Arbeitspapier

From Fossil Fuels to Renewables: The Role of Electricity Storage

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.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 5969

Klassifikation
Wirtschaft
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Economic Growth and Aggregate Productivity: General
Economywide Country Studies: General
Renewable Resources and Conservation: General
Nonrenewable Resources and Conservation: General
Energy: General
Environmental Economics: General
Thema
innovation
directed technical change
electricity storage
electricity markets
power generation

Ereignis
Geistige Schöpfung
(wer)
Lazkano, Itziar
Nøstbakken, Linda
Pelli, Martino
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2016

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Lazkano, Itziar
  • Nøstbakken, Linda
  • Pelli, Martino
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2016

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