Event Title

Innovation in Energy Storage Technologies: An Economic Analysis

Presenter Information

Valerie Rubalcava
Kelli Zeleski

Mentor 1

Itziar Lazkano

Location

Union Wisconsin Room

Start Date

27-4-2018 1:00 PM

Description

Scientists and policy makers identify energy storage as a key solution to curbing greenhouse gas emissions that arise from burning fossil fuels. In this paper, we explore the economics of energy storage technologies. Specifically, we ask the following research questions. Which countries lead innovation in electricity storage technologies? What are the innovation trends for these technologies, and what motivates their invention? We study global patent data from 1963 to 2016 to answer these questions. We also use storage technology patents to observe trends in the most prevalent storage technology types. We identify current available storage technologies using engineering articles related to renewable, fossil fuel, and storage systems. Overall, we find that Japan is the most innovative country. In addition, we find that batteries have the most stable upward trend between years 1990 to 2010. Our analysis of energy storage innovation is helpful to professionals in a range of fields interested in directing public policies and research efforts towards more innovation and deployment of storage technologies.

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Apr 27th, 1:00 PM

Innovation in Energy Storage Technologies: An Economic Analysis

Union Wisconsin Room

Scientists and policy makers identify energy storage as a key solution to curbing greenhouse gas emissions that arise from burning fossil fuels. In this paper, we explore the economics of energy storage technologies. Specifically, we ask the following research questions. Which countries lead innovation in electricity storage technologies? What are the innovation trends for these technologies, and what motivates their invention? We study global patent data from 1963 to 2016 to answer these questions. We also use storage technology patents to observe trends in the most prevalent storage technology types. We identify current available storage technologies using engineering articles related to renewable, fossil fuel, and storage systems. Overall, we find that Japan is the most innovative country. In addition, we find that batteries have the most stable upward trend between years 1990 to 2010. Our analysis of energy storage innovation is helpful to professionals in a range of fields interested in directing public policies and research efforts towards more innovation and deployment of storage technologies.