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

Author

Listed:
  • 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
    Graduate Institute of Urban Planning, College of Public Affairs, National Taipei University, New Taipei City 237303, Taiwan
    Department of Marketing and Logistics, China University of Technology, Taipei 11695, Taiwan
    School of Economics and Management, Sanming University, Sanming 365004, China)

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.

Suggested Citation

  • James J. H. Liou & Peace Y. L. Liu & Sun-Weng Huang, 2023. "A Hybrid Model to Explore the Barriers to Enterprise Energy Storage System Adoption," Mathematics, MDPI, vol. 11(19), pages 1-21, October.
    • Handle: RePEc:gam:jmathe:v:11:y:2023:i:19:p:4223-:d:1256379
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    References listed on IDEAS

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