The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar Power
Industries with fast-developing technologies and knowledge-intensive business services rely on the development of scientific knowledge for their growth. This is also true in the renewable energy industry such as in concentrating solar power (CSP) plants, which have undergone intense development and...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-06-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/13/11/2943 |
| _version_ | 1797565770612342784 |
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| author | Cristina Prieto Sonia Fereres Luisa F. Cabeza |
| author_facet | Cristina Prieto Sonia Fereres Luisa F. Cabeza |
| author_sort | Cristina Prieto |
| collection | DOAJ |
| description | Industries with fast-developing technologies and knowledge-intensive business services rely on the development of scientific knowledge for their growth. This is also true in the renewable energy industry such as in concentrating solar power (CSP) plants, which have undergone intense development and expansion in the last two decades. Yet knowledge generation is not sufficient; its dissemination and internalization by the industry is indispensable for new product development. This paper contributes to providing empirical evidence on the known link between knowledge development and firm growth. In 10 years the cost of electricity produced through CSP has decreased five-fold. This decrease has only been possible due to innovation projects developed through a complex network of research and development (R&D) collaborations and intense investment, both public and (to a greater extent) private. The development and construction of pilot plants and demonstration facilities are shown to be key in maturing innovations for commercialization. This is an example of how the private sector is contributing to the decarbonisation of our energy system, contributing to the objectives of climate change mitigation. |
| first_indexed | 2024-03-10T19:17:42Z |
| format | Article |
| id | doaj.art-2bcf8641110b48fcabab3f7c5efedf0b |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T19:17:42Z |
| publishDate | 2020-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-2bcf8641110b48fcabab3f7c5efedf0b2023-11-20T03:14:29ZengMDPI AGEnergies1996-10732020-06-011311294310.3390/en13112943The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar PowerCristina Prieto0Sonia Fereres1Luisa F. Cabeza2Abengoa, c/ Energía Solar 1, 41012 Sevilla, SpainAbengoa, c/ Energía Solar 1, 41012 Sevilla, SpainGREiA Research Group, Universitat de Lleida, Pere de Cabrera s/n, 25001 Lleida, SpainIndustries with fast-developing technologies and knowledge-intensive business services rely on the development of scientific knowledge for their growth. This is also true in the renewable energy industry such as in concentrating solar power (CSP) plants, which have undergone intense development and expansion in the last two decades. Yet knowledge generation is not sufficient; its dissemination and internalization by the industry is indispensable for new product development. This paper contributes to providing empirical evidence on the known link between knowledge development and firm growth. In 10 years the cost of electricity produced through CSP has decreased five-fold. This decrease has only been possible due to innovation projects developed through a complex network of research and development (R&D) collaborations and intense investment, both public and (to a greater extent) private. The development and construction of pilot plants and demonstration facilities are shown to be key in maturing innovations for commercialization. This is an example of how the private sector is contributing to the decarbonisation of our energy system, contributing to the objectives of climate change mitigation.https://www.mdpi.com/1996-1073/13/11/2943innovationconcentrated solar powerproduct deploymentpilot plant |
| spellingShingle | Cristina Prieto Sonia Fereres Luisa F. Cabeza The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar Power Energies innovation concentrated solar power product deployment pilot plant |
| title | The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar Power |
| title_full | The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar Power |
| title_fullStr | The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar Power |
| title_full_unstemmed | The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar Power |
| title_short | The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar Power |
| title_sort | role of innovation in industry product deployment developing thermal energy storage for concentrated solar power |
| topic | innovation concentrated solar power product deployment pilot plant |
| url | https://www.mdpi.com/1996-1073/13/11/2943 |
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