An appropriate focus on the parameters of innovation, sustainability, economics and ethics (ISEE) is considered critical for managing any new technology, and this is especially useful in the case of alternative energy technology, energy generation and energy utilization in a local and global socio-economic context. An attempt is made to determine the significance attached to the degree of ISEE parameters by surveying available literature on a broad basis and to compare it to a group of expert opinion. The large variety of aspects to be considered, the diverse alternative energy resources and their specific challenges, and the complex global environment in which energy resources have to be managed require an effective technology management model. A holistic management model that has been utilized in other complex multi-disciplinary high technology environments is suggested. A qualitative as well as an initial attempt at quantitative analysis is presented which elucidates the applicability of the critical ISEE parameters for a number of alternative energy resources and their respective technologies by assessing the amount of research papers that have been published. The study reflects on the relative desirability of the respective energy technologies, and it also briefly considers using a systems thinking management which will enable the judicious and effective use of energy technology in a responsible, socio-economically sound manner.