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Commercialization of renewable energy technologies: A ladder building approach

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  • Shakeel, Shah Rukh
  • Takala, Josu
  • Zhu, Lian-Dong

Abstract

The objective of this study is to investigate how different renewable energy technologies (RETs) can be effectively commercialized in Finland. The country, not being endowed with natural reserves of hydrocarbons, is striving to increase the share of renewable energy generation in its primary energy supplies. Finland has long been involved in the development and innovation of technologically advanced products and services. The recent economic meltdown and decline in the information and communication technology (ICT) sector have triggered the inevitability of developing a sector that can serve as the backbone of the economy in the years to come. Clean technologies offer an excellent opportunity for a technologically advanced country like Finland to become a key player in the emerging market. The country has excellent standing when it comes to innovation input, innovation culture and public R&D in clean technologies; however, it lags behind when it comes to the commercialization of these novel technologies.

Suggested Citation

  • Shakeel, Shah Rukh & Takala, Josu & Zhu, Lian-Dong, 2017. "Commercialization of renewable energy technologies: A ladder building approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 855-867.
    • Handle: RePEc:eee:rensus:v:78:y:2017:i:c:p:855-867
    DOI: 10.1016/j.rser.2017.05.005
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    2. Tan, R.R. & Aviso, K.B. & Ng, D.K.S., 2019. "Optimization models for financing innovations in green energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    3. Zhao, Ge & Zhou, P. & Wen, Wen, 2021. "Feed-in tariffs, knowledge stocks and renewable energy technology innovation: The role of local government intervention," Energy Policy, Elsevier, vol. 156(C).
    4. Zhu, Zhishuang & Liao, Hua & Liu, Li, 2021. "The role of public energy R&D in energy conservation and transition: Experiences from IEA countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    5. Cai, Ying & Lin, Jun & Zhang, Ruxin, 2023. "When and how to implement design thinking in the innovation process: A longitudinal case study," Technovation, Elsevier, vol. 126(C).
    6. Hu, Mei-Ying & Lu, You-Xun & Lai, Ching-chong, 2023. "Patent term extensions and commercialization lags in the pharmaceutical industry: A growth-theoretic analysis," Journal of Macroeconomics, Elsevier, vol. 76(C).
    7. Khanna, Nina & Fridley, David & Zhou, Nan & Karali, Nihan & Zhang, Jingjing & Feng, Wei, 2019. "Energy and CO2 implications of decarbonization strategies for China beyond efficiency: Modeling 2050 maximum renewable resources and accelerated electrification impacts," Applied Energy, Elsevier, vol. 242(C), pages 12-26.
    8. Zhanat Babazhanova & Bakytgul Khambar & Assem Yessenbekova & Nalima Sartanova & Fatima Jandossova, 2017. "New Energy System in the Republic of Kazakhstan: Exploring the Possibility of Creating and Mechanisms of Implementing," International Journal of Energy Economics and Policy, Econjournals, vol. 7(6), pages 164-170.
    9. Wei Li & Serhat Yüksel & Hasan Dinçer, 2022. "Understanding the financial innovation priorities for renewable energy investors via QFD-based picture fuzzy and rough numbers," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-30, December.
    10. A. Erin Bass & Birgitte Grøgaard, 2021. "The long-term energy transition: Drivers, outcomes, and the role of the multinational enterprise," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(5), pages 807-823, July.

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