Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy
Disruptive innovations are seen to have three core features: 1. They occupy a niche that expands into being a major disruption to a technological system; 2. They grow exponentially and are thus very surprising in their disruption and 3. They create stranded assets. This paper shows how renewable ene...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Published: |
Earthscan Ltd.
2017
|
| Online Access: | http://hdl.handle.net/20.500.11937/54012 |
| _version_ | 1848759282928975872 |
|---|---|
| author | Green, Jemma Newman, Peter |
| author_facet | Green, Jemma Newman, Peter |
| author_sort | Green, Jemma |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Disruptive innovations are seen to have three core features: 1. They occupy a niche that expands into being a major disruption to a technological system; 2. They grow exponentially and are thus very surprising in their disruption and 3. They create stranded assets. This paper shows how renewable energy with battery storage has the three core features of a disruptive innovation, and predicts that the number of fossil fuel stranded assets are thus likely to increase with the rise of renewable energy generation. Forecasts for the share of renewable capacity in global energy demand will go beyond current estimates, due to the introduction of battery storage and decline in retail renewable electricity prices, and could account for 100% of global energy demand in a number of different scenarios by 2050. We find that renewables and storage can be characterised as disruptive innovations and have the potential to change energy systems dramatically between now and 2050. |
| first_indexed | 2025-11-14T09:57:25Z |
| format | Journal Article |
| id | curtin-20.500.11937-54012 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:57:25Z |
| publishDate | 2017 |
| publisher | Earthscan Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-540122018-08-06T06:59:17Z Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy Green, Jemma Newman, Peter Disruptive innovations are seen to have three core features: 1. They occupy a niche that expands into being a major disruption to a technological system; 2. They grow exponentially and are thus very surprising in their disruption and 3. They create stranded assets. This paper shows how renewable energy with battery storage has the three core features of a disruptive innovation, and predicts that the number of fossil fuel stranded assets are thus likely to increase with the rise of renewable energy generation. Forecasts for the share of renewable capacity in global energy demand will go beyond current estimates, due to the introduction of battery storage and decline in retail renewable electricity prices, and could account for 100% of global energy demand in a number of different scenarios by 2050. We find that renewables and storage can be characterised as disruptive innovations and have the potential to change energy systems dramatically between now and 2050. 2017 Journal Article http://hdl.handle.net/20.500.11937/54012 10.1080/20430795.2016.1265410 Earthscan Ltd. restricted |
| spellingShingle | Green, Jemma Newman, Peter Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy |
| title | Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy |
| title_full | Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy |
| title_fullStr | Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy |
| title_full_unstemmed | Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy |
| title_short | Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy |
| title_sort | disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy |
| url | http://hdl.handle.net/20.500.11937/54012 |