Challenges and opportunities for improving energy efficiency in SMEs: learnings from seven European projects

Agrawal, Ruchi; Tommasi, Luciano De; Lyons, P.; Zanoni, Simone; Papagiannis, Grigoris K.; Karakosta, C.; Papapostolou, A.; Durand, Antoine; Martínez, Lisana B.; Fragidis, G.; Corbella, M.; Sileni, L.; Neusel, Lisa; Repetto, Maurizio; Mariuzzo, I.; Kakardakos, T.; Güemes, E. Llano

doi:10.1007/s12053-023-10090-z

Cited by 14 publications

(5 citation statements)

References 74 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The most popular research investigations include a wide range of global assessments of renewable energy opportunities and analyses of modern energy technologies which reveal significant opportunities and challenges in the field of energy (Bordin et al 2021;Asim et al 2022;Zhang et al 2023). These form the foundation for the development of sound strategies and decision-making processes at various levels, including policy (Peidong et al 2009;Norberto 2023;Agrawal et al 2023;Tiruye et al 2023) and energy planning (Сhu and Majumdar 2012;Tsangas et al 2023;Laveneziana et al 2023), and investments (Shinwari et. al.…”

Section: Literature Reviewmentioning

confidence: 99%

An analysis of the economic and technological potential of solar-driven generation in renewable energy development

Koval,

Sribna,

Brednyova

et al. 2024

Polityka Energetyczna – Energy Policy Journal

View full text Add to dashboard Cite

The development of solar generation is an integral part of evaluating renewable "green" energy in accordance with the concept of sustainable development. This study focuses on the specifics of the implementation of solar energy in the context of the USA, the EU and China, taken as an object in connection with the specifics of the geographical-territorial and climatic-natural situation. The originality of the research lies in the approach of modelling the implementation of solar power generation with consideration to the main economic, technological, and resource factors. This study 158 aims to assess trends in the development and implementation of regional solar power generation. Solar energy development is performed exclusively at the expense of private investment and state support is minimal. Therefore, the power of installed solar power plants relative to the amount of invested investments shows a high correlation. From the perspective of economic activity, solar energy in the analyzed regions is used by households in small amounts. The highest use of solar energy by households is in the USA, where this indicator is 8.3%, and the lowest is in China (0.13%). The analysis indicates that currently, solar energy is not a priority for developing the energy sector but is only a supplement. Further solar energy development is possible owing to technological innovations that will increase the efficiency of solar radiation use. The analysis also revealed the conclusion that the most powerful use of solar energy appears in China, with a figure of 19.6%, while the US has only 4.04% and the EU has almost 9%. According to the criterion of economic and technological influence on solar energy development, China occupies a leading position (9.89%), whereas the EU has only 0.03%. Thus, solar energy is currently not an attractive area for business and needs to prioritize the development of the EU economy, which is confirmed by insignificant investment flows compared to China and the USA.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

An analysis of the economic and technological potential of solar-driven generation in renewable energy development

Koval,

Sribna,

Brednyova

et al. 2024

Polityka Energetyczna – Energy Policy Journal

View full text Add to dashboard Cite

show abstract

“…The development of BEMS has also been influenced by regulatory drivers and industry standards aimed at promoting energy efficiency and sustainability. Initiatives such as the Energy Performance of Buildings Directive (EPBD) in Europe and programs like ENERGY STAR in the United States have encouraged the adoption of BEMS and incentivized building owners to invest in energy-efficient technologies (Agrawal, et. al., 2023, Kim & Ha, 2021, Leiringer, 2020.…”

Section: History Of Building Energy Management Systemsmentioning

confidence: 99%

A comprehensive review of Building Energy Management Systems (BEMS) for Improved Efficiency

Wags Numoipiri Digitemie,

Ifeanyi Onyedika Ekemezie

2024

World J. Adv. Res. Rev.

