Energy as a Service (EaaS) in Emerging Green Economy: Opportunities for Creating and Selling Energy

Asuni, Olasubomi Hafees; Matthew, Ugochukwu Okwudili; Adesina, Oluwaseun Jeremiah; Fatai, Lateef Olawale; Ebong, Godwin Nse; Oforgu, Chukwuka Michael; Oyedemi, Oluyemisi Adenike; Odubola, Oluwatimilehin Abel

Abstract

By combining various energy grids components to meet sustainability standards and energy demand, energy as a service (EaaS) offers a significant chance to produce and market energy more effectively. Electrical energy businesses can now send extra energy back to the grid through the new business models that EaaS enables. With this concept, companies and individuals can buy energy on a pay-per-use or subscription basis instead of handling their own energy infrastructure. The pace and extent of the EaaS market's future growth will be determined by the interaction of several elements, including changes in society and consumers, political and regulatory reactions, technological, economic, and environmental advancements. This paper established that in order to propel Africa's and Nigeria digital energy future, all relevant parties from governments to commercial organizations and non-governmental organizations must work together to promote sustainable, AI-powered energy solutions for economic growth and environmental sustainability.

• Publication Date: Feb 21, 2025
• Deposit Date: Mar 20, 2025
• Peer Reviewed: Peer Reviewed
• Pages: 421-452
• Book Title: Geopolitical Landscapes of Renewable Energy and Urban Growth
• Chapter Number: 15
• ISBN: 9798369388150 ; 9798369388143
• DOI: https://doi.org/10.4018/979-8-3693-8814-3.ch015