Accelerating Clean Energy Commercialization: A Strategic Partnership Approach

Accelerating Clean Energy Commercialization: A Strategic Partnership Approach
Author:
Publisher:
Total Pages: 0
Release: 2016
Genre:
ISBN:

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Technology development in the clean energy and broader clean tech space has proven to be challenging. Long-standing methods for advancing clean energy technologies from science to commercialization are best known for relatively slow, linear progression through research and development, demonstration, and deployment (RDD&D); and characterized by well-known valleys of death for financing. Investment returns expected by traditional venture capital investors have been difficult to achieve, particularly for hardware-centric innovations, and companies that are subject to project finance risks. Commercialization support from incubators and accelerators has helped address these challenges by offering more support services to start-ups; however, more effort is needed to fulfill the desired clean energy future. The emergence of new strategic investors and partners in recent years has opened up innovative opportunities for clean tech entrepreneurs, and novel commercialization models are emerging that involve new alliances among clean energy companies, RDD&D, support systems, and strategic customers. For instance, Wells Fargo and Company (WFC) and the National Renewable Energy Laboratory (NREL) have launched a new technology incubator that supports faster commercialization through a focus on technology development. The incubator combines strategic financing, technology and technical assistance, strategic customer site validation, and ongoing financial support.

The Power of Change

The Power of Change
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 341
Release: 2016-09-30
Genre: Science
ISBN: 0309371422

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Electricity, supplied reliably and affordably, is foundational to the U.S. economy and is utterly indispensable to modern society. However, emissions resulting from many forms of electricity generation create environmental risks that could have significant negative economic, security, and human health consequences. Large-scale installation of cleaner power generation has been generally hampered because greener technologies are more expensive than the technologies that currently produce most of our power. Rather than trade affordability and reliability for low emissions, is there a way to balance all three? The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies considers how to speed up innovations that would dramatically improve the performance and lower the cost of currently available technologies while also developing new advanced cleaner energy technologies. According to this report, there is an opportunity for the United States to continue to lead in the pursuit of increasingly clean, more efficient electricity through innovation in advanced technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies makes the case that America's advantagesâ€"world-class universities and national laboratories, a vibrant private sector, and innovative states, cities, and regions that are free to experiment with a variety of public policy approachesâ€"position the United States to create and lead a new clean energy revolution. This study focuses on five paths to accelerate the market adoption of increasing clean energy and efficiency technologies: (1) expanding the portfolio of cleaner energy technology options; (2) leveraging the advantages of energy efficiency; (3) facilitating the development of increasing clean technologies, including renewables, nuclear, and cleaner fossil; (4) improving the existing technologies, systems, and infrastructure; and (5) leveling the playing field for cleaner energy technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies is a call for leadership to transform the United States energy sector in order to both mitigate the risks of greenhouse gas and other pollutants and to spur future economic growth. This study's focus on science, technology, and economic policy makes it a valuable resource to guide support that produces innovation to meet energy challenges now and for the future.

Energy Innovation Acceleration Program

Energy Innovation Acceleration Program
Author:
Publisher:
Total Pages: 18
Release: 2015
Genre:
ISBN:

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The Energy Innovation Acceleration Program (IAP) - also called U-Launch - has had a significant impact on early stage clean energy companies in the Northeast and on the clean energy economy in the Northeast, not only during program execution (2010-2014), but continuing into the future. Key results include: Leverage ratio of 105:1; $105M in follow-on funding (upon $1M investment by EERE); At least 19 commercial products launched; At least 17 new industry partnerships formed; At least $6.5M in revenue generated;>140 jobs created; 60% of assisted companies received follow-on funding within 1 year of program completion; In addition to the direct measurable program results summarized above, two primary lessons emerged from our work executing Energy IAP:; Validation and demonstration awards have an outsized, 'tipping-point' effect for startups looking to secure investments and strategic partnerships. An ecosystem approach is valuable, but an approach that evaluates the needs of individual companies and then draws from diverse ecosystem resources to fill them, is most valuable of all.

