Journal Press India®

International Journal of Management Issues and Research
Vol 13 , Issue 2 , July - December 2024 | Pages: 91-102 | Research Paper

The Role of Digitalization in the Energy Transition: Towards Renewable and Decentralized Systems

Author Details ( * ) denotes Corresponding author

1. * Nikita Bhati, Research Scholar, Department of Management, Sharda University, Greater Noida, Uttar Pradesh, India (bhatinikita07@gmail.com)
2. Ruchi Jain Garg, Professor and HoD, Management, Sharda University, Greater Noida, Uttar Pradesh, India (ruchi.jain@sharda.ac.in)
3. Eshita Gupta, Research Scholar, Management, Sharda University, Greater Noida, Uttar Pradesh, India (eshitagupta020@gmail.com)

This research paper finds that worldwide digitalisation is a key enabler of a transition to renewable energy and decentralised energy systems. Digitalization, defined as the adaptation of advanced digital technologies into previously non-digital practices also comes to be a pillar of sustainability, digitalization is becoming a key aspect of sustainable development, especially in the energy sector. The integration of digital technologies like blockchain, artificial intelligence, and Internet of Things (IoT) to big data analytics is reshaping the energy landscape with sustainability, efficiency, and resiliency. The paper explores the theoretical frameworks underpinning this digital transformation, such as socio-technical systems theory and the technological innovation system (TIS) framework. With the help of these frameworks, the paper discusses how digitalization influences not only the technical aspects of energy management but also drives new economic models and regulatory approaches. Moreover, this paper discusses the theoretical frameworks supporting this transition and highlights the social, economic, and environmental implications of a digitalized energy future.

Keywords

Digitalization; Sustainability; Renewable energy; Digital technologies; Energy transition

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