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Leveraging IoT for Industrial Energy Productivity: Evidence from European Firms

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  • Claeys, Peter
  • Gómez-Bengoechea, Gonzalo
  • Jung, Juan
  • Van Der Wielen, Wouter
  • Weiss, Christoph

Abstract

This article analyzes if the Internet of Things (IoT) can contribute to increasing energy productivity across firms that adopt this technology. The empirical analysis is based on a sample of more than 8,000 firms from various sectors across 26 European countries, surveyed by the European Investment Bank across the years 2022 and 2023. Methodologically, we combine two-way fixed-effects models (TWFE), differences-in-differences and matching methods. Our results indicate significant effects of IoT on energy productivity, although these effects seem to be concentrated among manufacturing/construction sectors and medium/big firms only. Our findings suggest that digital technologies such as IoT can potentially play a key role in energy transitions toward more sustainable economies.

Suggested Citation

  • Claeys, Peter & Gómez-Bengoechea, Gonzalo & Jung, Juan & Van Der Wielen, Wouter & Weiss, Christoph, 2025. "Leveraging IoT for Industrial Energy Productivity: Evidence from European Firms," 33rd European Regional ITS Conference, Edinburgh, 2025: Digital innovation and transformation in uncertain times 331263, International Telecommunications Society (ITS).
    • Handle: RePEc:zbw:itse25:331263
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