Technology & Innovation for low carbon energy
Vivid provides world leading insight into the role, including monetary benefits and market size, of technology and innovation in achieving a low carbon energy system
While it is clear the global energy transition is gaining momentum, the technology mix to decarbonise the global economy remains uncertain. Vivid helps its corporate clients to map the potential market size of innovative technologies and understand wider energy system factors that can affect the market. For governments, Vivid adviseson innovation spending priorities in the context of a rapidly changing energy system.
Vivid’s offering combines deep economic and policy expertise with a network of world–leading technical experts
Uniquely, Vivid’s approach is anchored in a ‘systems’ perspective. We leverage our deep expertise of the wider energy system and possible energy transition pathways, for which Vivid provides scenarios to energy majors and governments alike. To ensure our analysis captures the latest advances in all key technologies and their components, we leverage our network of academic experts, both economic and engineering, across leading institutions. Vivid’s innovation leads combine both engineering and economics backgrounds, ensuring that our analysis builds on the latest insight from both fields and that critical feedback loops, such as the impact of economies of scale on technology costs, are accurately captured.
Vivid Economics applies a leading innovation prioritisation framework, combining energy system modelling, micro-economic modelling and policy analysis.
Understanding innovation opportunities requires a multidimensional approach. Leveraging existing approaches used by UK, US, EU and Japanese governments, Vivid has developed a coherent innovation prioritisation framework which captures energy system needs, business opportunities and policy needs to identify innovation opportunities. The framework is modular, and depending on client needs, can be adapted to focus on elements of interest.