Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Case
-
Reference no. 323-0202-1
Published by: HEC Paris
Originally published in: 2023
Revision date: 19-Oct-2023

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

Related