Marine energy innovation in the UK energy system: Financial capital, social capital and interactive learning

Mark Winskel*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Innovation activity in marine energy (wave and tidal stream) has been catalysed by a series of recent UK policy initiatives. However, the wider UK energy system remains substantially oriented to market competition and efficiency. As a result, tensions have emerged between recent R&D activity (especially interactive and collaborative learning) and its economic and institutional context. Drawing on interviews with marine energy device developers, these tensions are interpreted here as a conflict between social capital and financial capital. At the same time, the case also reveals complementary aspects of the relationship between social and financial capital.
Original languageEnglish
Pages (from-to)472-491
Number of pages20
JournalInternational Journal of Global Energy Issues
Volume27
Issue number4
Early online date13 Aug 2007
DOIs
Publication statusPublished - 25 Oct 2007

Keywords

  • financial capital
  • innovation
  • intellectual property
  • IP
  • marine energy
  • renewable energy
  • social capital
  • VC
  • venture capital

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