Innovation and Exergization

Innovation and Exergization

By: Ibrahim Dincer

Innovation can be defined as the process of creating (and/or developing) new things (such as models, products, services, systems, technologies, etc.) and is recognized as a unique tool to link the research dimensions to commercialization. The role of innovation is significantly recognized by numerous countries as a critical component in technology development for more value-added economic activities and greater prosperity which will make a country truly a developed one. In addition, exergization is introduced as the art of using exergy and its enhanced tools for better design and analysis, assessment and evaluation, and improvement of energy systems and applications. Defining exergy previously as the confluence of energy, economy, environment and sustainable development confirms that any tangible innovation should be interacted with exergization to better cover all dimensions of energy, efficiency, economy, environment, resources and sustainable development and create more tangible systems, applications, processes, components, products, services, etc. In this regard, the present plenary talk will discuss all the relevant issues and provide a prescription about how to prepare right policies and strategies for research, innovation and commercialization with respect to exergization. It will also include some illustrative and practical examples.