IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v171y2023ics1364032122008954.html
   My bibliography  Save this article

Role of digitalization in energy storage technological innovation: Evidence from China

Author

Listed:
  • Zhang, Hongyan
  • Gao, Shuaizhi
  • Zhou, Peng

Abstract

Booming digital technologies have brought profound changes to the energy sector. Digitalization in energy storage technology facilitate new opportunities toward modernized low-carbon energy systems. This study offers a technological perspective to help understand the role of digitalization in energy storage development. We depict the landscape of convergence between digital and energy storage technologies based on a patent co-classification analysis and investigate the impact of the digital transformation on energy storage innovation through a firm-level empirical analysis. Our findings demonstrate a significant upward digital trend in energy storage technology, with main interaction fields ranging from daily life power supplies to regional energy power systems. Meanwhile, digitalization positively promotes technological innovation in energy storage, of which digitization and Internet of Things strategy make more decisive contributions. We provide implications for the achievement of cross-regional energy systems through the internal coordination between energy storage and digitalization. The findings shed light on the coordinated development of digitalization and energy system toward a more sustainable and smart society.

Suggested Citation

  • Zhang, Hongyan & Gao, Shuaizhi & Zhou, Peng, 2023. "Role of digitalization in energy storage technological innovation: Evidence from China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 171(C).
    • Handle: RePEc:eee:rensus:v:171:y:2023:i:c:s1364032122008954
    DOI: 10.1016/j.rser.2022.113014
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032122008954
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2022.113014?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Yang, Qing & Wang, Hao & Wang, Taotao & Zhang, Shengli & Wu, Xiaoxiao & Wang, Hui, 2021. "Blockchain-based decentralized energy management platform for residential distributed energy resources in a virtual power plant," Applied Energy, Elsevier, vol. 294(C).
    2. Gourisetti, Sri Nikhil Gupta & Sebastian-Cardenas, D. Jonathan & Bhattarai, Bishnu & Wang, Peng & Widergren, Steve & Borkum, Mark & Randall, Alysha, 2021. "Blockchain smart contract reference framework and program logic architecture for transactive energy systems," Applied Energy, Elsevier, vol. 304(C).
    3. Sahraei, Nasim & Looney, Erin E. & Watson, Sterling M. & Peters, Ian Marius & Buonassisi, Tonio, 2018. "Adaptive power consumption improves the reliability of solar-powered devices for internet of things," Applied Energy, Elsevier, vol. 224(C), pages 322-329.
    4. Dong, Lei & Wang, Lijie & Khahro, Shahnawaz Farhan & Gao, Shuang & Liao, Xiaozhong, 2016. "Wind power day-ahead prediction with cluster analysis of NWP," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 1206-1212.
    5. L. Kamran Bilir & Eduardo Morales, 2020. "Innovation in the Global Firm," Journal of Political Economy, University of Chicago Press, vol. 128(4), pages 1566-1625.
    6. Tijssen, Robert J. W., 1992. "A quantitative assessment of interdisciplinary structures in science and technology: Co-classification analysis of energy research," Research Policy, Elsevier, vol. 21(1), pages 27-44, February.
    7. Mazzoni, Stefano & Ooi, Sean & Nastasi, Benedetto & Romagnoli, Alessandro, 2019. "Energy storage technologies as techno-economic parameters for master-planning and optimal dispatch in smart multi energy systems," Applied Energy, Elsevier, vol. 254(C).
    8. Martin Drechsler & Jonas Egerer & Martin Lange & Frank Masurowski & Jürgen Meyerhoff & Malte Oehlmann, 2017. "Efficient and equitable spatial allocation of renewable power plants at the country scale," Nature Energy, Nature, vol. 2(9), pages 1-9, September.
    9. O. Schmidt & A. Hawkes & A. Gambhir & I. Staffell, 2017. "The future cost of electrical energy storage based on experience rates," Nature Energy, Nature, vol. 2(8), pages 1-8, August.
    10. Elia, Gianluca & Margherita, Alessandro & Passiante, Giuseppina, 2020. "Digital entrepreneurship ecosystem: How digital technologies and collective intelligence are reshaping the entrepreneurial process," Technological Forecasting and Social Change, Elsevier, vol. 150(C).
