Department of Engineering
Dean:Dr. Ármann Gylfason
MSc in Sustainable Energy Science - Iceland School of Energy
About majorMSc í orkuvísindum er nám hannað fyrir nemendur með ólíkan bakgrunn, t.d. viðskiptafræði, raunvísindi eða félagsvísindi sem hafa áhuga á að skilja samspil tækni, hagfræði og stefnumótunar á sviði endurnýjanlegrar orku.
Learning OutcomesView
Mandatory course on majorTeaching language
Optional course on majorPrerequisites for course
Sumar/Summer 2024
More infoEnergy Field SchoolCoreSE-801-ES1ECTS 6
More infoMSc ThesisCoreT-900-MEISECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Haustönn/Fall 2024
More infoSpecial Topics in Energy IElectiveSE-801-STEECTS 1
More infoEnergy TechnologyCoreSE-802-ET1ECTS 6
More infoEnergy GeologyElectiveSE-803-GE1ECTS 3
More infoEnergy EconomicsCoreSE-805-EC1ECTS 6
More infoSpecial Topics in Energy IIIElectiveSE-806-STEECTS 6
More infoGeothermal Conceptual ModelingElectiveSE-814-GCMECTS 3
More infoEnergy Markets and RegulationsElectiveSE-850-EMRECTS 3
More infoManaging Research and Development - Methods and ModelsElectiveT-814-PRODECTS 8
1. yearPrint
SemesterFall 2024
Level of course6. Second cycle, advanced
Type of courseElective
PrerequisitesNo prerequisites.
ScheduleNo schedule found.
Páll Kristján Pálsson
We cover the engineering approach to innovation and entrepreneurship in lectures and a practical program in which students work in an active company.Due to increasing freedom in trade and internationalization the competition between companies is boosting. At the same time consumers demand new solutions, and the technology develops, resulting in older solutions becoming obsolete. Such conditions require constant innovation in companies’ management and an understanding of the nature of innovation and entrepreneurship. Innovation is not only necessary in technological companies, but in all companies that intend to live and prosper.The course will cover innovation and the ability companies have for innovation in light of market, science, engineering, planning and financial presumptions. We deal with the terms innovation and entrepreneurship and their significance for modern management and put in context with success. We will also cover the value of knowledge, intellectual property rights and patent rights. Then we cover the internationalization and its impact on the innovation process.Special emphasis will be put on systematic development of the processes connected to innovation and worked on a project in a real company in this field.The aim is that the students aquire an understanding of the cause of success and mistake in innovation within a company and how companies can increase their ability for innovation and the importance of innivation and initative thinking for the existence of companies.Students will, at the end of the course,  have aquired a steadfast  knowledge of the method applied within product-developement and innovation in companies and be able to apply them on their own in the furture. 
Learning outcome - Objectives
At the end of the course the students shall have reliable knowledge of the methods used creating innovation basis and be capable to develop and construct a system for managing innovation in companies.???????
  • Understand the presumption for success and the reasons for mistakes in innovation within companies.
  • Understand how companies can develop, maintain and increase their skill for innovation and the value of innovation and initiative thinking for the existence of companies.
  • Knowing companies methodology for developing products and innovation and pioneer thinking and the development of new products (goods and service).
  • Be familiar with companies methodology for developing products and innovation and being able to use it.
  • Posses good knowledge of the main items of the innovator science and adaptation and  integration of the knowledge of individual employees in order to create strong teams.
  • Be able to evaluate the reasons for success and evade  mistakes in innovation within companies.
  • Can by themselves take on a systematical construction and the processes connected to innovation in companies and possess the understanding, skill and knowledge to manage the development and running of such systems within companies.
  • Be able to introduce and interpret the conclusions  and proposals on the above mentioned fields and be able to express themselves on those issues.
Course assessment
Reports (4), each 18% total 72%. Verbal exam 28%.
Reading material
No reading material found.
Teaching and learning activities
Lectures and project work.
Language of instructionEnglish
More infoNumerical fluid flow and heat transferElectiveT-864-NUFFECTS 8
More infoHigh Voltage EngineeringElectiveT-866-HIVOECTS 8
More infoSmart-Grid and Sustainable Power SystemsElectiveT-867-GRIDECTS 8
More infoMSc ThesisCoreT-900-MEISECTS 30
More infoMSc thesis IICoreT-901-MEI2ECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Vorönn/Spring 2025
More infoProject Management and Strategic PlanningElectiveT-803-VERKECTS 8
More infoCreating a Complete Business Plan for a Technical Idea - Entrepreneurship and the Innovation ProcessElectiveT-814-INNOECTS 8
More infoFinite Element Analysis in EngineeringElectiveT-844-FEMMECTS 8
More infoWind PowerElectiveT-863-WINDECTS 8
More infoPower System OperationElectiveT-867-POSYECTS 8
More infoStability and Control in Electric Power SystemsElectiveT-867-STABECTS 8
More infoMSc ThesisCoreT-900-MEISECTS 30
More infoMSc thesis IICoreT-901-MEI2ECTS 30