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Commercialization of sustainable energy technologies

Author

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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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    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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