A TWO-SIDED BUSINESS MODEL FOR IMPROVING SUSTAINABLE ECO-DEVELOPMENT OF TERRITORIAL-ADMINISTRATIVE UNITS

• Date: 2025
• Main Authors: Yevtukhova, T., Novoseltsev , O., Kuznietsov , M., Karpenko , D.
• Format: Article
• Language: English
• Published: Institute of Renewable Energy National Academy of Sciences of Ukraine 2025
• Subjects: renewable energy; energy efficiency; energy sustainability; energy services market; business model; case study.
• Online Access: https://ve.org.ua/index.php/journal/article/view/578
• Journal Title: Vidnovluvana energetika

This study introduces a holistic approach to enhance the efficiency, speed, and scope of energy efficiency and sustainability investment initiatives aimed at reducing greenhouse gas emissions. By facilitating closer interaction between investment project coordinating centers (integrators) and initiators, such as companies and organizations, at all stages of renewable energy service projects development and implementation, the approach allows to optimize their cooperation. Energy service companies (ESCOs) typically execute these functions. A methodological platform for implementing the approach using a formalized simulation model and an algorithm to optimize coordination among centers, participants, implementers, and investors was developed. The model, grounded in Bellman’s principle of optimality, formalizes project selection through iterative procedures constrained by technical and economic conditions of renewable energy. The methodology enables testing strategies that enhance resource redistribution to maximize renewable-based project outcomes. The study results demonstrate significant impact; for example, improving the efficiency of the pilot project from 0.7 to 0.8 increases energy savings by a factor of 1.7, opening up new opportunities to enhance the sustainable benefits of renewable energy.