Economic Aspects of Innovations in Energy Storage

Wadim Strielkowski and Evgeny Lisin
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Evgeny Lisin: Department of Economics in Power Engineering and Industry, National Research University Moscow Power Engineering Institute, 14 Krasnokazarmennaya, 111250 Moscow, Russian Federation.

International Journal of Energy Economics and Policy, 2017, vol. 7, issue 1, 62-66

Abstract: Energy storage is emerging as a potential method for addressing global energy system challenges across many different application areas. However, there are technical and non-technical barriers to the widespread deployment of energy storage devices. With regard to the above, it seems crucial to identify innovation processes, mechanisms and systems (in a broad sense) that can allow energy storage to help meet energy system challenges, and also deliver industrial growth from technology development companies. The pioneers in delivering these new technologies are few, among them for example Elon Musk with his ground-breaking projects such as Tesla Motors and SolarCity, Powerwall (the Tesla home battery), and some others. This paper is dealing with recent developments and trends in the field of innovations in the energy storage. Its main value-added is the comprehensive overview of the current state-of-the-art and identifying the pathways to follow.

Keywords: Energy Storage; Storage Device; Batteries; Energy Policy (search for similar items in EconPapers)
JEL-codes: C32 Q4 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2017-01-07

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