Subject category:
Strategy and General Management
Published by:
HEC Paris
Revision date: 19-Oct-2023
Length: 13 pages
Data source: Field research
Abstract
Colas, a world leader of road construction and transport infrastructure services, launched the first-ever experimental solar-panel paved road that produces electricity in 2015. When the one-kilometer paved road in Normandy, France was inaugurated, the initiative received a lot of fanfare. The timing of the launch was timely in conjunction to the 2015 Paris Climate Conference (COP21). Colas, name derived from 'cold and asphalt' was founded in 1929, capitalizing on an innovative patent to exploit cold asphalt which facilitated road building techniques. The French multinational, a world leader in transport infrastructure, had a turnover of EUR13 billion with over 57,000 employees in 2021. Since its original inception in 2011, the solar roadway project has not made much headway. Although the solar road project was a failure, with a lot of patience spanning more than a decade, the R&D team was able to take the initial research and develop two spinoff and standalone products. This case study explores the long and patient path to innovation in established firms.
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Time period
The events covered by this case took place in April 2023.Geographical setting
Region:
Europe
Country:
France
Locations:
Magny-les-Hameaux;Tourouvre au Perche
Featured company
Colas
Employees:
10000+
Turnover:
EUR 16,203,000
Type:
Public company
Industry:
Construction
Featured protagonist
- Etienne Gaudin (male), Managing Director
About
Abstract
Colas, a world leader of road construction and transport infrastructure services, launched the first-ever experimental solar-panel paved road that produces electricity in 2015. When the one-kilometer paved road in Normandy, France was inaugurated, the initiative received a lot of fanfare. The timing of the launch was timely in conjunction to the 2015 Paris Climate Conference (COP21). Colas, name derived from 'cold and asphalt' was founded in 1929, capitalizing on an innovative patent to exploit cold asphalt which facilitated road building techniques. The French multinational, a world leader in transport infrastructure, had a turnover of EUR13 billion with over 57,000 employees in 2021. Since its original inception in 2011, the solar roadway project has not made much headway. Although the solar road project was a failure, with a lot of patience spanning more than a decade, the R&D team was able to take the initial research and develop two spinoff and standalone products. This case study explores the long and patient path to innovation in established firms.
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Settings
Time period
The events covered by this case took place in April 2023.Geographical setting
Region:
Europe
Country:
France
Locations:
Magny-les-Hameaux;Tourouvre au Perche
Featured company
Colas
Employees:
10000+
Turnover:
EUR 16,203,000
Type:
Public company
Industry:
Construction
Featured protagonist
- Etienne Gaudin (male), Managing Director