Hanna Breetz

February 2011

Transforming the Energy Economy: Options for Accelerating the Commercialization of Advanced Energy Technologies

Report

By Venkatesh "Venky" Narayanamurti, Benjamin Peirce Professor of Technology and Public Policy; Professor of Physics, Harvard; Director, Science, Technology, and Public Policy Program; Co-Principal Investigator, Energy Technology Innovation Policy research group, Laura Diaz Anadon, Associate Director, Science, Technology, and Public Policy Program; Director, Energy Technology Innovation Policy research group; Adjunct Lecturer in Public Policy, Hanna Breetz, Associate, Science, Technology, and Public Policy Program/Energy Technology Innovation Policy research group, Matthew Bunn, Associate Professor of Public Policy; Co-Principal Investigator, Project on Managing the Atom, Henry Lee, Director, Environment and Natural Resources Program and Erik Mielke, Former Research Fellow, Energy Technology Innovation Policy research group, 2010–2011

"The focus of the workshop was on the demonstration stage of the technology innovation cycle. Current policies do not adequately address the private sector’s inability to overcome the demonstration "valley of death" for new energy technologies. Investors and financiers fear that the technology and operational risks at this stage of the cycle remain too high to justify the level of investment to build a commercial-sized facility."