Commercialisation of Sustainable Energy Technologies

P. Balachandra, B. Sudhakara Reddy
JEL codes: 

Commercialization efforts to diffuse sustainable energy technologies (SETs) need to be
sustainable in terms of replication, spread and longevity, and should promote goal of
sustainable development. Limited success of diffusion through government driven pathways
illustrates the need for market-based approaches to SET commercialization. This paper
presents a detailed treatment of the pre-requisites for adopting a private sector driven
business model approach for successful diffusion of SETs. This is expected to integrate the
processes of market transformation and entrepreneurship development with innovative
regulatory, marketing, financing, incentive and intermediary mechanisms. Further, it
envisages a public-private partnership driven-mechanism as a framework for diffusion
leading to technology commercialization.