The world of Thermal Energy Storage is about to change – Here is why!
The wind doesn’t always blow, and the sun doesn’t always shine. Over the years, there has been tremendous progress in the solar and wind energy sector. Still, a power grid that relies on these volatile resources will struggle to match supply and demand consistently. Moreover, Renewable energy has a high wastage rate because it is […]
What to expect from the medical textiles industry in 2024?
Before the pandemic, the CAGR of patent filing in medical textiles was ~12.5%. Post-pandemic, it increased to 42.6%. The healthcare sector is advancing in many aspects, including smart devices, surgical robots, AR/VR consultation, etc. Medical textiles are one such aspect where we observed tremendous growth in innovation. As we uncovered these innovations, we saw many […]
Case Study: How we mined through 1600 patents to find valuable assets
Patents aim to add value to a company through different forms of monetization, and when the size of the patent portfolio increases, it becomes all the more important to identify the top-line assets. Considering the difference patent mining can make to a client, it can be time-consuming when you have to find a dozen good […]
Top Companies in Battery Energy Storage Systems
In 2021, the global battery energy storage systems market was valued at $4.04 billion and is expected to increase to $34.72 billion by 2030 with an approximate CAGR of 27%. Growing demand for power distribution energy storage systems due to continuous grid modernization and increased consumption of lithium-ion batteries in the renewable energy market is […]
Compostable Textiles in the Medical Industry
The COVID-19 pandemic resulted in a massive rise in the usage of medical personal protection equipment (PPE) worldwide. An exponential demand and the single-use nature of these products have led to the problem of littering. In addition, most of these products are made from plastics (such as polypropylene and polyethylene terephthalate) and have thus become […]
How to Use SCAMPER and Generate Innovative Ideas?
The first step towards innovation is brainstorming creative ideas. The second is finding ways to implement them in your product/service to improve it. However, brainstorming does not always guarantee solutions. Especially if you don’t know how to do it right. What do I mean by that? Stick with me, and I’ll share where your team […]
Antimicrobial Medical Textiles: Research has increased since COVID
Consumers have become more cautious since COVID knocked on our doors. Using hand sanitizers has become an ideal, surface disinfectant, a commodity. We also saw a similar trend in the textile industry – antimicrobial medical textiles. A survey conducted by Ascend Performance Materials found that 82% of people are likely to buy apparel with no-odor […]
The Growing Trend in Sensor-based Smart Medical Textiles
“What’s happening in your stomach?” an email popped up as I opened my laptop. Mr. Bertalan Mesko had got his hands on Gastric Alimetry, a flagship wearable gastric diagnostic device by Alimetry. ‘Smart medical textiles’, I thought to myself. The medical textile industry is growing exponentially. The increasing general awareness among consumers and the institutional […]
10 Metaverse Companies to watch in 2023
The metaverse, regarded as the next generation of the internet, is where the real and virtual worlds meet. The technology provides a space for endless, interconnected virtual communities. All by using virtual reality (VR) headsets, augmented reality (AR) glasses, smartphone apps, or other devices. It allows digital representations of people, known as avatars. They can […]
Pyramid Search: A Technique to find ideas from different domains to implement in yours
The pyramiding model of search underpins that people with broad interests in a particular area tend to know people with higher levels of knowledge than them. It resembles how a doctor knows which specialist to refer you to. As I came across this technique, I was curious to see if it would apply on an […]
Virtual Power Plant: A Growing Energy Storage Trend in 2023
The basis of a virtual power plant is that an electricity grid virtually connects hundreds, even thousands, of homes. These homes may already have solar and energy storage facilities installed. A virtual power plant can help use them collectively to act as a backup. It can be used when demand soars or to take excess […]
A peek into the Open Innovation Process
Alex, the R&D head of a leading logistics company in the US, approached us with a search project. He had intel that his competitors were researching RFID technology to track and manage products and assets in the supply chain. Like any other company, his team wanted to explore the scope of the technology. Further, they […]
How to Innovate by understanding Customer needs?
No matter which industry you belong to, whether its a B2B or a B2C firm, it is essential to understand your customers’ needs and improve their experience to thrive in this competitive world. As I was scrolling through my LinkedIn the other day, I stumbled upon a post by Deepak Syal, Director of GreyB. He’d […]
A Deeper dive into Long Duration Energy Storage Companies
As per the report by Global X ETF, to reach global net-zero power sector targets, Long-Duration Energy Storage Systems must be scaled up by an estimated 400 times from present-day levels to 85–140TWh by 2040. This scale-up equates to a $1.5–3.0 trillion investment opportunity. Source: Global X ETF Such a high investment opportunity results from […]
How is Nestle using AI in the Food Industry?
If you are working in the food industry you might be witnessing the increasing competition and demand first hand. To maintain the edge, companies, including the industry giants, are encouragingly adopting artificial intelligence in innovative ways. Nestle is one such company. To see the impact Artificial Intelligence is creating on the food industry we decided […]
Hydrogen Energy Storage: An Innovation Trend Analysis
If you are working in the energy sector, you must be aware of the research and development in various energy storage & hydrogen technologies. Various industrial applications such as glass, fertilizer, metal refining, and chemical manufacturing employ Hydrogen technology. This is because all of these businesses have an urgent need to reduce their carbon footprints […]
