New Technologies and Innovative Solutions in the Development Strategies of Energy Enterprises

Abstract

Energy companies face challenges arising from the ecological, social and legal environment. The reduction of negative impact on the environment and society while maintaining sustainable development affects the formation of new development strategies and push to introduce the state of art innovative technologies. The main aim of the research is to analyze the importance and role of the adaptation strategy to external requirements and to determine the mechanisms of the occurrence of passive and active adaptation. As a new approach to carrying out strategic analysis, two models were used simultaneously (inductive and hypothetical-deductive) which allows for realization qualitative (interviews, observations) and quantitative (statistical analysis) research methods generally called mixed methods. The study was conducted on the basis of mixed-method analysis of adaptations strategies of enterprises from the energy sector. The results of the conducted research show the influence of particular macroeconomic elements (e.g. technologies, ecologies) on making strategic decisions. The issue of adapting an enterprise to its environment is also related to its involvement in the research and development (R&D) sphere. Depending on the size of the company there are different amounts dedicated to R&D. Regulations and the technological environment force innovations of energy companies in the direction of reducing harmful impact on the environment and society. Legal and political factors (both national and EU) determine the activities of power companies (in each group: small, medium and large) and determine the choice of adaptation strategies. The intensity of adaptation to the requirements of the environment changes depends on the size of the company. Power companies apply passive adaptation strategies and as they increase their position on the market, they begin to implement an active adaptation strategy.

Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector

“…For several years, management studies have started to adopt, accept, and apply mixed methods, i.e., two methods at the same time: qualitative and quantitative, represented by the inductive model and the hypothetical-deductive model [5]. In the research works carried out and described in this article, qualitative research was used, carried out using the observation method, and classified as primary research, and descriptive methods were classified as secondary research called desk research.…”

“…The management of enterprises in the energy sector is currently focused on several essential activities, namely the digitization of the sector [1,2] and its development toward zero emissions (decarbonization) and sustainable development [3]. The ability to adapt to the requirements of the legal, ecological, or technological environment allows enterprises to implement new solutions operating on the market in a short time [4,5]. If the enterprise has the ability to react in advance (the so-called anticipatory adaptation [4,5]) and use various flexible processes and integration with high-tech systems, it has the potential to create a digital enterprise.…”

“…The ability to adapt to the requirements of the legal, ecological, or technological environment allows enterprises to implement new solutions operating on the market in a short time [4,5]. If the enterprise has the ability to react in advance (the so-called anticipatory adaptation [4,5]) and use various flexible processes and integration with high-tech systems, it has the potential to create a digital enterprise. Such an enterprise would be based on virtual reality and integrated solutions from the world of automation and robotization.…”

Identification of the woody biomasses in Southwest, Nigeria as potential energy feedstocks in thermal power plants for air pollution control

“…Fossil-fired thermal plants, unlike biomass-fired thermal plants, produce large quantities of Sulphur IV oxide (SO 2 ) and nitrogen oxides (NO x ), the basic deleterious emissions in the acid rain. Acid rain increases the pH of water bodies, and damages the vegetation and seaside biological systems (Elehinafe Francis et al, 2017;Piotr, 2020;Trang et al, 2020). SO 2 and NO x engender particulate formation.…”

Assessment of the contribution of hazardous air pollutants from nigeria’s petroleum refineries to ambient air quality. Part 1

“…Benzene emissions above 100 ton/annum has been considered as highly unfriendly (Sonibare et al, 2007), however, with reasonable available control technology, either destructive or recovery great proportion can be curtailed (Borowski, 2020;Khan & Kr, 2000). Identification of the potential benzene emission sources in the proposed refineries, right from the design stage can play a vital role in choosing the appropriate control technology (Basso et al, 2011;Mirkova et al, 1999).…”