Green digitalization in the electric power industry

Abstract

The lasting world economic downturn due to COVID-19 pandemic allows decision-makers and societies to re-think the economic growth basis and drivers, laying the foundation for sustainable development. Green economic recovery takes place with the leading role of the energy industry. The paper focuses on the application and desired effects of green digital technologies in the electric power industry in ten countries — the largest electricity producers and consumers. The study in designed in the frame of the sectoral innovation systems concept. The research tasks were addressed, first, through horizon scanning (the analysis of research and analytical publica-tions). Second, green digitalization indicators for the electric power industry in the selected countries were identified with the use of statistical and other available reliable data and compared. Third, a comparative analysis of national strategic documents was performed, along with corporate tasks and indicators that reflect digital transformation at mi-cro level. As a result of the study key trends and three models of green digitalization at national level were identified, the prerequisites and potential social and economic effects of these technologies application in electric power industry.