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From Fossil Fuels to Renewables: The Role of Electricity Storage

Listed author(s):
  • Lazkano, Itziar

    (Dept. of Economics, Norwegian School of Economics and Business Administration)

  • Nøstbakken, Linda

    ()

    (Dept. of Economics, Norwegian School of Economics and Business Administration)

  • Pelli, Martino

    ()

    (Université de Sherbrooke)

We analyze the role of electricity storage for technological innovations in electricity generation. We propose a directed technological change model of the electricity sector, where innovative rms develop better electricity storage solutions, which a ect not only the relative competitiveness between renewable and nonrenewable electricity Sources but also the ease with which they can be substituted. Using a global rm-level data set of electricity patents from 1963 to 2011, we empirically analyze the determinants of innovation in electricity generation, and the role of storage in directing innovation. Our results show that electricity storage increases innovation not only in renewables but also in conventional technologies. This implies that efforts to increase innovation in storage can benefit conventional, fossil fuel- red electricity plants as well as increasing the use of renewable electricity.

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File URL: https://brage.bibsys.no/xmlui/bitstream/handle/11250/2391721/1/DP11.pdf
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Paper provided by Department of Economics, Norwegian School of Economics in its series Discussion Paper Series in Economics with number 11/2016.

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Length: 62 pages
Date of creation: 31 May 2016
Handle: RePEc:hhs:nhheco:2016_011
Contact details of provider: Postal:
NHH, Department of Economics, Helleveien 30, N-5045 Bergen, Norway

Phone: +47 55 959 277
Fax: 5595 9100
Web page: http://www.nhh.no/sam/
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