Mannheim Institute for Sustainable Energy Studies (MISES)

The Mannheim Institute for Sustainable Energy Studies (MISES) led by Prof. Stefan Reichelstein, Ph.D. examines the challenges and innovation opportunities that emerge from the transition to a decarbonized energy future. A particular focus of studies conducted by MISES is the cost of alternative decarbonization strategies. The portfolio of our projects covers the major carbon intensive sectors of the economy: power generation, transport and industrial processes. Our team seeks an ongoing dialogue on these topics with external researchers, corporations and policymakers. 

New Research Papers

Recent Publications

Innovations in Corporate Carbon Accounting.

S. Reichelstein (2025). Foundations and Trends in Accounting, 19 (3–4).

This article synthesizes recent innovations by select firms, industry consortia, and academic studies in the field of corporate carbon accounting.

Corporate Carbon Accounting: Current Practices and Opportunities for Research.

G. Glenk (2025). Foundations and Trends in Accounting, 19 (3–4), 1–31.

This paper reviews current practices in corporate carbon accounting, synthezises observations from a financial accounting perspective, and highlights opportunities for future research.

Technoeconomic Decision Support for Second-Life Batteries.

J. Zhuang, A. Bach, B. van Vlijmen, S. Reichelstein, W. Chueh, S. Onori, and S. Benson (2025). Applied Energy, 390, 1–15.

This paper proposes a technoeconomic decision support model to evaluate retired batteries from both technical and economic perspectives. 

A bird's eye view of the industrial estate
Corporate carbon accounting: balance sheets and flow statements.

S. Reichelstein (2024). Review of Accounting Studies 29, 2125–2156.

This paper describes a transactional carbon accounting system which takes the rules of historical cost accounting for operating assets as a template for generating carbon emissions (CE) statements comprising a balance sheet and a flow statement. 

An industrial electrolysis plant labelled ‘Sunfire’ stands between two container walls.
Advances in Power-to-Gas Technologies: Cost and Conversion Efficiency.

G. Glenk, P. Holler, and S. Reichelstein (2023). Energy & Environmental Science, 12, 6058-6070.

This paper provides a comprehensive assessment of the dynamics of system prices and conversion efficiency for three currently prevalent PtG technologies. 

Applications of the Levelized Cost Concept.

A. Bach, M. Blaschke, G. Friedl, L. Kemmer, and S. Reichelstein (2023). Journal of Business Economics, 93, 1125–1148.

This paper describes the role of the levelized cost concept in cost accounting and synthesizes multiple research streams in connection with electricity, energy storage, hydrogen and carbon capture.