- Published: 28 February 2017 28 February 2017
Renewable energy finds itself in a bit of a Catch-22 situation when it comes to innovation. Intrepid entrepreneurs with impressive ideas which would reduce levelised cost of energy (LCOE), improve annual energy production (AEP), reduce the CAPEX cost of wind turbines, solar panels and energy storage systems, or even reduce the OPEX cost to maintain renewable energy installations, are being stifled. Even OEMs have shown either incremental product and technology innovations, or pie-in-the-sky new products which have little hope of ever seeing the commercial market.
By Philip Totaro, Founder & CEO, Totaro & Associates