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Wind Power Futures from Innovation Mapping

      Wind Power.  Is the future is already here?

wind power Wind power has been used for centuries to grind grain into meal or flour and to pump water in remote locations. While the basic ideas of wind power are time-tested, the last few decades have witnessed the evolution of windmills into huge, sophisticated wind turbines that can deliver electric power efficiently. We have also witnessed the birth of the wind farming, a new industry. Wind farming uses a collection of wind turbines to provide a significant portion of power to a village, a town, cities and/or large industries.

      Wind Power: advantages and disadvantages

wind power report cover There are real advantages to generating electricity with wind power.
      •  Wind energy is free to all, thereby reducing dependence on fossil fuels.
      •  Energy from wind comes with a low carbon footprint.
      •  The technology is already scalable, allowing the right turbine to be chosen for the job.
      •  With thousands of windmills and wind turbines already deployed, some would say
         that the technology is now well proven.

There are also significant disadvantages to generating energy with wind power.
      •  The wind does not blow on our demand. As result, electric power from wind energy
         is intermittent.
      •  Practical wind turbines are huge and must be placed high to efficiently capture
         air movement. Some believe that they generate noise and visual pollution.
      •  Practical wind turbines are expensive and installations currently depend on
         tax credits and subsidies to be practical.
      •  Current wind turbines require regular maintenance, something that is
         especially difficult and expensive in remote locations.

      Emerging Tech Insights' Wind Power Innovation Report

Traditional marketing research follows the money and the market share. Using the traditional picture, we can see a one dimensional picture of wind energy – ever larger scale, grid connected power generation. However, in many vibrant new technologies, there are multiple approaches to product development. Is that true for wind energy? Are there new technological options that will lead to new products that can change the wind power game?

We can foresee the technological options that the wind industry has available if we employ technology landscaping (commercialization literature mapping or patent mapping). Using technology landscaping techniques, Emerging Tech Insights was able to answer the following key questions about wind power futures and foresee likely winners and losers.
      •  Where is the commercialization occurring?
      •  Who are the major players in wind power today? What are they doing?
      •  Are there any new players? What are they doing?
      •  What kind of innovation is occurring?
            •  Are they sustaining (small or incremental) changes?
            •  Are they disruptive (new and revolutionary) ideas?
      •  How can we play? What should we expect?
            •  How can investors participate?
            •  What can executives expect?
            •  Where can inventors participate?

      View the Wind Power Innovation Model - Free

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I’m obligated to remind all that the opinions expressed are those of the author and are NOT managerial, accounting or legal advice advice. Emerging Tech Insights strongly encourages you to seek competent legal advice.

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