Edited by Rolf Wüstenhagen, Good Energies Professor for Management of Renewable Energies and Director, Institute for Economy and the Environment, University of St Gallen, Switzerland and Robert Wuebker, Post Doctoral Fellow, Management Department, University of Utah, US

• Contents:1. An Introduction to Energy Entrepreneurship ResearchRolf Wüstenhagen and Robert Wuebker PART I: THE ROLE OF START-UP FIRMS IN ENERGY ENTREPRENEURSHIP2. Market Failure, Market Dynamics and Entrepreneurial Innovation by Environmental VenturesElizabeth Garnsey, Nicola Dee and Simon Ford3. Prolonged Gestation and Commitment to an Emerging Organizational Field: Energy Efficiency and Renewable Energy Businesses in Minnesota 1993–2009Alfred Marcus, Marc H. Anderson, Susan Cohen and Kathleen Sutcliffe4. Entrepreneurial Learning in Energy Technology Start-ups: A Case Study in the Biogas MarketPetra Dickel and Helga AndreePART II: INTERNATIONAL ENERGY ENTREPRENEURSHIP5. Entrepreneurial Opportunity and the Formation of Photovoltaic Clusters in Eastern GermanyMatthias Brachert and Christoph Hornych6. The Rise of Chinese Challenger Firms in the Global Solar IndustryGabrielle Meersohn and Michael W. Hansen7. International Entrepreneurship in the Offshore Renewable Energy IndustryNicolai Løvdal and Arild AspelundPART III: ENERGY ENTREPRENEURSHIP AND LARGE INCUMBENT FIRMS8. Photovoltaic Business Models: Threat or Opportunity for Utilities?Jean-Marc Schoettl and Laurence Lehmann-Ortega9. Why Corporate Venture Capital Funds Fail: Evidence from the European Energy IndustryTarja Teppo and Rolf WüstenhagenPART IV: FINANCING ENERGY ENTREPRENEURSHIP10. Business Angels and Energy Investing: Insights from a German Panel StudyDietmar Grichnik and Christian Koropp 11. Venture Capital Investment in the Greentech Industries: A Provocative EssayMartin Kenney12. How do Business Models Impact Financial Performance of Renewable Energy Firms?Moritz LoockPART V: COMMERCIALIZING ENERGY INNOVATION13. Interfirm Relationships in a New Industry: The Case of Fuel Cell TechnologiesStefano Pogutz, Angeloantonio Russo and Paolo Migliavacca14. Challenges of Doing Market Research in the New Energy MarketRoland Abold15. Path Dependence, Path Creation and Creative Destruction in the Evolution of Energy Systems Raimo Lovio, Per Mickwitz and Eva HeiskanenPART VI: ENERGY ENTREPRENEURSHIP, INSTITUTIONS AND PUBLIC POLICY16. Making, Breaking, and Remaking Markets: State Regulation, Entrepreneurship, and Photovoltaic Electricity in New JerseyDavid M. Hart17. International Entrepreneurship and Technology Transfer: The CDM Situation in ChinaJoão Aleluia and João Leitão18. Incentive Prizes to Stimulate Energy Innovation and EntrepreneurshipNeil Peretz and Zoltan AcsIndex

Edited by Rolf Wüstenhagen, Good Energies Professor for Management of Renewable Energies and Director, Institute for Economy and the Environment, University of St Gallen, Switzerland and Robert Wuebker, Post Doctoral Fellow, Management Department, University of Utah, US

