3FOOD

Third Industrial Revolution Consulting Group
increase incubated and entrepreneurial businesses provides a supporting platform for
many of these proposals.
In addition, we have organized these proposals according to how they fit within seven broad
categories: regulatory; public policy; financial; technical; business model innovation (BMI);
educational; and research, development, and innovation (RDI). Many proposals cut across
multiple categories. As shown in Table 5, a ‘P’ indicates the primary category to which we have
assigned a proposal and an ‘S’ indicates assigned secondary categories. We have also
highlighted, where appropriate, how the proposals overlap with other TIR Pillars (e.g., Smart
Economy, Mobility).
Building Block Proposals
Regulatory
Implement a common standard to enhance value creation within the smart energy
ecosystem. Standardization, with specifications for market access and interoperability,
is a prerequisite for the establishment of an accessible, flexible, and truly integrated
smart energy marketplace. A common standard is needed to enable trading of flexible
energy use, and to ensure that the tools and rules to make it work are effective. This
standard would also need to specify all market roles, how they interact, and how they
can benefit by doing so. A common standard also reduces the cost to connect different
technologies and projects to the energy system. The USEF, as one example, provides the
key elements required, such as the market description, with specifications, designs and
implementation guidelines; implementation references and knowledge from pilots; and
a range of insights and support tools (e.g., exemplary coding). Other examples of
common standards are also available and under development.
54