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Commercialization of sustainable energy technologies

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  • Balachandra, P.
  • Kristle Nathan, Hippu Salk
  • Reddy, B. Sudhakara

Abstract

Commercialization efforts to diffuse sustainable energy technologies (SETs11The SETs can be viewed as a portfolio of technologies, which are expected to use renewable energy resources as input to produce modern energy carriers.) have so far remained as the biggest challenge in the field of renewable energy and energy efficiency. Limited success of diffusion through government driven pathways urges the need for market based approaches. This paper reviews the existing state of commercialization of SETs in the backdrop of the basic theory of technology diffusion. The different SETs in India are positioned in the technology diffusion map to reflect their slow state of commercialization. The dynamics of SET market is analysed to identify the issues, barriers and stakeholders in the process of SET commercialization. By upgrading the ‘potential adopters’ to ‘techno-entrepreneurs’, the study presents the mechanisms for adopting a private sector driven ‘business model’ approach for successful diffusion of SETs. This is expected to integrate the processes of market transformation and entrepreneurship development with innovative regulatory, marketing, financing, incentive and delivery mechanisms leading to SET commercialization.

Suggested Citation

  • Balachandra, P. & Kristle Nathan, Hippu Salk & Reddy, B. Sudhakara, 2010. "Commercialization of sustainable energy technologies," Renewable Energy, Elsevier, vol. 35(8), pages 1842-1851.
    • Handle: RePEc:eee:renene:v:35:y:2010:i:8:p:1842-1851
    DOI: 10.1016/j.renene.2009.12.020
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    14. Tobias Schmidt & Sandeep Dabur, 2014. "Explaining the diffusion of biogas in India: a new functional approach considering national borders and technology transfer," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 16(2), pages 171-199, April.
    15. Gabriel, Cle-Anne, 2016. "What is challenging renewable energy entrepreneurs in developing countries?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 362-371.
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    17. Rolando-Arturo Cubillos-González & Grace Tiberio Cardoso, 2020. "Clean Technology Transfer and Innovation in Social Housing Production in Brazil and Colombia. A Framework from a Systematic Review," Sustainability, MDPI, vol. 12(4), pages 1-12, February.
    18. Lund, Peter D., 2014. "How fast can businesses in the new energy sector grow? An analysis of critical factors," Renewable Energy, Elsevier, vol. 66(C), pages 33-40.
    19. Mijung Jung & Yi-beck Lee & Heesang Lee, 2015. "Classifying and prioritizing the success and failure factors of technology commercialization of public R&D in South Korea: using classification tree analysis," The Journal of Technology Transfer, Springer, vol. 40(5), pages 877-898, October.
    20. Balachandra, P., 2011. "Modern energy access to all in rural India: An integrated implementation strategy," Energy Policy, Elsevier, vol. 39(12), pages 7803-7814.
    21. Charikleia Karakosta, 2016. "A Holistic Approach for Addressing the Issue of Effective Technology Transfer in the Frame of Climate Change," Energies, MDPI, vol. 9(7), pages 1-20, June.
    22. Chih-Jou Chen & Chia-Chin Chang & Shiu-Wan Hung, 2011. "Influences of Technological Attributes and Environmental Factors on Technology Commercialization," Journal of Business Ethics, Springer, vol. 104(4), pages 525-535, December.
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    24. Kang, Moon Jung & Hwang, Jongwoon, 2016. "Structural dynamics of innovation networks funded by the European Union in the context of systemic innovation of the renewable energy sector," Energy Policy, Elsevier, vol. 96(C), pages 471-490.

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    More about this item

    Keywords

    Sustainability; Technology; Commercialization; Renewable energy; Energy efficiency; Entrepreneurship;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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