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Entrepreneurial assessment of sustainable development technologies for power energy sector

Author

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  • Andrey Rogalev

    (Moscow Power Engineering Institute, Russian Federation)

  • Ivan Komarov

    (Moscow Power Engineering Institute, Russian Federation)

  • Vladimir Kindra

    (Moscow Power Engineering Institute, Russian Federation)

  • Olga Zlyvko

    (Moscow Power Engineering Institute, Russian Federation)

Abstract

This paper provides a comparative entrepreneurial analysis of modern combined-cycle power generation technologies and future-oriented high-efficiency oxy-fuel combustion cycles with zero emissions. Considering the main criteria for sustainable development, we identify the generation technology that provides the lowest cost of electricity supply and the maximum economic efficiency of investments with equally high environmental indicators. Based on a comprehensive literature review and comparison of the technical and economic parameters of modern and forward-looking generation technologies under different economic conditions, the paper develops and presents the path of increasing the technical level of generation technologies, corresponding to the conditions of sustainable development at each moment of time. Furthermore, the paper analyses the technical and economic characteristics of the combined-cycle technology successfully applied in the world's energy systems and advanced oxy-fuel combustion cycles. In addition, the paper proposes a multifactorial economic-mathematical model that allows to evaluate the performance indicators of any of the considered technologies in accordance with the criteria for sustainable development.

Suggested Citation

  • Andrey Rogalev & Ivan Komarov & Vladimir Kindra & Olga Zlyvko, 2018. "Entrepreneurial assessment of sustainable development technologies for power energy sector," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 429-445, September.
    • Handle: RePEc:ssi:jouesi:v:6:y:2018:i:1:p:429-445
    DOI: 10.9770/jesi.2018.6.1(26)
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    Cited by:

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    2. Elena Vechkinzova & Yelena Petrenko & Yana S. Matkovskaya & Gaukhar Koshebayeva, 2021. "The Dilemma of Long-Term Development of the Electric Power Industry in Kazakhstan," Energies, MDPI, vol. 14(9), pages 1-21, April.
    3. Marcin Rabe & Dalia Streimikiene & Wojciech Drożdż & Yuriy Bilan & Rafal Kasperowicz, 2020. "Sustainable regional energy planning: The case of hydro," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(6), pages 1652-1662, November.
    4. Marcin Rabe & Dalia Streimikiene & Yuriy Bilan, 2020. "Model of Optimization of Wind Energy Production in the Light of Legal Changes in Poland," Energies, MDPI, vol. 13(7), pages 1-15, March.
    5. Marko Milojević & Paweł Nowodziński & Ivica Terzić & Svetlana Danshina, 2021. "Households’ Energy Autonomy: Risks or Benefits for a State?," Energies, MDPI, vol. 14(7), pages 1-16, April.
    6. Paweł Ziemba & Aneta Becker & Jarosław Becker, 2022. "Models and Indices of Sustainability Assessment in the Energy Context," Energies, MDPI, vol. 15(24), pages 1-22, December.
    7. Darya Pyatkina & Tamara Shcherbina & Vadim Samusenkov & Irina Razinkina & Mariusz Sroka, 2021. "Modeling and Management of Power Supply Enterprises’ Cash Flows," Energies, MDPI, vol. 14(4), pages 1-17, February.
    8. Nomeda Dobrovolskienė & Anastasija Pozniak & Manuela Tvaronavičienė, 2021. "Assessment of the Sustainability of a Real Estate Project Using Multi-Criteria Decision Making," Sustainability, MDPI, vol. 13(8), pages 1-19, April.
    9. Mohammad R. Chehabeddine & Mohammad R. Chehabeddine & Manuela TvaronaviÄ ienÄ—, 2020. "Securing regional development," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(1), pages 430-442, March.
    10. Emil Velinov & Yelena Petrenko & Elena Vechkinzova & Igor Denisov & Luis Ochoa Siguencia & Zofia Gródek-Szostak, 2020. "“Leaky Bucket” of Kazakhstan’s Power Grid: Losses and Inefficient Distribution of Electric Power," Energies, MDPI, vol. 13(11), pages 1-19, June.
    11. Youssef Tabsh & Vida Davidavičienė, 2019. "Effects of ICT’s on energy management systems," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 2194-2206, June.
    12. Mihaela Simionescu & Wadim Strielkowski & Manuela Tvaronavičienė, 2020. "Renewable Energy in Final Energy Consumption and Income in the EU-28 Countries," Energies, MDPI, vol. 13(9), pages 1-18, May.
    13. Georgi N. Todorov & Andrey I. Vlasov & Elena E. Volkova & Marina A. Osintseva, 2020. "Sustainability in Local Power Supply Systems of Production Facilities Where There Is the Compensatory Use of Renewable Energy Sources," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 14-23.
    14. Yury Monakov & Alexander Tarasov & Alexander Ivannikov & Alexander Murzintsev & Nikita Shutenko, 2023. "Optimization of Equipment Operation in Power Systems Based on the Use in the Design of Frequency-Dependent Models," Energies, MDPI, vol. 16(18), pages 1-19, September.

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    More about this item

    Keywords

    sustainable development; power industry; greenhouse gas; power generation; economic efficiency; investment;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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