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Innovation trends in electricity storage: What drives global innovation?

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  • Feng, Siyu
  • Lazkano, Itziar

Abstract

Using patent data from 1978 to 2019 across 1881 regions, we estimate the main determinants of innovation in energy storage. Our results highlight the role of energy prices and past innovation in shaping innovation. Specifically, a one-unit increase in electricity prices leads to a 15.54% reduction in the ratio of storage to electricity generation patents. We also find evidence on the significance of past innovation in shaping the direction of current innovation. These results imply the need for a combination of energy policies and innovation policies to boost innovation in energy storage.

Suggested Citation

  • Feng, Siyu & Lazkano, Itziar, 2022. "Innovation trends in electricity storage: What drives global innovation?," Energy Policy, Elsevier, vol. 167(C).
    • Handle: RePEc:eee:enepol:v:167:y:2022:i:c:s0301421522003093
    DOI: 10.1016/j.enpol.2022.113084
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    More about this item

    Keywords

    Energy storage; Innovation; Electricity;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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