Global Thermostat’s technology is aimed to remove carbon dioxide from the air. The organization’s innovation can be catalytic for the change in the industry of energy since the largest sources of carbon emissions are power plants that generate energy by burning fossil fuels. Global Thermostat uses inexpensive technology, which lowers the cost of carbon emission reduction dramatically and makes the innovation attractive to stakeholders. The invention can be utilized for ensuring that power plants, refineries, cement plants, and other industrial operations are more sustainable. Moreover, the Global Thermostat’s technology can change the way the society perceives energy and climate change. Currently, the value of natural resources is underestimated, which has an adverse effect on ecology and gradually reduces the quality of people’s lives.
We will write a custom Case Study on Global Thermostat Disrupts the Energy Industry specifically for you
301 certified writers online
Global Thermostat has several patents in the US and Japan, as well as those pending in 147 other countries. Its options for strategic positioning include commercialization of the technology with the help of the Stanford Research Institute International. Currently, the scientists are investigating whether there is a way to bring the carbon capture innovation to the market. The potential application would combine the company’s technology with a solar thermal power plant that will establish a carbon-negative source of power. The process will utilize the sun’s heat to extract carbon dioxide from the air and create electricity. BASF and Corning will lend the technology to Global Thermostat, while Summit Power will assist the organization in commercialization, using its sources in a clean coal project in Texas. Moreover, the innovation can be used for other industrial processes, such as fracking. Despite the challenges caused by the scientific skepticism and the lack of public awareness of environmental problems, the company’s authorities are committed to Global Thermostat’s success.