The Applications of Nanotechnology in Renewable Energy

Abstract

Purpose: The main objective of this study was to explore the applications of nanotechnology in renewable energy.
 Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library.
 Findings: The findings revealed that there exists a contextual and methodological gap relating to the applications of nanotechnology in renewable energy. Preliminary empirical review revealed that the transformative potential of nanotechnology in revolutionizing renewable energy production, storage, and utilization. Through interdisciplinary collaboration and innovation, nanotechnology offers solutions to enhance the efficiency of photovoltaic cells, improve the performance of batteries and supercapacitors, and facilitate cleaner energy production with nanocatalysts. These findings underscore the need for continued research and development, paving the way for a more sustainable and environmentally friendly future in the renewable energy sector.
 Unique Contribution to Theory, Practice and Policy: The Diffusion of Innovations Theory, Technology Acceptance Model (TAM) and Resource-Based View (RBV) Theory may be used to anchor future studies on nanotechnology and renewable energy. The study offered several key recommendations. Firstly, it emphasizes the importance of fostering collaborative research initiatives among academia, industry, and government agencies to accelerate the development and adoption of nanotechnology in renewable energy. Secondly, the study suggests investing in nanotechnology education and training programs to bridge the skills gap and equip the workforce with the necessary expertise. Lastly, it underscores the need for clear and comprehensive policy frameworks to regulate nanotechnology in the renewable energy sector, addressing safety, environmental, and ethical concerns while incentivizing compliance. These recommendations collectively aim to promote the responsible and efficient integration of nanotechnology in renewable energy, contributing to a sustainable and innovative energy landscape.