Open Source follows the simple principle of jointly working on a topic which will be available to the public.
Open Source is widely applied across many industries, with the most prominent being Software.
The benefits of open source in the context of LF energy CoMPAS are:
-Increased use-case robustness, due to multiple roles, companies and perspectives defining them
-Reduced cost, due to work load being shared among the community& lowering market entry barriers for new vendors
-Larger user base, because the specification is modular and applicable to markets world-wide
-Increases attractiveness, due to applicability of larger economy of scales
-Enables eco-system, of additional devices and applications
-Always up-to-date, lessons learned from all parties are published and thereby continuously update the specification