View full text Add to dashboard Cite

Building Energy Management Systems (BEMS) play a crucial role in enhancing energy efficiency and sustainability in buildings. This abstract provides a comprehensive review of BEMS, focusing on its components, benefits, challenges, and future trends. BEMS is a centralized system that monitors and controls building services, such as heating, ventilation, air conditioning, lighting, and other systems, to improve energy efficiency and occupant comfort. The key components of BEMS include sensors, controllers, communication networks, and user interfaces. These components work together to collect data on building performance, analyze energy consumption patterns, and optimize system operation. One of the primary benefits of BEMS is its ability to reduce energy consumption and costs. By monitoring and controlling building systems based on occupancy schedules and environmental conditions, BEMS can significantly reduce energy waste. Additionally, BEMS can improve occupant comfort and productivity by maintaining optimal indoor environmental conditions. Despite its benefits, BEMS faces several challenges, including high upfront costs, complexity of installation, and integration issues with existing building systems. However, advancements in technology, such as the Internet of Things (IoT) and cloud computing, are addressing these challenges and making BEMS more accessible and cost-effective. Looking ahead, the future of BEMS is promising, with continued advancements in technology driving its adoption and integration into smart building systems. The integration of artificial intelligence and machine learning algorithms into BEMS is expected to further improve its energy-saving capabilities and enhance building performance. In conclusion, BEMS is a key technology for improving energy efficiency and sustainability in buildings. By leveraging its components and capabilities, BEMS can help reduce energy consumption, lower costs, and create healthier and more comfortable indoor environments.

show abstract

“…A significant impact Poland, especially large, manufacturing, commercial, construction and transport enterprises [4][5][6][7][8] Significant reduction in profits European companies in many manufacturing sectors [9] Negative impact on business profitability Pakistan [10] Possible energy savings in manufacturing companies: 10-40% [11,12] Profit margins in SMEs-5% Iceland [13] High potential for improving energy efficiency in SMEs [14,15] Benefits for the environment [16] For example, according to Ferriani and Gazzani [9], the increase in energy costs caused by the war in Ukraine significantly reduces the profits of European companies and increases business risk, and even threatens entire production sectors. In Pakistan, rising energy prices have a negative impact on business profitability [10].…”

Section: Industries and Countries Sourcementioning

confidence: 99%

“…It is estimated that the possible energy savings in production companies in different companies may vary [12,13], which together with low profit margins has a large impact on profitability. For example, in Iceland, SME profit margins are estimated to be 5%, and therefore energy savings and related cost savings can be significant [14]. In small and medium-sized enterprises, the potential for improving energy efficiency is even greater than in large companies, due to the state of the art in the field of energy efficiency [15].…”

Section: Industries and Countries Sourcementioning

confidence: 99%

The Impact of Energy Consumption Costs on the Profitability of Production Companies in Poland in the Context of the Energy Crisis

Milewska,

Milewski

2023

Energies

View full text Add to dashboard Cite

The paper presents the results of the authors’ research on the share of energy costs in revenues and their impact on the profitability of companies. This research was inspired by a large increase in energy prices in 2022. The authors analyzed the shares of energy consumption costs in production companies from various industries, using various sources: scientific literature, expert studies, and statistical data. Based on the results of these analyses, the authors simulated the impact of changes in energy prices on the profitability of companies. The research results are as follows: according to the authors, the share of these costs in the value of sales is much lower (several percent) than presented in various literature sources (a dozen or so, and even up to 30% in some cases). Despite this, however, the change in energy prices should significantly reduce profitability according to the simulations conducted by the authors. However, the financial reports analyzed by the authors show that profitability in many cases not only did not deteriorate, but revenues and profits increased in a large number of companies. In many cases, this can be explained by the actions taken by companies to reduce energy consumption costs and by increases in product prices. The authors’ research also shows that if factors such as the specificity of the industry or the size of the company have an impact on energy efficiency, it is only to a small extent. The share of energy costs in sales and financial results, even within a given industry and in companies of similar size, varies greatly. The authors therefore believe that the effectiveness of the management of a given company has the greatest impact. Therefore, the results of the analysis differ significantly from the results of studies presented in the literature. Energy consumption data were analyzed using various literature sources from different countries. However, the main analyses conducted by the authors focused on Poland.

show abstract

Challenges and opportunities for improving energy efficiency in SMEs: learnings from seven European projects

Cited by 14 publications

References 74 publications

An analysis of the economic and technological potential of solar-driven generation in renewable energy development

An analysis of the economic and technological potential of solar-driven generation in renewable energy development

A comprehensive review of Building Energy Management Systems (BEMS) for Improved Efficiency

The Impact of Energy Consumption Costs on the Profitability of Production Companies in Poland in the Context of the Energy Crisis

Contact Info

Product

Resources

About