Using Emerging Technologies to Empower SMEs in Adopting Renewable Energy in Rural and Remote Australia: A Systematic Review

Abstract

The transition to renewable energy is imperative for sustainable development, particularly in rural and remote regions where conventional grid connections may be unreliable or absent. Small and Medium Enterprises (SMEs) in rural and remote Australia encounter considerable challenges in embracing renewable energy, such as high initial costs, inadequate infrastructure, and technical knowledge gap. Emerging technologies such as artificial intelligence, Internet of Things, blockchain, machine learning and decentralized energy solutions present promising opportunities to overcome such challenges. This review paper discusses how emerging technologies can assist SMEs in adopting renewable energy by optimizing energy consumption, enhancing grid resilience, and facilitating peer-to-peer energy trading. Furthermore, advancements in battery storage, smart microgrids, and financing models like tokenized green credits can improve accessibility and affordability. By using emerging technologies, SMEs can decrease energy expenses, meet sustainability objectives, and contribute to Australia’s transition to clean energy. This paper examines how modern technologies can be leveraged to promote renewable energy adoption by SMEs in rural and remote regions of Australia, improve operational resilience, and foster sustainable economic growth.