The potential of industry 4.0 for renewable energy and materials development – The case of multinational energy companies

Abstract

The study's primary objective is to identify the implications of Industry 4.0 (I4.0) implementation for renewable energy management and materials development. The study aims to establish a new perspective that promotes adopting emerging clean energy technologies. The study adopts a transdisciplinary approach and critical synthesis of existing literature. Thematic analysis and inferences from three case illustrations are used to gain insights into the value and strategies of I4.0 implementation for achieving a sustainable and low-carbon future. The literature review on I 4.0 provides a deeper understanding of its concepts and potential benefits. The study highlights the improved efficiency, productivity, and sustainability that I4.0 technologies, such as IoT, AI, and advanced manufacturing, can bring to various industries. The study's findings have significant implications for the practical implementation of I4.0. By cohesively identifying and addressing economic, regulatory, and technical obstacles, I4.0 can be effectively implemented for renewable energy and materials development. The study is a valuable reference for students, researchers, scholars, and practitioners. It may guide the design and implementation of I4.0 strategies and supports the transition toward a sustainable and low-carbon future.