Energy Efficiency Improvement in the Interface between Industry and Its Service Providers

L. Sivill; J. Federley; I. Hippinen; Jussi Manninen; P. Ahtila

doi:10.3303/CET102100155

Energy Efficiency Improvement in the Interface between Industry and Its Service Providers

L. Sivill, J. Federley, I. Hippinen, Jussi Manninen, P. Ahtila

Aalto University

Research output: Contribution to journal › Article › Scientific › peer-review

2 Citations (Scopus)

Abstract

This paper focuses on the interface between industry and its service providers in Finland to describe the current situation of barriers to energy efficiency improvement. The paper is based on empirical data from two interview studies carried out in industry and its equipment, systems and service providers. The results indicate an increasing interest in energy efficiency. The most important barriers to energy efficiency improvement are related to principal agent problems, i.e. incomplete information and information asymmetry in carrying out energy analyses and energy efficiency investment projects. These problems may be overcome by investing in energy performance measurement and building a more analytic and discussion-oriented investment project culture.

Original language	English
Pages (from-to)	325-330
Journal	Chemical Engineering Transactions
Volume	21
DOIs	https://doi.org/10.3303/CET102100155
Publication status	Published - 2010
MoE publication type	A1 Journal article-refereed
Event	13th International Conference on Process Integration, Modelling and Optimisation for Energy Saving and Pollution Reduction, PRES 2010 - Prague, Czech Republic Duration: 28 Aug 2010 → 1 Sept 2010 Conference number: 13

Keywords

energy efficiency
investments

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.3303/CET102100155

Cite this

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title = "Energy Efficiency Improvement in the Interface between Industry and Its Service Providers",

abstract = "This paper focuses on the interface between industry and its service providers in Finland to describe the current situation of barriers to energy efficiency improvement. The paper is based on empirical data from two interview studies carried out in industry and its equipment, systems and service providers. The results indicate an increasing interest in energy efficiency. The most important barriers to energy efficiency improvement are related to principal agent problems, i.e. incomplete information and information asymmetry in carrying out energy analyses and energy efficiency investment projects. These problems may be overcome by investing in energy performance measurement and building a more analytic and discussion-oriented investment project culture.",

keywords = "energy efficiency, investments",

author = "L. Sivill and J. Federley and I. Hippinen and Jussi Manninen and P. Ahtila",

note = "Project code: 24587; 13th International Conference on Process Integration, Modelling and Optimisation for Energy Saving and Pollution Reduction, PRES 2010, PRES 2010 ; Conference date: 28-08-2010 Through 01-09-2010",

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T1 - Energy Efficiency Improvement in the Interface between Industry and Its Service Providers

AU - Sivill, L.

AU - Federley, J.

AU - Hippinen, I.

AU - Manninen, Jussi

AU - Ahtila, P.

N1 - Conference code: 13

PY - 2010

Y1 - 2010

N2 - This paper focuses on the interface between industry and its service providers in Finland to describe the current situation of barriers to energy efficiency improvement. The paper is based on empirical data from two interview studies carried out in industry and its equipment, systems and service providers. The results indicate an increasing interest in energy efficiency. The most important barriers to energy efficiency improvement are related to principal agent problems, i.e. incomplete information and information asymmetry in carrying out energy analyses and energy efficiency investment projects. These problems may be overcome by investing in energy performance measurement and building a more analytic and discussion-oriented investment project culture.

AB - This paper focuses on the interface between industry and its service providers in Finland to describe the current situation of barriers to energy efficiency improvement. The paper is based on empirical data from two interview studies carried out in industry and its equipment, systems and service providers. The results indicate an increasing interest in energy efficiency. The most important barriers to energy efficiency improvement are related to principal agent problems, i.e. incomplete information and information asymmetry in carrying out energy analyses and energy efficiency investment projects. These problems may be overcome by investing in energy performance measurement and building a more analytic and discussion-oriented investment project culture.

KW - energy efficiency

KW - investments

U2 - 10.3303/CET102100155

DO - 10.3303/CET102100155

M3 - Article

SN - 1974-9791

VL - 21

SP - 325

EP - 330

JO - Chemical Engineering Transactions

JF - Chemical Engineering Transactions

T2 - 13th International Conference on Process Integration, Modelling and Optimisation for Energy Saving and Pollution Reduction, PRES 2010

Y2 - 28 August 2010 through 1 September 2010

ER -

Energy Efficiency Improvement in the Interface between Industry and Its Service Providers

Abstract

Keywords

UN SDGs

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