A Hybrid Model to Explore the Barriers to Enterprise Energy Storage System Adoption

James J. H. Liou, Peace Y. L. Liu () and Sun-Weng Huang
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James J. H. Liou: Department of Industrial Engineering and Management, National Taipei University of Technology, Taipei 106344, Taiwan
Peace Y. L. Liu: Department of Industrial Engineering and Management, National Taipei University of Technology, Taipei 106344, Taiwan
Sun-Weng Huang: Department of Industrial Engineering and Management, National Taipei University of Technology, Taipei 106344, Taiwan

Mathematics, 2023, vol. 11, issue 19, 1-21

Abstract: Using green energy is an important way for businesses to achieve their ESG goals and ensure sustainable operations. Currently, however, green energy is not a stable source of power, and this instability poses certain risks to normal business operations and manufacturing processes. The installation of energy storage equipment has become an indispensable accompaniment to facilitating green energy use for an enterprise. However, businesses may encounter significant barriers during the process of installing energy storage equipment. This study aims to explore and discern the key barrier factors that influence the assessment and decision-making process of installing energy storage equipment. A hybrid approach combining the Decision-making and Trial Evaluation Laboratory (DEMATEL) and Interpretive Structural Modeling (ISM) is developed to explore the causality relationships and degrees of influence among these key factors. The Z-number and Rough Dombi Weighted Geometric Averaging (RDWGA) methods are also utilized to integrate the experts’ varied opinions and uncertain judgements. Finally, recommendations are provided based on the results to assist businesses to make informed decisions while evaluating the installation of energy storage equipment, to ensure a stable and uninterrupted supply of green energy for use in normal operations.

Keywords: corporate energy storage system; ESG; sustainability; MCDM; DEMATEL; ISM; RDWGA (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2023
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