New Venture Commercialization of Clean Energy Technologies

New Venture Commercialization of Clean Energy Technologies
Author: David Seth Miller
Publisher:
Total Pages: 250
Release: 2007
Genre:
ISBN:

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(cont.) The modeled venture takes many years to achieve profitability due to long sales cycles, limits to market growth, and the time needed to gain experience producing and selling its products, and therefore has a high probability of failure. Analysis of the model results in a set of guidelines for what these ventures, investors, and policy makers should do to increase their odds of success. The venture is better off starting with more sales and marketing personnel and expertise rather than engineers, and should develop no more product features than are necessary to sell the product. The venture should forego recurring revenue and instead receive payments up front whenever possible. A single initial equity investment in the venture is considerably more valuable than a series of investments. Government policies that raise the cost of carbon emissions; reduce barriers and increase incentives for adoption of clean energy technologies; and subsidize the development of these technologies can greatly increase the growth of these ventures and the odds of success.

Accelerating Green Innovation

Accelerating Green Innovation
Author: Michael Migendt
Publisher: Springer
Total Pages: 158
Release: 2017-02-03
Genre: Business & Economics
ISBN: 3658172517

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Michael Migendt explains the role of alternative investments in supporting the growth of a sustainable economy and recognizes levers that policy makers, managers and entrepreneurs could use for further accelerating green innovation through finance. He focuses on specific examples of alternative investments into green industries, companies, projects, and infrastructure, covering the developments along the innovation chain. Especially the acceleration of green technologies and the in this context occurring interrelations between the three areas of finance, innovation, and policy are key to this work.

Transforming US Energy Innovation

Transforming US Energy Innovation
Author: Laura Diaz Anadon
Publisher: Cambridge University Press
Total Pages: 251
Release: 2014-07-28
Genre: Political Science
ISBN: 1316061388

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One of the greatest challenges facing human civilization is the provision of secure, affordable energy without causing catastrophic environmental damage. As the world's largest economy, and as a world leader in energy technologies, the United States is a particularly important case. In the light of increased competition from other countries (particularly China), growing concerns about the local and global environmental impacts of the energy system, an ever-present interest in energy security, and the realization that technological innovation takes place in a complex ecosystem involving a wide range of domestic and international actors, this volume provides a comprehensive and analytical assessment of the role that the US government should play in energy technology innovation. It will be invaluable for policy makers in energy innovation and for researchers studying energy innovation, future energy technologies, climate-change mitigation, and innovation management. It will act as a supplementary textbook for courses on energy and innovation.

Energizing America

Energizing America
Author: Varun Sivaram
Publisher:
Total Pages:
Release: 2020-09-14
Genre:
ISBN: 9780578758527

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Clean energy innovation is central to the fight against climate change. To rise to this challenge, the United States should launch a National Energy Innovation Mission. Led by the president and authorized by Congress, this mission should harness the nation's unmatched innovative capabilities-at research universities, federal laboratories, and private firms (both large and small), in all regions of the country-to speed the progress of clean energy technologies. To jumpstart this mission and unlock a virtuous cycle of public and private investment, the US federal government should triple its funding for energy research, development, and demonstration (RD&D) over the next five years to $25 billion by 2025. "Energizing America" offers policymakers a strategic framework to build a growing RD&D portfolio over the next five years, detailed fundingproposals across the full spectrum of critical energy technologies, and recommendations for immediate action.

Business and Technology Strategies to Promote the Development and Commercialization of Alternative Energy Technologies Like Fuel Cells

Business and Technology Strategies to Promote the Development and Commercialization of Alternative Energy Technologies Like Fuel Cells
Author: Sundar Jayaraman
Publisher:
Total Pages: 164
Release: 2008
Genre:
ISBN:

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Globalization has led to the development of emerging markets and economies. With economic expansion around the globe, there is a greater energy demand to sustain this growth. Increasing energy demand has resulted in increase in energy prices and increase in emission levels. While conventional energy technologies have advantage in terms of established infrastructure and lower cost, they are inefficient and rely heavily on fossil fuels. Conventional energy technologies alone cannot sustain and cater to the evolving energy market's needs of higher efficiency, lower emissions and resources conservation. Renewable energy solutions and alternative energy technologies like distributed generation need to be developed to meet this energy demand, conserve the definite resources and reduce emissions. But at the moment, alternative energy technologies due to lack of infrastructure, development cost and regulations are limited in their applications. Therefore in the near term, we recommend that they strategically position themselves in the market with niche and right fit opportunities. We also recommend that they need to utilize the development dollars effectively in integrating technology development with their product development activities and develop durable cost effective products. They also need to develop key partnerships and integrate value across their development and fulfillment chains. Strategic positioning, value chain integration and key execution in development with mature processes will aid alternative energy technologies to overcome the existing market barriers and move towards rapid commercialization.