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Commercialisation of Sustainable Energy Technologies

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  • P. Balachandra

    (Indira Gandhi Institute of Development Research)

  • B. Sudhakara Reddy

Abstract

Commercialization efforts to diffuse sustainable energy technologies (SETs) need to be sustainable in terms of replication, spread and longevity, and should promote goal of sustainable development. Limited success of diffusion through government driven pathways illustrates the need for market-based approaches to SET commercialization. This paper presents a detailed treatment of the pre-requisites 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 intermediary mechanisms. Further, it envisages a public-private partnership driven-mechanism as a framework for diffusion leading to technology commercialization.

Suggested Citation

  • P. Balachandra & B. Sudhakara Reddy, 2007. "Commercialisation of Sustainable Energy Technologies," Energy Working Papers 22326, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:energy:22326
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    6. Hepbasli, Arif & Alsuhaibani, Zeyad, 2011. "A key review on present status and future directions of solar energy studies and applications in Saudi Arabia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 5021-5050.
    7. Engelken, Maximilian & Römer, Benedikt & Drescher, Marcus & Welpe, Isabell M. & Picot, Arnold, 2016. "Comparing drivers, barriers, and opportunities of business models for renewable energies: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 795-809.
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    9. Abdul, Daud & Wenqi, Jiang & Sameeroddin, Mohd, 2023. "Prioritization of ecopreneurship barriers overcoming renewable energy technologies promotion: A comparative analysis of novel spherical fuzzy and Pythagorean fuzzy AHP approach," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
    10. Jaroslav HAVLÍČEK & Martin PELIKÁN & Tomáš ŠUBRT, 2012. "New businesses for small and medium entrepreneurs (SMEs) in the Renewable Energy Sources (RES)," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 58(9), pages 425-432.
    11. Hokey Min, 2023. "Exploring the Commercialization of Smart Rural Energy in Times of Energy Supply Chain Disruptions," Energies, MDPI, vol. 16(14), pages 1-14, July.
    12. Faran Ahmed & Muhammad Naeem & Muhammad Iqbal, 2017. "ICT and renewable energy: a way forward to the next generation telecom base stations," Telecommunication Systems: Modelling, Analysis, Design and Management, Springer, vol. 64(1), pages 43-56, January.
    13. Iman Miremadi & Yadollah Saboohi, 2018. "Planning for Investment in Energy Innovation: Developing an Analytical Tool to Explore the Impact of Knowledge Flow," International Journal of Energy Economics and Policy, Econjournals, vol. 8(2), pages 7-19.
    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.
    16. 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.
    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.
    23. Gabriel, Cle-Anne & Kirkwood, Jodyanne, 2016. "Business models for model businesses: Lessons from renewable energy entrepreneurs in developing countries," Energy Policy, Elsevier, vol. 95(C), pages 336-349.
    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

    Commercialisation; Energy; Financing; technology; Sustainable;
    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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