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Energy Entrepreneurship in the Emerging New Globalization: A Macro–Meso–Micro Perspective with Evidence from a Less-Developed Regional Ecosystem

Author

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  • Dimos Chatzinikolaou

    (Department of Economics, Democritus University of Thrace, 69100 Komotini, Greece
    Knowledge Management, Innovation and Strategy Center (KISC), University of Nicosia, P.O. Box 24005, Nicosia CY-2417, Cyprus
    School of Business, University of Nicosia, P.O. Box 24005, Nicosia CY-2417, Cyprus)

  • Charis Michael Vlados

    (Department of Economics, Democritus University of Thrace, 69100 Komotini, Greece
    Knowledge Management, Innovation and Strategy Center (KISC), University of Nicosia, P.O. Box 24005, Nicosia CY-2417, Cyprus
    School of Business, University of Nicosia, P.O. Box 24005, Nicosia CY-2417, Cyprus)

Abstract

This study aims to analyze the shifting focus and emerging themes in contemporary energy entrepreneurship research, alongside the challenges and opportunities faced by select energy entrepreneurs in a rapidly transforming global landscape that is driven by sustainability imperatives, resilience, and systemic energy transitions. Employing a semi-systematic and critical literature review, 238 relevant scientific articles from the Web of Science database were identified and analyzed. We then conducted focused case studies of energy entrepreneurs in a less-developed regional ecosystem. The findings reveal two distinct “generations” of energy entrepreneurship research, marked by a clear shift towards sustainability themes, innovative energy business models, and corporate responsibility. Additionally, we introduce the “Energy Innovation Scorecard” (EN.I.SCORE) framework—a comprehensive macro–meso–micro guideline designed to support energy entrepreneurs. Applying this framework to a sample of 89 surveyed and 8 interviewed firms reveals that, especially among microfirms, there is weak integration of strategy–technology–management, limited energy innovation, and poor financial performance prevail—challenges typical of underdeveloped ecosystems. By examining the origins, evolution, and holistic transformation of energy entrepreneurship, and by investigating the selected regional case, this research potentially helps bridge critical gaps in understanding the dynamics of this field.

Suggested Citation

  • Dimos Chatzinikolaou & Charis Michael Vlados, 2025. "Energy Entrepreneurship in the Emerging New Globalization: A Macro–Meso–Micro Perspective with Evidence from a Less-Developed Regional Ecosystem," Energies, MDPI, vol. 18(6), pages 1-30, March.
    • Handle: RePEc:gam:jeners:v:18:y:2025:i:6:p:1323-:d:1607613
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    References listed on IDEAS

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