Technology Transfer in the Energy Industry: Challenges and Prospects

Yuliana V. Solovieva

Chapter 27 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 321-334 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Examining the technological progress of the energy sector within the framework of creating an innovative economy is becoming increasingly important. This research investigates the characteristics and underlying conditions necessary for the technological advancement of Russia’s energy industry, drawing on the analysis of domestic and international experiences in technology transfer. The author explores various strategies aimed at advancing the national interests of different countries and assesses the distinctive traits and growth patterns of innovative development across various regions, including Europe, Asia, Africa, America, and the Caribbean. Additionally, the research looks into their respective technology transfer initiatives in the energy sector. Through this research, the author identifies the patterns in the advancement of technology within the national energy sector, which is the goal of this research. As the main research method, the author applies a systemic approach and comparative and statistical analysis of indicators of innovative and technological development of countries. In conclusion, the author shows the need for multi-level interaction of all participants in the innovation process at the regional, national, and international levels. Additionally, there is a call to evaluate the regional aspect while considering the country’s economic development stage, the socio-economic and scientific-technological policies in place, and the clearly outlined strategic objectives and pathways for progress.

Keywords: Sustainable Development; Entrepreneurship; Innovation; Technology; Information Management; Organizational Behavior; Industrial Organization; Entrepreneurial Economy; Fifth Industrial Revolution; Cause-and-Effect Relationships; Fourth Industrial Revolution; Digital Technology; Industry 5.0; Operations Management; Operations Research; Supply Chain Management; Fintech; Cryptocurrency; Blockchain; Economics and Finance; Corporate Governance; Technological Environment; National Economy; State Management; Corporate Management; Agro-Industrial Complex 5.0; Fuel and Energy Complex 5.0; BRICS; EAEU; Central Asia; Social Responsibility; Digital Competitiveness; Digital Energy; Entrepreneurial Universities 5.0; Machine Learning; Cyber-Social System; Smart Company; Management of AI; Automatization; Decision-Making in Entrepreneurship; Big Data; Blockchain Finance; Robotisation Of Production; Applied Technological Solutions; Smart City; Local Entrepreneurial Economy; Modernisation; Institutes of Globalisation; E-Government; Innovative Economy; Knowledge Society; BRICS+ (search for similar items in EconPapers)
JEL-codes: L26 O33 Q01 (search for similar items in EconPapers)
Date: 2026
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