Title: The role of digitalisation in ESCO service models : application of blockchain technology in Serbian market for energy efficiency
Language: English
Authors: Medak, Stefan 
Qualification level: Diploma
Advisor: Steinberger, Thomas 
Issue Date: 2021
Medak, S. (2021). The role of digitalisation in ESCO service models : application of blockchain technology in Serbian market for energy efficiency [Master Thesis, Technische Universität Wien]. reposiTUm. https://doi.org/10.34726/hss.2021.90573
Number of Pages: 66
Qualification level: Diploma
A transition is happening within the energy sector from traditionally centralised, analogue fossil fuel based systems to a new concept of decarbonisation, decentralisation and digitalisation (the 3Ds). The energy sector is struggling with the integration of distributed renewable energy sources, and the development of new technologies will dictate the extent to which the transition will be possible. So called distributed ledger technology - blockchain is seen as one of the solutions to enhance the energy transition. The key sectors where strategic changes have to be made in order to reach the Paris Agreement objectives are energy and energy efficiency, where Energy Services Company (ESCO) model as a financing mechanism could play a crucial role. Around 50 % of final energy consumption in Southeast Europe is attributed to the consumption in buildings. It is estimated that energy savings from 20 % to 40 % could be achieved only by improving energy efficiency in that sector. An overall digital upgrade could contribute with additional 15-25 %.The purpose of this thesis is to validate whether blockchain technology could support the implementation of energy conservation measures through ESCO business models in the Serbian market for energy efficiency. A theoretical decision framework is proposed to test the concept of energy performance contracting supported by blockchain. Secondly, the thesis analyses the main barriers in deploying ESCO financing in Serbia to meet the national goals of increased energy efficiency.
Keywords: blockchain; ESCO; energy efficiency; Serbia; transaction cost
URI: https://doi.org/10.34726/hss.2021.90573
DOI: 10.34726/hss.2021.90573
Library ID: AC16199842
Organisation: E017 - TU Wien Academy 
Publication Type: Thesis
Appears in Collections:Thesis

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