Nanotechnology Innovations & Business Opportunities in Renewable Energy Sector

International Journal of Engineering Research and Modern Education (IJERME) ISSN (Online): 2455 - 4200, Vol. I, Issue I, 2016, pp. 674- 692

19 Pages Posted: 16 Aug 2016

See all articles by P. S. Aithal

P. S. Aithal

Srinivas University

Shubhrajyotsna Aithal

Srinivas Institute of Management Studies

Date Written: June 30, 2016

Abstract

Nanotechnology, being anticipated general purpose breakthrough technology of 21st century, has potential to solve problems related to human civilizations pertaining to both basic needs and aspirations for comfort life. Out of basic needs of human which include food, drinking water, energy, cloth, shelter, health and clean environment, perhaps, solving energy problem by providing a way to generating, storing, and converting it to required form at any time and any amount of time called ‘ubiquitous energy’ is the opportunity and the challenge for scientific world and for human prosperity. In this paper, we have discussed the challenges and opportunities of nanotechnology innovations and business opportunities in energy sector. The nanotechnology impact on seven areas of energy sector including solar energy, wind energy, nuclear energy, oil-fuel based energy, artificial photosynthesis, energy storage and effective energy management to promote nanotechnology based energy as ubiquitous energy are discussed and reviewed.The paper includes possible innovations and research opportunities in nano-modified solar cells, Nano-influenced Fuel storage cells, and nanotech based artificial photosynthesis. We have also used ABCD analysis to discuss the business opportunities by studying the advantages, benefits, constraints and disadvantages of nanotechnology based energy solutions. Finally, a futuristic possible solution is proposed for the problem of how to solve ever demanding energy crisis using Molecular Nanotechnology model.

Keywords: Ubiquitous energy, Nanotech based energy solutions, Business opportunities in nanotech energy sector, Futuristic molecular nanotech model

Suggested Citation

Aithal, P. S. and Aithal, Shubhrajyotsna, Nanotechnology Innovations & Business Opportunities in Renewable Energy Sector (June 30, 2016). International Journal of Engineering Research and Modern Education (IJERME) ISSN (Online): 2455 - 4200, Vol. I, Issue I, 2016, pp. 674- 692. Available at SSRN: https://ssrn.com/abstract=2822971

P. S. Aithal (Contact Author)

Srinivas University ( email )

Srinivas Campus
Pandeshwar
Mangalore, Mangalore 575001
India
9343348392 (Phone)

HOME PAGE: http://www.srinivasuniversity.ac.in

Shubhrajyotsna Aithal

Srinivas Institute of Management Studies ( email )

Srinivas Campus, Mangaladevi Road
Pandeshwar
Mangalore, 575001
India

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