Conceptual Foundations of Innovative Development of National Economy in the Context of Technological Ways and Power Innovations

The relevance of the study is conditioned by changing approaches to the development of the national economy based on energy innovation in the context of aspects of greening the economy, energy independence, energy conservation and synergy of innovation. The purpose of this study is to develop a conceptual model of innovative development of the national economy in the energy sector in the context of established trends of increasing energy consumption. The study was conducted in two stages based on a systematic approach involving general scientific theoretical methods, namely analysis, synthesis, systematisation, generalisation, and structural method. The paper substantiates the need to study innovative national economic development within the energy sector based on the works of foreign scientists. The study considered the main approaches to the definition of the term “innovation” in the context of economic space, including process-oriented and functionally effective ones. The paper established the relationship between the stages of the life cycle of innovation and the development level of the national economy. The study also provides the characteristic of change of technological ways of social and economic relations within the limits of historical retrospect. The structural and functional features of the category “development” are determined in order to study the conceptual foundations of innovative development of the national economy. The study highlights the main models of innovative development in world practice. The author identified the specific features the basic concepts of innovative development of the national economy in the energy sector, including “cluster concept”, “alternative energy”, “Smart Grid”, “concept of sustainable development”, based on which the author created the conceptual model for the innovative economic development in the energy sector. Prospects for further research involve the study of the practical application of the model created for the innovative economic development in the energy sector.