ABSTRACT
Renewable energy-based systems and their scalability are one of the most salient topics in engineering and their pertinence to global sustainability holds great appeal. In this chapter, management approaches to such emerging technological innovation for the advancement of the renewable energy sector are examined through an extended literature review. To achieve zero emissions, energy storage facilities and innovative energy systems require investments from both independent venture capitalists and allied corporate venture capitalists who have a specialized focus on developing cleantech ventures. Moreover, there are augmenting factors that reinforce the development and growth of these emerging industries, such as the external costs of using fossil fuels, the risks of climate change, and other global growing concerns about energy sustainability. However, these cleantech ventures still face enormous challenges due to venture capitalists’ particular risk appetite, preferred investment outcomes, venture framing, and investment domain familiarity, among other constraints. These issues can be addressed by an alternative risk-taking approach to managing and measuring continuous technological innovation in conjunction with a redefinition of the success terms.
