NDLI: From Fossil Fuels to Renewables: The Role of Electricity Storage

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From Fossil Fuels to Renewables: The Role of Electricity Storage

Content Provider	Scilit
Author	Lazkano, Itziar Pelli, Martino
Copyright Year	2016
Description	Journal: SSRN Electronic Journal 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 firms develop better electricity storage solutions, which affect not only the relative competitiveness between renewable and nonrenewable electricity sources but also the ease with which they can be substituted. Using a global firm-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-fired electricity plants as well as increasing the use of renewable electricity.
Related Links	http://gredi.recherche.usherbrooke.ca/wpapers/GREDI-1706.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2791509
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2791509
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2016-05-31
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Mathematical Social Sciences Directed Technical Change Electricity Storage Electricity Markets Power Generation
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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