The aim of the paper is to assess various business models and how they are established to extract the business activity maximum value within a specific framework. The research is primarily supported by inclusion of the available literature within the field as well as relevant professional and academic publication to enhance currency and relevance to application, as well as identification of trending developments and issues. The research concluded that governments should further promote the commercial aspect of new and renewable energy when developing new technology through fiscal, financial, regulatory and other means. Furthermore, the regulatory environment has massive impact in influencing the various models to be developed and such, incentives are necessary to enable a successful business model implementation and application.