Main aspects of innovation management in the energy sector

¹ Head of Department of Business Administration, Irbid National University, Irbid, Jordan
² Department of Entrepreneurship, Irbid National University, Irbid, Jordan
³ Researcher Mutah University Alkarak, Mutah, Jordan
⁴ Al-Zaytoonah University of Jordan, E-Marketing Department, Faculty of Business, Amman, Jordan

^* Corresponding author: H.awawdeh@inu.edu.jo

Abstract

The study is aimed at identifying the main aspects of innovation management in the energy sector. The need for research is determined by the demand for the development of the global energy sector to implement strategies for sustainable development of countries and ensure energy security. It is argued that the intensity of innovation has affected all areas of activity, including energy. Key aspects of innovation management in the energy sector are identified. Modern innovative technologies of energy saving, wireless energy transmission, and the development of renewable energy sources are classified. The role of technology companies in the implementation of innovations in the energy sector to optimize existing processes and approaches to energy generation is emphasized. The most effective innovative technologies in the energy sector have been identified: innovative energy storage; artificial intelligence in microgrids; Blockchain and renewable energy sources in the context of innovation. The need for innovation to increase efficiency and optimize processes in modern companies is brought to light. The main results of the study are characterized by the fact that the main aspects of innovation management in the energy sector are identified, which applied in practice when developing strategy for the long-term development of the energy sector.