2016
DOI: 10.2139/ssrn.2791509
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From Fossil Fuels to Renewables: The Role of Electricity Storage

Abstract: We analyze the role of electricity storage for technological innovations in electricity generation. We propose a directed technological change model of the electricity sector, where innovative firms develop better electricity storage solutions, which affect not only the relative competitiveness between renewable and nonrenewable electricity sources but also the ease with which they can be substituted. Using a global firm-level data set of electricity patents from 1963 to 2011, we empirically analyze the determ… Show more

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Cited by 8 publications
(6 citation statements)
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References 27 publications
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“…Soft and systemic policies have a smaller and less robust positive effect on innovation. Lazkano et al (2017) apply Aghion et al's (2016) empirical strategy to energy storage innovation, including its interaction with renewable and efficiency-improving fossil fuel innovation. Energy storage projects to be an important complement to intermittent renewable energy sources such as wind and solar.…”
Section: General Advances On Innovation and Environmental Policymentioning
confidence: 99%
“…Soft and systemic policies have a smaller and less robust positive effect on innovation. Lazkano et al (2017) apply Aghion et al's (2016) empirical strategy to energy storage innovation, including its interaction with renewable and efficiency-improving fossil fuel innovation. Energy storage projects to be an important complement to intermittent renewable energy sources such as wind and solar.…”
Section: General Advances On Innovation and Environmental Policymentioning
confidence: 99%
“…In recent decades, because of increasing energy consumption and pollution, renewable electricity (RE) has received a great deal of attention. 1 The generation of electrical energy from photovoltaics and wind turbines is affected by weather and environmental conditions, causing some fluctuations in electric utility and leading to serious challenges for RE devices. 2,3 Electrical energy storage systems have been introduced as a key solution in order to eliminate these fluctuations.…”
Section: Introductionmentioning
confidence: 99%
“…See Lazkano et al (2016) for an analysis of the role of electricity storage in the transition from fossil fuels to renewable sources in electricity generation.…”
Section: Introductionmentioning
confidence: 99%