    11. Maryam Arbabzadeh & Ramteen Sioshansi & Jeremiah X. Johnson & Gregory A. Keoleian, 2019. "Author Correction: The role of energy storage in deep decarbonization of electricity production," Nature Communications, Nature, vol. 10(1), pages 1-1, December.
    12. Kangas, H.L. & Ollikka, K. & Ahola, J. & Kim, Y., 2021. "Digitalisation in wind and solar power technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    13. Shivashankar, S. & Mekhilef, Saad & Mokhlis, Hazlie & Karimi, M., 2016. "Mitigating methods of power fluctuation of photovoltaic (PV) sources – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1170-1184.
    14. Zhao, Haoran & Wu, Qiuwei & Hu, Shuju & Xu, Honghua & Rasmussen, Claus Nygaard, 2015. "Review of energy storage system for wind power integration support," Applied Energy, Elsevier, vol. 137(C), pages 545-553.
    15. Gong, Cheng & Ribiere, Vincent, 2021. "Developing a unified definition of digital transformation," Technovation, Elsevier, vol. 102(C).
    16. Jiang, Kangqi & Du, Xinyi & Chen, Zhongfei, 2022. "Firms' digitalization and stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 82(C).
    17. Haghnegahdar, Lida & Chen, Yu & Wang, Yong, 2022. "Enhancing dynamic energy network management using a multiagent cloud-fog structure," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    18. Ajanovic, Amela & Hiesl, Albert & Haas, Reinhard, 2020. "On the role of storage for electricity in smart energy systems," Energy, Elsevier, vol. 200(C).
    19. Akram, Umer & Nadarajah, Mithulananthan & Shah, Rakibuzzaman & Milano, Federico, 2020. "A review on rapid responsive energy storage technologies for frequency regulation in modern power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 120(C).
    20. Mejia, Cristian & Kajikawa, Yuya, 2020. "Emerging topics in energy storage based on a large-scale analysis of academic articles and patents," Applied Energy, Elsevier, vol. 263(C).
    21. Boeing, Philipp, 2016. "The allocation and effectiveness of China’s R&D subsidies - Evidence from listed firms," Research Policy, Elsevier, vol. 45(9), pages 1774-1789.
    22. Albino, Vito & Ardito, Lorenzo & Dangelico, Rosa Maria & Messeni Petruzzelli, Antonio, 2014. "Understanding the development trends of low-carbon energy technologies: A patent analysis," Applied Energy, Elsevier, vol. 135(C), pages 836-854.
    23. Dan Tong & David J. Farnham & Lei Duan & Qiang Zhang & Nathan S. Lewis & Ken Caldeira & Steven J. Davis, 2021. "Geophysical constraints on the reliability of solar and wind power worldwide," Nature Communications, Nature, vol. 12(1), pages 1-12, December.
    24. D. M. Davies & M. G. Verde & O. Mnyshenko & Y. R. Chen & R. Rajeev & Y. S. Meng & G. Elliott, 2019. "Combined economic and technological evaluation of battery energy storage for grid applications," Nature Energy, Nature, vol. 4(1), pages 42-50, January.
    25. Eltamaly, Ali M., 2021. "A novel musical chairs algorithm applied for MPPT of PV systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 146(C).
    26. Li, Lixu & Ye, Fei & Zhan, Yuanzhu & Kumar, Ajay & Schiavone, Francesco & Li, Yina, 2022. "Unraveling the performance puzzle of digitalization: Evidence from manufacturing firms," Journal of Business Research, Elsevier, vol. 149(C), pages 54-64.
    27. Guo, Di & Guo, Yan & Jiang, Kun, 2016. "Government-subsidized R&D and firm innovation: Evidence from China," Research Policy, Elsevier, vol. 45(6), pages 1129-1144.
    28. Fernandez-Vidal, Jorge & Gonzalez, Reyes & Gasco, Jose & Llopis, Juan, 2022. "Digitalization and corporate transformation: The case of European oil & gas firms," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    29. Johnson, Prince Chacko & Laurell, Christofer & Ots, Mart & Sandström, Christian, 2022. "Digital innovation and the effects of artificial intelligence on firms’ research and development – Automation or augmentation, exploration or exploitation?," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    30. Li, Jidong & Chen, Shijun & Wu, Yuqiang & Wang, Qinhui & Liu, Xing & Qi, Lijian & Lu, Xiuyuan & Gao, Lu, 2021. "How to make better use of intermittent and variable energy? A review of wind and photovoltaic power consumption in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    31. Baba, Yasunori & Shichijo, Naohiro & Sedita, Silvia Rita, 2009. "How do collaborations with universities affect firms' innovative performance? The role of "Pasteur scientists" in the advanced materials field," Research Policy, Elsevier, vol. 38(5), pages 756-764, June.
    32. Marsat, Sylvain & Pijourlet, Guillaume & Ullah, Muhammad, 2022. "Does environmental performance help firms to be more resilient against environmental controversies? International evidence," Finance Research Letters, Elsevier, vol. 44(C).
