This research found a meeting point where, through the feasible concept of LiFePO4 batteries in condominiums, the societal, environmental, and economic pillars can all be developed simultaneously. Maslow’s theory was used to conclude that this battery creates values contributing to the societal pillar as citizens can focus on fulfilling Social needs leading to social cohesion. The Carbon footprint was used to understand environmental impacts that are reduced, expressing environmental value through the reduction of the countries Carbon footprint with 143,7 kgCO2e and, therefore, contributing to the environmental pillar. The relationship captured in the Energy-GDP equilibrium and the use of a Value Proposition and Triple Layered Business Model helped to understand how stable electricity will stimulate the economic pillar, including international fund flows, PPP project approach, and over $300 thousand annual financial savings through risk reduction. A Multi-Criteria Analysis proved that a LiFePO4 battery is most suitable in condominiums compared to a lead-acid and gravity battery. Finally, zooming out assisted to understand that the rate at which condominiums are built, including basic services, is crucial. Without a perspective, unsatisfied citizens can easily cause society to collapse and stop the country from further developing in all sectors all at once. This will also make all the potential values connected to energy storage in condominiums insignificant. This all contributed to answering the main question: ‘To what extent can the implementation of sustainable energy storage create value within the condominiums of Addis Ababa?’
The delivered canvasses can directly stimulate social-oriented, environmental-oriented, and economic- oriented businesses to develop these storage units. As the interdisciplinary nature of this research connected these layers, it can spark the opportunity for further in-depth research per sector. This further research can help validate the ripple effect stable electricity has on a developing country.
Author: Eva IJzermans