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Scirj Volume XII, Issue XI, November 2024 Edition
ISSN: 2201-2796

Product Lifecycle Management in the Field of Green Energy: Product Management Approaches

Maryna Silchenko

Abstract: The article examines the approaches of product management in the process of product lifecycle management in the field of green energy. This, in turn, is due to the growth of the global green energy market, accompanied by stricter environmental requirements, actualized by the need to apply product lifecycle management (PLM) as a strategic tool in the product policy of companies. The main purpose of this study is to identify key product management techniques and approaches aimed at increasing sustainability and environmental responsibility at all stages of the product life cycle, including planning, design, production, operation and disposal. The study analyzes the best practices of market leaders such as Ørsted, Siemens Gamesa and Tesla, who actively use PLM to integrate digital solutions and the principles of a circular economy. The methodology is based on the study of data on the use of digital twin technologies, process automation and eco-design, which reduces the carbon footprint of products, minimizes production costs and increases resource efficiency. The results show that PLM not only supports innovative development, but also contributes to the creation of business models that comply with the principles of sustainable development. Thus, effective product lifecycle management allows companies in the green energy sector to achieve competitive advantages by implementing environmentally friendly technologies and ensuring adaptation to current and future challenges of the global market.

Reference this Paper: Product Lifecycle Management in the Field of Green Energy: Product Management Approaches by Maryna Silchenko published at: "Scientific Research Journal (Scirj), Volume XII, Issue XI, November 2024 Edition, Page 16-21 ".

Search Terms: product lifecycle management, green energy, product management, sustainable development, digitalization, circular economy, ecodesign

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