How long does innovation and commercialisation in the energy sectors take? Historical case studies of the timescale from invention to widespread commercialisation in energy supply and end use technology

Groß, Robert; Hanna, Richard; Gambhir, Ajay; Heptonstall, Philip; Speirs, Jamie

doi:10.1016/j.enpol.2018.08.061

Cited by 83 publications

(74 citation statements)

References 53 publications

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“…Downloaded from Elgar Online at 10/01/2020 07:31:13PM via free access 2014; Helm, 2017;Gross et al, 2018). These debates have persisted during the ebb and flow of government support for energy innovation since the 1970s.…”

Section: The Rationale For Innovation Supportmentioning

confidence: 99%

Introduction

2019

Energy Innovation for the Twenty-First Century

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Section: The Rationale For Innovation Supportmentioning

confidence: 99%

Introduction

2019

Energy Innovation for the Twenty-First Century

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“…Power generation technologies, including renewable energy technologies and innovative low carbon emissions technologies, take a lot of time and efforts for full commercialisation. Gross et al [11] mentioned that it could take from 20 to almost 70 years for a full technology and product to emerge from the invention, diffuse into market and reach widespread commercial deployment. According to their study, electricity generation technologies, such as combined cycle gas turbine (CCGT), nuclear power, wind electricity and solar photovoltaic (PV), can take approximately 43 years from invention to widespread commercialisation.…”

Section: An Overview and Introductionmentioning

confidence: 99%

Towards Efficient and Clean Process Integration: Utilisation of Renewable Resources and Energy-Saving Technologies

et al. 2019

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The strong demand for sustainable energy supplies had escalated the discovery, and intensive research into cleaner energy sources, as well as efficient energy management practices. In the context of the circular economy, the efforts target not only the optimisation of resource utilisation at various stages, but the products’ eco-design is also emphasized to extend their life spans. Based on the concept of comprehensive circular integration, this review discusses the roles of Process Integration approaches, renewable energy sources utilisation and design modifications in addressing the process of energy and exergy efficiency improvement. The primary focus is to enhance the economic and environmental performance through process analysis, modelling and optimisation. The paper is categorised into sections to show the contribution of each aspect clearly, namely: (a) Design and numerical study for innovative energy-efficient technologies; (b) Process Integration—heat and power; (c) Process energy efficiency or emissions analysis; (d) Optimisation of renewable energy resources supply chain. Each section is assessed based on the latest contribution of this journal’s Special Issue from the 21st conference on Process Integration, Modelling and Optimisation for Energy Saving and Pollution Reduction (PRES 2018). The key results are highlighted and summarised within the broader context of the state of the art development.

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“…There are a few studies on 'drivers' or determinants of sustainability innovation and risk-taking among small firms, including firm-specific factors, and there is work that connects perceived barriers with firm profiles. However, these studies do not provide longitudinal and in-depth insights into time and ways to market; such investigations have only recently emerged [28]. Against this backdrop, this current study aims to clarify market introduction and the time involved, by exploring the influence of selected spin-off firms' risk-related factors.…”

Section: Introductionmentioning

confidence: 99%

Entrepreneurial Risk-Taking in Sustainable Energy: University Spin-Off Firms and Market Introduction in Northwest Europe

Nejabat

Geenhuizen

2019

Sustainability

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Universities are cradles of innovation, with many start-ups involved in sustainable energy solutions. The extent in which such solutions reach the market and the kind of risk-related factors young firms encounter, are hardly known and understood. We aim to clarify market introduction and focus on the empirics of firms’ risk-taking behavior related to strategic choices, competences, and interactions with (national) ecosystem conditions. We use a unique dataset of almost 110 university spin-off firms and a small selected sample from this set. A total of 60% of spin-offs are able to reach the market, most of them in the first five years of spin-offs’ lives. Wind energy provides the best chances, as compared to such things as solar photovoltaics (PV) and advanced biomass. In-depth results suggest the high probability of quick market introduction in ‘Innovation Leader’ countries, like Sweden and Denmark, if combined with employing rich collaborative networks. A second set of favorable influences includes a practical mindset and accessing substantial investment capital. In contrast, strong risks tend to be connected to activity in fundamental inventions, highly specialized technology, weakly developed (sub) markets, poorly built networks, and short refunding time of substantial investment. This study provides a unique contribution to understanding the market introduction of sustainable energy solutions and risk-taking in this effort by young high-tech firms, among others, connected to differences between countries.

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How long does innovation and commercialisation in the energy sectors take? Historical case studies of the timescale from invention to widespread commercialisation in energy supply and end use technology

Cited by 83 publications

References 53 publications

Introduction

Introduction

Towards Efficient and Clean Process Integration: Utilisation of Renewable Resources and Energy-Saving Technologies

Entrepreneurial Risk-Taking in Sustainable Energy: University Spin-Off Firms and Market Introduction in Northwest Europe

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