Virte Solar Plant: Developing Next Generation Solar Roofs And Blockchain Energy Sharing Essay.

Metal solar roofs coated with solar panel technology for increased efficiency

Discuss about the Issues in Technology Innovation Management for Solar Energy.

The Virte Solar plant is focusing on developing solar roofs for the development of next generation. The company is developing metal solar roof which are coated with the solar panel to produce efficient power of electricity. The stylish solar panel are 90% more efficient than the traditional solar panel. The company is looking forward to develop a block chain for facilitating the energy sharing to provide efficient power to fulfil the requirement of electricity for the home devices. The practice of block-chaining helps in distributing the extra energy to the neighbouring houses and buildings. The smart meter is associated with the block chain program by generating issue tokens for the use of power energy. The energy can be efficiently consumed and resale according to the requirement of the user.

The block energy coins can be created by the effective participation of investors, Sellers, and buyers in the process of creating block chaining of energy. The peer-to-peer market is created for the Virte organization to increase the sale of the solar energy to the constituent participants. The creation of the solar panels helps in subsidize the user with the efficient supply of electrical energy to enlighten the household equipment. The process of creating peer-to-peer market for block-chaining helps in increasing the currencies by selling of the solar power through the digital platform. The trading of solar energy through bit-coin open a new market for the Virte’s organization to increase their profit (Roy, Bruce, and MacGill, 2014). The consumption of the solar energy is recorded in the smart meter which is than represented on the digital platform for converting consumption of energy through block chain into the Bit Coin.

The equipment which are used for the development smart solar based micro grid system are categorised as development of the robust infrastructure for developing peer to peer connection between trading companies by effective utilization of smart meter for recording the consumption of the solar energy. The subsequent amount of payment will be provided by the trading companies through the digital platform of bit coin. The company is focusing on installing the solar penetration for increasing the rate of solar energy production. The network use of energy (NUOS) is used for defining block chain between various trader from the generator 1.5 KWH energy to heavy power plant of solar energy. On-demand service is provided by the smart meter which is installed by the company to know the relevant rating of the trading companies.

The development of the block chaining technology helps in flourishing the peer to peer connection between industries for increasing the flow of currencies in the form of Bit coin to the Virte Organization. The extra energy of the power plant is set out for selling into the digital platform of block-chaining. The participants have to pay the amount through bit coins according to the reading of smart meter. The peer-to-peer market is created for the Virte organization to increase the sale of the solar energy to the constituent participants. The trading of solar energy through bit-coin open a new market for the Virte’s organization to increase their profit.

Efficient power with blockchain energy sharing and smart meters

The firm focuses on two way process to take effective decision for the betterment of the company based on explicit motivation and implicit motivation. The privilege should be given to both explicit and implicit motivation to take effective and efficient decision for the smooth functioning of the enterprise.

The implicit motives plays a vital role in changing the psychological state of the project owner in regards to the power, affiliation, and past achievements (Kehr, 2015). The social control on the firm process organization is affected through the annual meetings organized with the top executives for setting out the organization goal and mission for the new financial year of the enterprise. The major disadvantage of implicit motives is that it depends upon the flight of fantasy created by the opponent and the story telling procedures. The explicit motives are the self-action taken by the Firm owner based on their personal experiences. The confusion in achieving the project goal can be exempted by developing a desirable ethical doe of conduct to take an efficient decision for enhancing the good will of the enterprise. The explicit motives depend upon the psychological ability of making perception by the owner. The decision making ability of the project owner depends on the perceived ability for analysing the risks associated with the project. The capability of the perception can be enhanced with the dependency on the social support of the experts, developing a model structure of the problem, and dividing organization goal into sub-attributes. The efficiency and the effectiveness for taking the decision can be increased by accumulation of explicit motives based on social support, category of attributes, and model structure.

This is the major reason for emphasising more on explicit motives than implicit motives. The accuracy of the solution provided can be enhanced by getting guidance, thoughts, views, ideas, and opinion from multiple experts on the single problem. It helps in broadening the scope of perceiving the objects and problem with the real world (Wegner, 2014). The confusion in achieving the project goal can be exempted by developing a desirable ethical code of conduct to take an efficient decision for enhancing the good will of the enterprise. In contrast to the implicit motives, explicit motives are more powerful because the personal experiences of the owner can be a failure but the accumulation of the ideas brings positivity in the growth of the organization financial condition.

