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Economic Aspects of Innovations in Energy Storage

Author

Listed:
  • Wadim Strielkowski

    (Cambridge Judge Business School, University of Cambridge, 13 Trumpington, CB2 1AG Cambridge, United Kingdom,)

  • Evgeny Lisin

    (Department of Economics in Power Engineering and Industry, National Research University Moscow Power Engineering Institute, 14 Krasnokazarmennaya, 111250 Moscow, Russian Federation.)

Abstract

Energy storage is emerging as a potential method for addressing global energy system challenges across many different application areas. However, there are technical and non-technical barriers to the widespread deployment of energy storage devices. With regard to the above, it seems crucial to identify innovation processes, mechanisms and systems (in a broad sense) that can allow energy storage to help meet energy system challenges, and also deliver industrial growth from technology development companies. The pioneers in delivering these new technologies are few, among them for example Elon Musk with his ground-breaking projects such as Tesla Motors and SolarCity, Powerwall (the Tesla home battery), and some others. This paper is dealing with recent developments and trends in the field of innovations in the energy storage. Its main value-added is the comprehensive overview of the current state-of-the-art and identifying the pathways to follow.

Suggested Citation

  • Wadim Strielkowski & Evgeny Lisin, 2017. "Economic Aspects of Innovations in Energy Storage," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 62-66.
    • Handle: RePEc:eco:journ2:2017-01-07
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    References listed on IDEAS

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    Cited by:

    1. Andrey Rogalev & Ivan Komarov & Vladimir Kindra & Olga Zlyvko, 2018. "Entrepreneurial assessment of sustainable development technologies for power energy sector," Post-Print hal-02168626, HAL.
    2. Andrey Rogalev & Ivan Komarov & Vladimir Kindra & Olga Zlyvko, 2018. "Entrepreneurial assessment of sustainable development technologies for power energy sector," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 429-445, September.

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    More about this item

    Keywords

    Energy Storage; Storage Device; Batteries; Energy Policy;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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