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.
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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