ENODA provides a system which is agnostic to the nature of supply and demand. To do that though, there needs to be one fundamental enabling technology. It has to sit in the location of the transformer just as the router sits in the former location of switch in telephone exchanges, and they both transform the nature of those networks.

The description of multi-sided markets has fundamentally changed the way that economists think about the boundaries of the firm. It also has dramatic implications for how entrepreneurs approach the problem of maximising firm value, as they now have to consider other product-market participants.

Response to Shell Energy Security Scenarios and meeting the long-term challenge of climate change

Last month was European Sustainability Week, which focussed on the theme ‘Going Green and Digital for Europe’s Energy Transition’. With the continuation of the conflict in Ukraine threatening the continent’s energy supply, and a commitment to decarbonisation by 2050, Europe is devoting significant attention to ensuring energy security. Despite the immediate nature of this winter’s gas crisis, however, the theme of the week demonstrated that Europe sees an opportunity to accelerate the long-term transition to clean, reliable, affordable energy.