obstacles to investment and implementation progress and develop suggestions for potential solutions.
- explore new business models for sustainable energy and mobility and examine their potential for scalable application in the economy.
- improve the modeling of energy markets, exploring both analytically closed optimisation models and modern, agent-based simulations. In this context, the interface between the electricity sector and the mobility sector receives particular attention, and the economic trade-offs between the various options for making use of electricity for transport is carefully analysed.
The members of the Key Research Initiative are long accustomed to a multidisciplinary approach. Prof. Dr. Wolfgang Ketter, member of the World Economic Forum Global Future Council on Mobility, coordinates the KRI. He has been working at the intersection of energy, mobility, sustainability and information systems for more than 30 years.
The complete list of research members is as follows:
The members of the KRI have published research papers in renowned scientific journals that relate to a wide variety of KRI focus areas. They continue to produce highly relevant research and articles published both in and outside the scientific community.
Selected recent publications:
Several activities will bring together the scientists, policymakers and businesses critical for a more coordinated transition to sustainable energy and mobility using the power of information systems management. These events will encourage the exchange of new impulses and ideas in preparation for new research approaches, collaborations and findings. These activities are meant to catalyse new projects and to provide a platform for learning and dissemination:
- International visitor’s program
- Annual academic symposium on Sustainable Energy & Mobility
- Annual summer school on Sustainable Energy & Mobility
- Annual practitioner’s conference on Sustainable Energy & Mobility
- External Advisory Board consisting of practitioners
- Cologne papers on Sustainability Energy & Mobility, targeted towards practitioners and the public
These activities are crucial to achieve a deeper and more productive form of collaboration between stakeholders both within and outside the KRI. Significant, long-term collaboration is necessary for the success of such a vast and fast transition of the electricity and mobility sectors to a sustainable energy future. The activities are also designed to have an immediate impact on the visibility of the WiSo Faculty to attractive young researchers, the international research community, and media and business practice.
The KRI's research output flows into many study programs of the WiSo faculty. In the bachelor’s and master's programmes and the executive education at the University of Cologne Business School courses are offered in which students explore and analyse the new findings, thus developing a sensitivity for the subject matter. A Smart Energy and Mobility Diploma is under preparation.
Doctoral students are invited to a regular research seminar as well as an annual jamboree during which they can present and discuss their work.
The triple challenge of decarbonisation, decentralisation, and digitalisation of the energy system is a major component in mankind’s quest to move towards a sustainable global economy in the 21st century. Transforming the electricity and mobility sectors in tandem, potentially involving hydrogen as an additional piece of the puzzle, are critical ingredients of any potential way forward. The KRI is focusing on core elements of the ensuing challenges.
Methods and concepts developed in this KRI will likely have an impact beyond the field of energy, for example, in market design (high-frequency peer-to-peer institutions, auction theory, regulatory economics) or in information systems (artificial intelligence, design science, data analytics and science, machine learning).
By addressing those questions and following the WiSo Faculty’s motto “Today’s Ideas. Tomorrow’s Impact.“, the KRI will help to achieve a positive impact with scientific support.