2020
DOI: 10.24084/repqj18.268
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Future European energy markets and Industry 4.0 potential in energy transition towards decarbonization

Abstract: Climate change, economic growth and fossil fuel price volatility are forcing governments and thus society to adopt economical and technical measures in the energy sector to reach sustainability. These actions can be seen as opportunities for the stakeholders that form the energy market and also for new actors that may enter as a consequence of the energy transition that is taking place. In this paper, a description of the energy targets and potential market scenarios in Europe is carried out, together with a r… Show more

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Cited by 5 publications
(3 citation statements)
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“…Industry 4.0 technologies can significantly decrease energy usage among prosumers [35]. They enable smart energy management that monitors real-time consumption [36] and adjusts energy usage based on demand [37]. Predictive maintenance [38], utilizing artificial intelligence (AI) [39] and machine learning, helps in scheduling maintenance before breakdowns [40].…”
Section: Active Small Consumers In the Energy Marketmentioning
confidence: 99%
“…Industry 4.0 technologies can significantly decrease energy usage among prosumers [35]. They enable smart energy management that monitors real-time consumption [36] and adjusts energy usage based on demand [37]. Predictive maintenance [38], utilizing artificial intelligence (AI) [39] and machine learning, helps in scheduling maintenance before breakdowns [40].…”
Section: Active Small Consumers In the Energy Marketmentioning
confidence: 99%
“…The ambitious targets set for 2030 (a binding renewable energy target of at least 32% at the EU level) require the spread of renewable energy technologies and faster market penetration. To effectively manage the sporadic characteristics of renewable energy sources, industries must innovate by creating new technologies, constructing new transmission infrastructure, and allocating resources to storage solutions [7][8][9][10]. In addition to further technological development, which is made possible by, among other things, reducing costs and improving performance targets in line with the European Strategic Energy Technology Plan (SET Plan) [11], it is necessary to address a number of nontechnological issues (behavior and awareness) that continue to stand in the way of the large-scale dissemination of RES technology [12,13].…”
Section: Introductionmentioning
confidence: 99%
“…In recent years, many countries have been implementing an "energy transition," i.e., the creation of a decentralized low-carbon energy infrastructure equipped with digital devices [1][2][3]. The model of consumer behavior is also changing.…”
Section: Introductionmentioning
confidence: 99%