    33. Wen, W. & Yang, S. & Zhou, P. & Gao, S.Z., 2021. "Impacts of COVID-19 on the electric vehicle industry: Evidence from China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    34. Peng, Winnie Qian & Wei, K.C. John & Yang, Zhishu, 2011. "Tunneling or propping: Evidence from connected transactions in China," Journal of Corporate Finance, Elsevier, vol. 17(2), pages 306-325, April.
    35. Barja-Martinez, Sara & Aragüés-Peñalba, Mònica & Munné-Collado, Íngrid & Lloret-Gallego, Pau & Bullich-Massagué, Eduard & Villafafila-Robles, Roberto, 2021. "Artificial intelligence techniques for enabling Big Data services in distribution networks: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    36. Zeng, Huixiang & Ran, Hangxin & Zhou, Qiong & Jin, Youliang & Cheng, Xu, 2022. "The financial effect of firm digitalization: Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    37. Kebede, Abraham Alem & Kalogiannis, Theodoros & Van Mierlo, Joeri & Berecibar, Maitane, 2022. "A comprehensive review of stationary energy storage devices for large scale renewable energy sources grid integration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
    38. Maryam Arbabzadeh & Ramteen Sioshansi & Jeremiah X. Johnson & Gregory A. Keoleian, 2019. "The role of energy storage in deep decarbonization of electricity production," Nature Communications, Nature, vol. 10(1), pages 1-11, December.
    39. Lindman, Åsa & Söderholm, Patrik, 2016. "Wind energy and green economy in Europe: Measuring policy-induced innovation using patent data," Applied Energy, Elsevier, vol. 179(C), pages 1351-1359.
    40. Zhang, Chuanguo & Liu, Cong, 2015. "The impact of ICT industry on CO2 emissions: A regional analysis in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 12-19.
    41. Kuriqi, Alban & Pinheiro, António N. & Sordo-Ward, Alvaro & Bejarano, María D. & Garrote, Luis, 2021. "Ecological impacts of run-of-river hydropower plants—Current status and future prospects on the brink of energy transition," Renewable and Sustainable Energy Reviews, Elsevier, vol. 142(C).
    42. Zhang, Lin, 2017. "The knowledge spillover effects of FDI on the productivity and efficiency of research activities in China," China Economic Review, Elsevier, vol. 42(C), pages 1-14.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karlilar, Selin & Balcilar, Mehmet & Emir, Firat, 2023. "Environmental sustainability in the OECD: The power of digitalization, green innovation, renewable energy and financial development," Telecommunications Policy, Elsevier, vol. 47(6).
    2. Chen, Xinmin & Huang, Yuhong & Gao, Yajia, 2024. "Can urban low-carbon transitions promote enterprise digital transformation?," Finance Research Letters, Elsevier, vol. 59(C).
    3. Liu, Tianhao & Tian, Jun & Zhu, Hongyu & Goh, Hui Hwang & Liu, Hui & Wu, Thomas & Zhang, Dongdong, 2023. "Key technologies and developments of multi-energy system: Three-layer framework, modelling and optimisation," Energy, Elsevier, vol. 277(C).
    4. Gao, Feng & He, Ziwen, 2024. "Digital economy, land resource misallocation and urban carbon emissions in Chinese resource-based cities," Resources Policy, Elsevier, vol. 91(C).
    5. Yan, Zheming & Sun, Zao & Shi, Rui & Zhao, Minjuan, 2023. "Smart city and green development: Empirical evidence from the perspective of green technological innovation," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    6. Gao, Shuaizhi & Zhou, Peng & Zhang, Hongyan, 2023. "Does energy transition help narrow the urban-rural income gap? Evidence from China," Energy Policy, Elsevier, vol. 182(C).
    7. Huang, Yuhong & Gao, Yajia, 2023. "Labor protection and the digital transformation of enterprises: Empirical evidence from China's social insurance law," Finance Research Letters, Elsevier, vol. 57(C).
    8. Suhrab, Muhammad & Chen, Pinglu & Ullah, Atta, 2024. "Digital financial inclusion and income inequality nexus: Can technology innovation and infrastructure development help in achieving sustainable development goals?," Technology in Society, Elsevier, vol. 76(C).
    9. Maurizio Sibilla & Esra Kurul, 2023. "Towards Social Understanding of Energy Storage Systems—A Perspective," Energies, MDPI, vol. 16(19), pages 1-11, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Schauf, Magnus & Schwenen, Sebastian, 2023. "System price dynamics for battery storage," Energy Policy, Elsevier, vol. 183(C).
    2. Zhang, Hongyan & Zhang, Lin, 2023. "Public support and energy innovation: Why do firms react differently?," Energy Economics, Elsevier, vol. 119(C).