• Contents:1. An Introduction to Energy Entrepreneurship ResearchRolf Wüstenhagen and Robert Wuebker PART I: THE ROLE OF START-UP FIRMS IN ENERGY ENTREPRENEURSHIP2. Market Failure, Market Dynamics and Entrepreneurial Innovation by Environmental VenturesElizabeth Garnsey, Nicola Dee and Simon Ford3. Prolonged Gestation and Commitment to an Emerging Organizational Field: Energy Efficiency and Renewable Energy Businesses in Minnesota 1993–2009Alfred Marcus, Marc H. Anderson, Susan Cohen and Kathleen Sutcliffe4. Entrepreneurial Learning in Energy Technology Start-ups: A Case Study in the Biogas MarketPetra Dickel and Helga AndreePART II: INTERNATIONAL ENERGY ENTREPRENEURSHIP5. Entrepreneurial Opportunity and the Formation of Photovoltaic Clusters in Eastern GermanyMatthias Brachert and Christoph Hornych6. The Rise of Chinese Challenger Firms in the Global Solar IndustryGabrielle Meersohn and Michael W. Hansen7. International Entrepreneurship in the Offshore Renewable Energy IndustryNicolai Løvdal and Arild AspelundPART III: ENERGY ENTREPRENEURSHIP AND LARGE INCUMBENT FIRMS8. Photovoltaic Business Models: Threat or Opportunity for Utilities?Jean-Marc Schoettl and Laurence Lehmann-Ortega9. Why Corporate Venture Capital Funds Fail: Evidence from the European Energy IndustryTarja Teppo and Rolf WüstenhagenPART IV: FINANCING ENERGY ENTREPRENEURSHIP10. Business Angels and Energy Investing: Insights from a German Panel StudyDietmar Grichnik and Christian Koropp 11. Venture Capital Investment in the Greentech Industries: A Provocative EssayMartin Kenney12. How do Business Models Impact Financial Performance of Renewable Energy Firms?Moritz LoockPART V: COMMERCIALIZING ENERGY INNOVATION13. Interfirm Relationships in a New Industry: The Case of Fuel Cell TechnologiesStefano Pogutz, Angeloantonio Russo and Paolo Migliavacca14. Challenges of Doing Market Research in the New Energy MarketRoland Abold15. Path Dependence, Path Creation and Creative Destruction in the Evolution of Energy Systems Raimo Lovio, Per Mickwitz and Eva HeiskanenPART VI: ENERGY ENTREPRENEURSHIP, INSTITUTIONS AND PUBLIC POLICY16. Making, Breaking, and Remaking Markets: State Regulation, Entrepreneurship, and Photovoltaic Electricity in New JerseyDavid M. Hart17. International Entrepreneurship and Technology Transfer: The CDM Situation in ChinaJoão Aleluia and João Leitão18. Incentive Prizes to Stimulate Energy Innovation and EntrepreneurshipNeil Peretz and Zoltan AcsIndex

Edited by Rolf Wüstenhagen, Good Energies Professor for Management of Renewable Energies and Director, Institute for Economy and the Environment, University of St Gallen, Switzerland and Robert Wuebker, Post Doctoral Fellow, Management Department, University of Utah, US

• Contents:1. An Introduction to Energy Entrepreneurship ResearchRolf Wüstenhagen and Robert Wuebker PART I: THE ROLE OF START-UP FIRMS IN ENERGY ENTREPRENEURSHIP2. Market Failure, Market Dynamics and Entrepreneurial Innovation by Environmental VenturesElizabeth Garnsey, Nicola Dee and Simon Ford3. Prolonged Gestation and Commitment to an Emerging Organizational Field: Energy Efficiency and Renewable Energy Businesses in Minnesota 1993–2009Alfred Marcus, Marc H. Anderson, Susan Cohen and Kathleen Sutcliffe4. Entrepreneurial Learning in Energy Technology Start-ups: A Case Study in the Biogas MarketPetra Dickel and Helga AndreePART II: INTERNATIONAL ENERGY ENTREPRENEURSHIP5. Entrepreneurial Opportunity and the Formation of Photovoltaic Clusters in Eastern GermanyMatthias Brachert and Christoph Hornych6. The Rise of Chinese Challenger Firms in the Global Solar IndustryGabrielle Meersohn and Michael W. Hansen7. International Entrepreneurship in the Offshore Renewable Energy IndustryNicolai Løvdal and Arild AspelundPART III: ENERGY ENTREPRENEURSHIP AND LARGE INCUMBENT FIRMS8. Photovoltaic Business Models: Threat or Opportunity for Utilities?Jean-Marc Schoettl and Laurence Lehmann-Ortega9. Why Corporate Venture Capital Funds Fail: Evidence from the European Energy IndustryTarja Teppo and Rolf WüstenhagenPART IV: FINANCING ENERGY ENTREPRENEURSHIP10. Business Angels and Energy Investing: Insights from a German Panel StudyDietmar Grichnik and Christian Koropp 11. Venture Capital Investment in the Greentech Industries: A Provocative EssayMartin Kenney12. How do Business Models Impact Financial Performance of Renewable Energy Firms?Moritz LoockPART V: COMMERCIALIZING ENERGY INNOVATION13. Interfirm Relationships in a New Industry: The Case of Fuel Cell TechnologiesStefano Pogutz, Angeloantonio Russo and Paolo Migliavacca14. Challenges of Doing Market Research in the New Energy MarketRoland Abold15. Path Dependence, Path Creation and Creative Destruction in the Evolution of Energy Systems Raimo Lovio, Per Mickwitz and Eva HeiskanenPART VI: ENERGY ENTREPRENEURSHIP, INSTITUTIONS AND PUBLIC POLICY16. Making, Breaking, and Remaking Markets: State Regulation, Entrepreneurship, and Photovoltaic Electricity in New JerseyDavid M. Hart17. International Entrepreneurship and Technology Transfer: The CDM Situation in ChinaJoão Aleluia and João Leitão18. Incentive Prizes to Stimulate Energy Innovation and EntrepreneurshipNeil Peretz and Zoltan AcsIndex