Posts Tagged: "clean energy"

Patent Trends Study Part Eleven: Cleantech Industry

Yesterday, we discussed patenting trends in artificial intelligence (AI). Today, we turn to the cleantech and green tech industries, which are changing many established industries in different sectors of the economy, as well as providing entirely new areas to innovate. Cleantech innovation is relatively steady in recent years after a growth spurt that started nearly a decade ago. Those early growth trends were likely driven by government stimulus funds that have disappeared along with the growing innovation trend.  The promise of a green revolution powered by cleantech may still be happening, but it simply is not a patent growth area in general except for a few areas explored below. Developing new products in this space takes years and there are many factors that interrupt this cycle to make product introduction difficult.

Chinese solar farms make country a global leader in renewables despite world’s deadliest air quality

The Anhui solar farm is the world’s largest floating farm but its 40 MW capacity is much lower than other large photovoltaic power stations across the world. However, news reports have focused on the fact that the Anhui farm is the latest in a string of renewable energy plant construction projects, which have been ramping up in China. In recent years, that country’s central government has made steps towards building massive solar farms on land, including a 2,550-hectare plant in the Gobi Desert.

The Future of CleanTech Patents

The number of U.S. patents granted for clean energy technology has recently dropped following a near 10-year period of growth. In fact, according to the Brookings Institute, the number of CleanTech patents granted in the country fell by a whopping nine percent between 2014 and 2016. When the economy picks up and things shift again, energy patents should be able to move forward, but for now, the uncertainty with the current Trump administration has brought things to a complete standstill.

Slump in Clean Energy Patents Causes Concern

As of late, the spike of clean energy technology innovation is slowing down in the United States, during a time that the Trump administration is aiming to drastically cut government research spending in the industry… The slump in clean energy patents is a direct result of the downturn in oil and gas prices, according to Morico. “When oil was trading at over $100 per barrel just before the crash in 2014, there was a lot of investment going into renewable/clean energy. After the prices of oil crashed, investors started cutting back their investments in renewable/clean energy because the costs of many of these technologies couldn’t compete with low oil and gas prices,” he explained.

Clean energy patent market may offer significant financial gains

With an increase in the number of patents being issued for clean energy technologies, it’s not surprising to see predictions of increased patent litigation in the sector. Patent infringement cases in the clean energy sector have already involved many of the industry’s top companies, including Westinghouse Solar, Zep Solar, DuPont (NYSE:DD) and SunEdison. Although patent issuances have exploded in that field, the market isn’t nearly as crowded as smartphones and other industries where a much higher number of patents have issued, making those sectors more visible to NPEs. With the renewed calls for both private and public investment into clean energy R&D in the wake of the Paris climate change conference, it’s clear to see that intellectual property owners who can successfully navigate the patent market could make significant financial gains.