    3. Lechón, Yolanda & Lago, Carmen & Herrera, Israel & Gamarra, Ana Rosa & Pérula, Alberto, 2023. "Carbon benefits of different energy storage alternative end uses. Application to the Spanish case," Renewable and Sustainable Energy Reviews, Elsevier, vol. 171(C).
    4. Ren, Shenggang & Hu, Yucai & Zheng, Jingjing & Wang, Yangjie, 2020. "Emissions trading and firm innovation: Evidence from a natural experiment in China," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    5. Nakamoto, Yuya & Eguchi, Shogo, 2024. "How do seasonal and technical factors affect generation efficiency of photovoltaic power plants?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 199(C).
    6. Dan Tong & David J. Farnham & Lei Duan & Qiang Zhang & Nathan S. Lewis & Ken Caldeira & Steven J. Davis, 2021. "Geophysical constraints on the reliability of solar and wind power worldwide," Nature Communications, Nature, vol. 12(1), pages 1-12, December.
    7. Wang, Xiaozhen & Zou, Honghui, 2018. "Study on the effect of wind power industry policy types on the innovation performance of different ownership enterprises: Evidence from China," Energy Policy, Elsevier, vol. 122(C), pages 241-252.
    8. Xia, Tian & Li, Yaowang & Zhang, Ning & Kang, Chongqing, 2022. "Role of compressed air energy storage in urban integrated energy systems with increasing wind penetration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 160(C).
    9. Ruixue Liu & Guannan He & Xizhe Wang & Dharik Mallapragada & Hongbo Zhao & Yang Shao-Horn & Benben Jiang, 2024. "A cross-scale framework for evaluating flexibility values of battery and fuel cell electric vehicles," Nature Communications, Nature, vol. 15(1), pages 1-14, December.
    10. Li, Canbing & Chen, Dawei & Li, Yingjie & Li, Furong & Li, Ran & Wu, Qiuwei & Liu, Xubin & Wei, Juan & He, Shengtao & Zhou, Bin & Allen, Stephen, 2022. "Exploring the interaction between renewables and energy storage for zero-carbon electricity systems," Energy, Elsevier, vol. 261(PA).
    11. Bo Wang & Limao Wang & Shuai Zhong & Ning Xiang & Qiushi Qu, 2022. "Low-Carbon Transformation of Electric System against Power Shortage in China: Policy Optimization," Energies, MDPI, vol. 15(4), pages 1-18, February.
    12. Wyrwa, Artur & Suwała, Wojciech & Pluta, Marcin & Raczyński, Maciej & Zyśk, Janusz & Tokarski, Stanisław, 2022. "A new approach for coupling the short- and long-term planning models to design a pathway to carbon neutrality in a coal-based power system," Energy, Elsevier, vol. 239(PE).
    13. Gonocruz, Ruth Anne Tanlioco & Yoshida, Yoshikuni & Ozawa, Akito & Aguirre, Rodolfo A. & Maguindayao, Edward Joseph H., 2023. "Impacts of agrivoltaics in rural electrification and decarbonization in the Philippines," Applied Energy, Elsevier, vol. 350(C).
    14. Fu, Shuke & Ge, Yingchen & Hao, Yu & Peng, Jiachao & Tian, Jiali, 2024. "Energy supply chain efficiency in the digital era: Evidence from China's listed companies," Energy Economics, Elsevier, vol. 134(C).
    15. Juran Noh & Hieu A. Doan & Heather Job & Lily A. Robertson & Lu Zhang & Rajeev S. Assary & Karl Mueller & Vijayakumar Murugesan & Yangang Liang, 2024. "An integrated high-throughput robotic platform and active learning approach for accelerated discovery of optimal electrolyte formulations," Nature Communications, Nature, vol. 15(1), pages 1-9, December.
    16. Cuenca, Juan J. & Daly, Hannah E. & Hayes, Barry P., 2023. "Sharing the grid: The key to equitable access for small-scale energy generation," Applied Energy, Elsevier, vol. 349(C).
    17. Tian, Binbin & Yu, Baixue & Chen, Shi & Ye, Jingjing, 2020. "Tax incentive, R&D investment and firm innovation: Evidence from China," Journal of Asian Economics, Elsevier, vol. 71(C).
    18. Luo, Kun & Lim, Edwin KiaYang & Qu, Wen & Zhang, Xuan, 2021. "Board cultural diversity, government intervention and corporate innovation effectiveness: Evidence from China," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(2).
    19. Yan, Chen & Ji, Yaxing & Chen, Rui, 2023. "Research on the mechanism of selective industrial policies on enterprises' innovation performance ——Evidence from China's photovoltaic industry," Renewable Energy, Elsevier, vol. 215(C).
    20. Li, Yanxue & Zhang, Xiaoyi & Gao, Weijun & Xu, Wenya & Wang, Zixuan, 2022. "Operational performance and grid-support assessment of distributed flexibility practices among residential prosumers under high PV penetration," Energy, Elsevier, vol. 238(PB).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:171:y:2023:i:c:s1364032122008954. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.