Energy security is conditioned by numerous factors, among which solutions and patterns of energy storage play important role. Electrical energy storage (EES) is the process by which energy is stored from the power network to a form which can be used later when converted back to electrical energy. There are various ways by which electrical energy can be stored for future purposes. Nowadays, the electrical energy is mainly stored in pumped hydroelectric energy storage (PHES) that comprises about 99% of EES worldwide and the battery energy storage (BES) that uses chemical energy with both methods yielding characteristic advantages and disadvantages. Electrical energy is mainly stored when there is low demand and when there is high generation of power at low costs. The energy is then used when there is high demand of power and the generation cost is high or when there are no other means of generating electrical energy. Electrical energy storage has many uses such as in the electrical devices, motor vehicles and stationery energy resources and is gaining special attention with the widespread usage of renewable energy sources (RES).
In this paper, we are focusing on the sustainable development of the electrical energy storage. We are drawing a comparison of the advantages and disadvantages of pumped hydroelectric storage and batteries that use chemical energy and assess their implementation based on various scenarios of the future development. We conclude that although HPS is still the more economical option, new advances in BES might alter the energy market and change the rules of the game by fostering the sustainable development through the more effective storage and transportation of electric energy.
The aim of the presented paper is to examine how technology transfer is being approached in the latest scientific literature, and whether interrelations of technology transfer and sustainable development are being elaborated. Clusters in this context are perceived as networks (not necessarily proximate in geographic terms), which serve as technology transmittors. Efficiency of clusters is being addressed. The ultimate aim of the research is to develop framework, which would allow proceeding analysis of links between technology transfer phenomenon and sustainable development process.
Considering lack of benchmarking and observation data, the article analyses issues of technology transfer in Lithuania. Comparison of Lithuanian innovation performance with EU country members is given as well as foreign direct investments in last period. While analysing main technology transfer networks, article explains what problems Lithuanian clusters meet in each model. The main conclusion is that Lithuanian clusters lack experience and investments, also Lithuanian enterprises are mainly small and may not be interested to invest in the development and adoption of technology.
Contemporary attempts to develop securely and sustainably requires new approaches towards driving factors of development, especially related to human behavior. Sustainable entrepreneurship concept becomes topical. For business practitioners and researchers it is associated with the ability to discover new opportunities for self-realization and creation of economic and social value for both consumers and the organization, country, region and the world. Entrepreneurship is a qualitative social feature that includes human abilities to build and develop innovations and business. Each country’s or region’s level of economic development is linked to entrepreneurial competencies of community. Cautious use of scare resources, social responsibility have to become integrated into sustainable entrepreneurship concept. Under such circumstances it is important to identify the key success factors of sustainable entrepreneurial, because promotion of sustainable entrepreneurship is becoming one of the cornerstones of strategy of Europe aimed to become the most competitive economy in the world. Comparing European and USA development potential, one of the main reasons for the backwardness of the EU has been identified lack of entrepreneurship. Scientists investigating the concept of sustainable entrepreneurship and its components expose to the problem, which is more integrated approach that reflects the reality. Therefore paper aims to present the concept of sustainable entrepreneurship formulated taking into account secure and sustainable development context and identify key success factors for sustainable entrepreneurship in the global economy. This paper presents and combined different approaches of scientists exploring the key success factors for sustainable entrepreneurship in the contemporary global economy.
Sustainable development of country economy is being driven by various factors. Economy of each country is comprised of economic sectors. External and internal development drivers differently affect different economic sectors, as a rule. Since economic sectors are not homogeneous, their expanding or contracting depends on behavior of concrete market players; i.e. business companies. The paper aims to reveal factors affecting patterns of development exporting companies attributed to industrial sector and its sub-sectors of Lithuanian economy. Methodology of the investigation is based on development of theoretically grounded questionnaire, targeting revealing factors impacting international competitiveness of industrial companies. Impact of factors, attributed to external business environment, and role of factors attributed to internal development forces are to be indicated. Obtained results, is expected, and would allow to foresee trends and main drivers of further development of exporting Lithuanian industrial sectors.
Sustainable development process is affected by contemporary phenomena. Big Data processing inefficiency is detrimental for banks’ activity excellence. The software used for running and handling the interbank network framework provides services with extremely strict uptime (above 99.98 percent) and quality requirements, thus tools to trace and manage changes as well as metrics to measure process quality are essential. Having conducted a two year long campaign of data collection and activity monitoring it has been possible to analyze a huge amount of process data from which many aggregated indicators were derived, selected and evaluated for providing a managerial dash-board to monitor software development. The paper provides insights about the issues related to Big Data processing inefficiencies. Context of sustainable development is being taken into account.
The presented paper aims to discuss new Lithuania’s in role taking presidency of the EU and to evaluate Lithuania’s development process. State of Lithuanian economy is being presented; aims of further development are identified. The context of other European countries is being taken into account. Authors rely on critical analysis of contemporary scientific literature and comparative statistics. Among driving forces affecting process of economic development investments of foreign origin and increasing level of education are being distinguished. Insights considering a role of the latter driving forces are being offered.
Globalization processes are widely discussed in scientific literature. In our research we adopt an approach, according which globalization; especially in form of inward foreign direct investment (FDI) is one of sources of innovative technologies and proxy of sustainable development of industries and countries’ economies. In order to design efficient government policies in the field of FDI attraction, such globalization drivers have to be revealed and their importance evaluated. In presented paper we raise and verify hypotheses about importance of the following globalization drivers: tax burden, institutional performance and market consumptive capacity. Regression analysis tool, we believe, allows revealing if those drivers are equally important for developed and less developed countries (LDC). Economic interpretation and generalization of obtain results, we believe, would allow indicating if consistent patterns can be traced. If so, more efficient government policies, allowing attract innovative technologies, especially to LDC can be suggested.
Presented paper aims to indicate what types of interrelationships between energy usage patterns prevailing in particular country, economic growth and finally, sustainable development could be distinguished. The topic of paper, or, rather research area, is neither new nor original. Nevertheless, an array of approaches towards character of considered interrelationships can be encountered. Complicity of chosen issue, we reckon, lies in differences of perception of the following questions. Our findings consequently would depend on, at first, how we measure economic growth in short and long terms, the second, how we measure energy security, and, the third, how we benchmark progress towards sustainable development. Methods, which we consider as being applicable for measuring of selected interrelationships, comprise a separate part of scientific elaboration. Therefore we formulate a task to overview the most contemporary measurable perceptions of economic growth, perceptions of energy security facets affecting economic growth and consequent reaction of sustainable development to various scenarios of energy consumption and economic growth. Resulting conclusions about measurement of indicated phenomena and argumentations of their plausible interrelation would lead us to choice of methodological approaches of described interrelations’ analysis.
Security and sustainability conception analysis is being provided in the paper. The conceptions of security and sustainability have been selected due to their significance for contemporary globalized world’s issues. Initially, the perceptions encompassing even ancient times are being elaborated. Onward, with an intention to get a more sophisticated view of above mentioned expressions, relevant scientific literature has been critically reviewed accentuating to the dimensions of those two phenomena. The following common dimensions could be proposed: social, economic, environmental. The implication could be stated - security conception provides not only those three dimensions some other important dimensions could be distinguished as well. One more important finding composes the perception of dimensions interactions to analyzed conceptions. Some important implications are being provided in the paper, which elevate the significance of security to sustainability for today’s globalized society - security can be proposed as expression with ponderable value, while sustainability gains this power only with “sustainable development” phenomenon.