Anticipating joint value creation in a local energy transformation project

Abstract

In public-private innovation projects that aim to address societal problems like climate change, inequality, and poverty in local contexts, project members have to work towards realizing envisioned possible futures from within existing institutional constraints (Bos-de Vos et al., 2022; Ika & Munro, 2022; Winch & Maytorena-Sanchez, 2020). Project members represent both public and private organizations, often from different sectors. As such, they bring in various – often competing – interests and hold different beliefs about what is important for the future (Martinsuo, 2020). Regardless, they need to jointly create future value with their project for many stakeholders, including stakeholders that are responsible for the project (e.g., project partners from industry, academia and/or government), stakeholders that are interested in the project (e.g., local governments, local businesses), and stakeholders that are impacted by the project (e.g., the local physical and natural environment, residents). […]