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Industry 4.0 Driven Result-oriented PSS: An Assessment in the Energy Management

Author

Listed:
  • Claudio Sassanelli

    (Department of Mechanics, Mathematics and Management, Politecnico di Bari, Via Orabona, 4, 70125, Bari, Italy)

  • Tiziano Arriga

    (Evogy Srl, Seriate (BS), 24068, Italy)

  • Stefano Zanin

    (Evogy Srl, Seriate (BS), 24068, Italy)

  • Idiano D'Adamo

    (Department of Computer, Control and Management Engineering, Sapienza University of Rome, Via Ariosto 25, 00185 Rome, Italy.)

  • Sergio Terzi

    (Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Piazza Leonardo da Vinci 32, 20133 Milan, Italy)

Abstract

In the context of the EU development strategy based on a climate neutral economy by 2050, an important dilemma for policy makers is how to provide an incentive for companies, especially small and medium-sized enterprises (SMEs), to make energy efficiency and renewable energy projects their high priority. The aim of this paper is to provide an independent empirical assessment of EU financial instruments and its barriers, used by SMEs targeting energy efficiency and renewable energy. Ex-Ante evaluation was carried out on a sample of 320 SMEs in Istria County, Croatia. The results of the empirical research suggest that despite of a low interest of investors in green projects, the use of the innovative financial instrument would significantly contribute to an increase in the number and value of investments in energy efficiency and renewables. Similar to most of other studies, our results also confirmed that administrative and bureaucratic barriers are perceived as the biggest obstacle for SMEs. It is therefore necessary to reduce the number of bodies involved, improve the quality of information dissemination and simplify procedures.

Suggested Citation

  • Claudio Sassanelli & Tiziano Arriga & Stefano Zanin & Idiano D'Adamo & Sergio Terzi, 2022. "Industry 4.0 Driven Result-oriented PSS: An Assessment in the Energy Management," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 186-203, July.
    • Handle: RePEc:eco:journ2:2022-04-23
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    More about this item

    Keywords

    Product-Service Systems; Cyber-Physical System; Energy management; Smart Building; result-oriented PSS; Industry 4.0;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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