Schriftenreihe/Nr.:
ITS 33rd European Conference 2025: "Digital innovation and transformation in uncertain times", Edinburgh, UK, 29th June – 1st July 2025
Zusammenfassung:
This article analyzes if the Internet of Things (IoT) can contribute to increasing energy productivity across firms that adopt this technology. The empirical analysis is based on a sample of more than 8,000 firms from various sectors across 26 European countries, surveyed by the European Investment Bank across the years 2022 and 2023. Methodologically, we combine two-way fixed-effects models (TWFE), differences-in-differences and matching methods. Our results indicate significant effects of IoT on energy productivity, although these effects seem to be concentrated among manufacturing/construction sectors and medium/big firms only. Our findings suggest that digital technologies such as IoT can potentially play a key role in energy transitions toward more sustainable economies.