The lead users are capable of providing innovative ideas and expertise to the technology entrepreneur to explore the business effectiveness in providing quality service to their customers according to their demand. The lead user helps in accessing the deficiency in the conceptual, empirical, financial, and methodological framework of the process undertaken. The inefficiency of the system can be improved by organizing a critical review meeting with the lead user. The process of innovation can be adopted by the organization to ensure the effective program for the operational functioning of the enterprise. The users of the enterprise are the innovators of the organization design and framework of procedures and policies because they know the area of pitfalls and weaknesses of their organization. They set the goal in the direction of improving the business processes. The customers do not comply with the business processes undertaken for the construction of the product, they only focus on the quality of the product according to their expectation or not. The success of the enterprise depends on the experiences of the lead user because they create innovative design for the effective operational plan of the firm (Helminen, 2016). The contribution of the lead user in the planning phase is that they focus on analysing the problem faced in the past project and how it can be improved for the initiation of the future project. In the designing phase, the innovative idea provided by the lead user helps in developing the structural and innovative framework of business process in the direction to achieve strategic goal of the enterprise and increasing the level of satisfaction of the customers. The modification and manipulation in the implementation phase can be done on analysing the pitfalls of the project and critical reviews of the lead user to get the efficiency in the final product. The knowledge management program should be organized for the lead user periodically so that they can sharpen their key skills and expertise which can be effectively applied on demand of increasing the profit of the organization (Trott, Duin, and Hartmann, 2014). The inefficiency of the system can be improved by organizing a critical review meeting with the lead user.  The success of the enterprise depends on the experiences of the lead user because they create innovative design for the effective operational plan of the firm.

Block energy coins and peer-to-peer market for solar energy trading

IqBox is one of the leading organizations in the Telcom industry. IqBox Company is working on the cloud technology for enabling the delivery of grocery products at the door step of the customers. The Food Mail Finland is the most prominent competitor of IqBox Company. The customers have to pay a subscription fees for the delivery of the grocery product at the door step. The IqBox Company focuses on implementing open ecosystem platform for expanding the working structure of the company to the international markets at the global level. The company is looking forward to promote its service readiness and self-service technology to resolve the challenges in the field of service innovation (Wang, Ying, Sparks, and Beverley, 2014).

The literature review study helps in preparing the organization for providing effective services to the customers at global level. The increasing demand of global competition helps in providing innovative services to the customers (Yen, Wang, Wei, Hsu, and Chiu, 2013). The innovation in the service is important part of the business functioning program because it helps in achieving long term sustainability for the enterprise. The evaluation of the readiness helps in preparing the company to cope up with the challenges faced in th implementation of new program for the growth of the business (Lijander, Gilllberg,  Gunnernus, and Reil, 2006). The innovative trends and techniques are formulated for providing effective services to widen the readiness at the level of firm. The innovation in the company can be effective when focus should be given on human resource management programs, business entities, organization culture, technological innovative resources, participation of top executives, and others. The service Innovation readiness (SIR) is the program organized for analysing the self-assessment program for the company’s policies (Ramaseshan, 2013). The services can be innovated by focusing on strategic plan of the company, mechanism and technology used for improving productivity services and operation, and collaboration with other organization. The framework should be designed for the organization which is based on analysis of the operational plan of the enterprise, tolerance of risks identification and mitigation, analysis of the competitors in service innovation program, collaboration with different organization, and implementation of ICT technologies (Wang, So, and Sparks, 2016). The reliability should be focused in the process of expansion of the business services at global level. The attention should be given to the technological innovation in managing relationship between customers, firm, channel members, and employees for the effective growth of the enterprise (Esen, and Erdogmus, 2014).

Developing a Service model for the enterprise requires attention to be drawn regarding the management of new technologies, construction of the proactive plan for the technological advancement according to the requirement of the enterprise, interaction of customers to know the actual requirement of the customer in the service model of the enterprise, alignment of customers requirement with the business objective, deployment of employee engagement program, and integration of communication channel with other organization (Hseih, 2013).  The reliability of the expansion model depends upon the innovative services which are being incorporated with the working framework of the enterprise (Elliot, Meng, and Hall, 2012).

Conclusion:

The service innovation should be adopted by the IqBox enterprise for satisfying the requirement of the customers. The innovative trends and techniques are formulated for providing effective services to widen the readiness at the level of firm. The innovation in the company can be effective when focus should be given on human resource management programs, business entities, organization culture, technological innovative resources, participation of top executives, and others.

References

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Lijander, V., Gilllberg, F., Gunnernus,J., and Reil, A. (2006). Technology readiness and the evaluation of self-service technologies. 1^st ed.  Retrieved from https://www.researchgate.net/publication/223578421_Technology_readiness_and_the_evaluation_and_adoption_of_self-service_technologies

Morystyn, T. (2018). The future of peer to peer energy trading. 1^st ed.  Retrieved from https://epg.eng.ox.ac.uk/content/future-peer-peer-energy-trading

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Roy, A., Bruce, A., and MacGill, I. (2014). The potential value of peer to peer energy trading in the  Australian national electricity market. 1^st ed.  Retrieved from https://ceem.unsw.edu.au/sites/default/files/documents/A%20Roy%2C%20A%20Bruce%2C%20I%20MacGill-Potential%20Value%20of%20Peer-To-Peer%20Energy%20Trading%20in%20the%20Australian%20National%20Electricity%20Market.pdf

Trott, P., Duin, P., Hartmann, D . (2014). Users as Innovators? Exploring the limitation of user driven innovation. 1^st ed.  Retrieved from https://researchportal.port.ac.uk/portal/files/1191767/TROTT_2013_cright_P_Users_as_innovators.pdf

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