In the 21st century, it is becoming increasingly clear that human activities and the activities of enterprises affect the environment. Therefore, it is important to learn about the methods in which companies minimize the negative effects of their activities. The article presents the steps taken and innovative actions carried out by enterprises in the energy sector. The article analyzes innovative activities undertaken and implemented by enterprises from the energy sector. The relationships between innovative strategies, including, inter alia, digitization, and Industry 4.0 solutions, in the development of companies and the achieved results concerning sustainable development and environmental impact. Digitization has far exceeded traditional productivity improvement ranges of 3–5% per year, with a clear cost improvement potential of well above 25%. Enterprises on a large scale make attempts to increase energy efficiency by implementing the state-of-the-art innovative technical and technological solutions, which increase reliability and durability (material and mechanical engineering). Digitization of energy companies allows them to reduce operating costs and increases efficiency. With digital advances, the useful life of an energy plant can be increased up to 30%. Advanced technologies, blockchain, and the use of intelligent networks enables the activation of prosumers in the electricity market. Reducing energy consumption in industry and at the same time increasing energy efficiency for which the European Union is fighting in the clean air package for all Europeans have a positive impact on environmental protection, sustainable development, and the implementation of the decarbonization program.

The energy crisis that emerged as a result of the reduction in gas supplies from Russia is very topical and very important. This crisis affects not only Europe but also other world economies. As a result of Russia’s attack on Ukraine and the sanctions imposed on Russia, there was a drastic drop in Russian gas supplies, which triggered an increase in fuel prices and an energy crisis. In order to reduce the risk of insufficient gas supplies, European countries have decided to reuse coal and fossil fuels. This is the opposite direction to decarbonization and a zero-carbon economy. The undertaken research is unique, because the issue of slowing down the direction of decarbonization and returning to fossil fuels has not yet been extensively studied. Therefore, the analysis and research results are new in this area. The European project of green energy production from renewable energy sources that has been implemented so far, which aims to accelerate the implementation of a zero-emission economy, may be slowed down. Moreover, the return to fossil fuels will have a negative impact on climate change. The sharp increase in energy prices and the unexpected growth in the profits of energy companies meant that the European Commission introduced a limit on the revenues of enterprises in the energy sector. Surplus income is to be transferred to other entities to offset the drastic increase in energy prices. The conducted analysis showed how the European Union will try to ensure energy security and what the current actions related to climate protection and moving toward an environmentally friendly economy will be.

This study investigates the use of bamboo in different industrial sectors, including construction and energy, to highlight its mechanical properties, resources, and innovative use through information gathered from Ethiopia, Guinea, and Georgia (Caucasus) as study cases. Research shows that bamboo is a common plant and an easily accessible material possessing remarkable characteristics for different applications in different countries. The main goal of this study is to highlight the properties of bamboo that make it an interesting material with applications in several economic branches as a green material positively influencing the environment. The results of this study show a utilitarian use of bamboo in industries where production is based on bamboo or bamboo-related materials and wide possibilities for using bamboo in innovative and creative ways. Bamboo’s mechanical and physicochemical properties are discussed as well as its potential as a raw material for use in composites or for the production and processing of semi-finished products and parts of end devices, all with a view to its positive environmental impact.

One of the many barriers to decarbonization and decentralization of the energy sector in developing countries is the economic uncertainty. As such, this study scrutinizes economics of three grid-independent hybrid renewable-based systems proposed to co-generate electricity and heat for a small-scale load. Accordingly, the under-study systems are simulated and optimized with the aid of HOMER Pro software. Here, a 20-year average value of discount and inflation rates is deemed a benchmark case. The techno-economic-environmental and reliability results suggest a standalone solar/wind/electrolyzer/hydrogen-based fuel cell integrated with a hydrogen-based boiler system is the best alternative. Moreover, to ascertain the impact of economic uncertainty on optimal unit sizing of the nominated model, the fluctuations of the nominal discount rate and inflation, respectively, constitute within the range of 15–20% and 10–26%. The findings of economic uncertainty analysis imply that total net present cost (TNPC) fluctuates around the benchmark value symmetrically between $478,704 and $814,905. Levelized energy cost varies from an amount 69% less than the benchmark value up to two-fold of that. Furthermore, photovoltaic (PV) optimal size starts from a value 23% less than the benchmark case and rises up to 55% more. The corresponding figures for wind turbine (WT) are, respectively, 21% and 29%. Eventually, several practical policies are introduced to cope with economic uncertainty.

This study investigates the techno-economic feasibility of an off-grid integrated solar/wind/hydrokinetic plant to co-generate electricity and hydrogen for a remote micro-community. In addition to the techno-economic viability assessment of the proposed system via HOMER (hybrid optimization of multiple energy resources), a sensitivity analysis is conducted to ascertain the impact of ±10% fluctuations in wind speed, solar radiation, temperature, and water velocity on annual electric production, unmet electricity load, LCOE (levelized cost of electricity), and NPC (net present cost). For this, a far-off village with 15 households is selected as the case study. The results reveal that the NPC, LCOE, and LCOH (levelized cost of hydrogen) of the system are equal to $333,074, 0.1155 $/kWh, and 4.59 $/kg, respectively. Technical analysis indicates that the PV system with the rated capacity of 40 kW accounts for 43.7% of total electricity generation. This portion for the wind turbine and the hydrokinetic turbine with nominal capacities of 10 kW and 20 kW equates to 23.6% and 32.6%, respectively. Finally, the results of sensitivity assessment show that among the four variables only a +10% fluctuation in water velocity causes a 20% decline in NPC and LCOE.

Along with economic development and development of power systems, new, more effective models of the energy market are sought. Traditional zonal models used on the electricity market have proved to be poorly adapted to new circumstances and phenomena occurring in the macroeconomic environment. The main aim of the research was to show the direction (including the nodal model and prosumer behavior) in which the energy market should develop in order to meet the state-of-the-art technical, ecological and social challenges. Therefore, with the new challenges, a new chapter has opened up on very interesting research for the electrical industry. There are new solutions for the development and modernization of models from the point of view of management and econometrics of the energy market, adapted to new challenges related to ecology, technology, and competition. This article presents the zone model with its imperfections and suggestions for its improvement and proposes a nodal model that may in the near future become a new model for the functioning of the electricity market in Europe.