Commercialising spin-out technology is a critical driver for bridging the gap between innovation in research institutions and real-world applications, especially in sectors like renewable energy. These spin-outs translate groundbreaking ideas from the lab into viable market solutions, accelerating innovation and enabling significant environmental and economic benefits. Without formal commercialisation processes, many technological advancements could remain underutilised, delaying their real-world impact and broader adoption for years.
Spin-out technologies in renewable energy address crucial global challenges, including climate change, energy security, and resource depletion. Commercialising such innovations allows for large-scale deployment, contributing to the global shift towards sustainable energy through solutions like cleaner energy sources and enhanced energy efficiency. The economic advantages of this process are substantial; new companies formed around spin-out technologies foster job creation, drive investment, and stimulate local and international economies. Moreover, revenue generated by successful spin-outs can be reinvested into research and development (R&D), creating a cycle that promotes continuous technological progress.
Investment plays an essential role in this cycle. The promise of commercial success draws in capital from venture capitalists and corporations, which is crucial for scaling operations and refining technology. Such investment not only supports the growth of these spin-outs but also allows them to compete in the global marketplace, thereby broadening their reach and impact.
A key aspect of successful spin-out development is the collaboration between academia and industry. This relationship ensures that scientific breakthroughs are aligned with market needs, enabling solutions that can be widely adopted and scaled. Through commercialisation, renewable energy technologies can be rapidly brought to market, facilitating the transition to cleaner energy and advancing net-zero goals.
Natural Power serves as an example of how fostering innovation within an established business can lead to significant industry advancements. Over its 30-year history, the company has spearheaded a number of projects that underline the importance of spin-out technology. Collaborative efforts, such as developing the computational fluid dynamics model Ventos with the University of Porto and implementing eDNA techniques for ecological surveys, demonstrate how partnerships can drive forward cutting-edge solutions. These innovations have practical implications, like the EchoSense bat detection system, which enhances wildlife protection at wind farms.
To strengthen its focus on innovation, Natural Power established a new position, Head of Innovation, to harness and develop promising ideas, create growth strategies, and oversee their implementation. The company’s commitment to distinguishing true innovation from mere progress highlights its strategic approach. Innovation is defined by breakthrough ideas with significant impact potential, whereas continuous improvement focuses on incremental enhancements without altering core operations. Both approaches, however, are essential for business growth and operational efficiency, and Natural Power advocates for rewarding and promoting both.
The company’s history of innovations also extends to digitalisation, a critical factor in operating renewable energy projects efficiently. Through advanced software and data integration, digital solutions can streamline operations, enhance safety, and support decision-making. The launch of KUDO Energy exemplifies Natural Power’s approach to leveraging digital technology for industry-wide benefits. KUDO’s initial products, Connect and Command, aim to enhance the efficiency and safety of renewable projects throughout their lifecycle while streamlining the work management of onsite and remote workers. By establishing KUDO as a separate entity, Natural Power has adopted best practices for software development while capitalising on its in-depth industry knowledge.
An example of the KUDO Software products.
Collaborative projects are another cornerstone of Natural Power’s innovation strategy. The company has developed extensive partnerships with academic institutions and industry experts. Such collaborations have included internships that contribute to real-world projects and research efforts, advancing areas like wind flow modelling and the technical-economic assessment of combined energy storage and generation systems. These engagements have also led to PhD and EngD research projects, enriching the company’s expertise in fields like power forecasting and condition monitoring.
A standout example of Natural Power’s collaborative efforts is its work with ORE Catapult, Anakata, and academic partners in the Marine Energy Engineering Centre of Excellence (MEECE). This project focused on optimising vortex generators for wind turbine blades, integrating academic insights and real-world operational expertise to achieve tangible industry benefits. Through this partnership, Natural Power validated the results of the aerodynamic upgrades, highlighting how strategic collaborations can foster innovative solutions that enhance renewable energy infrastructure.
In conclusion, the commercialisation of spin-out technologies is essential for harnessing the full potential of research-driven innovation. This process not only supports environmental goals through advancements in renewable energy but also drives economic growth and sustainable development. Companies like Natural Power illustrate how nurturing a culture of innovation and fostering partnerships between academia and industry can yield practical, scalable solutions that benefit the entire sector.