Report Predicts Huge Growth in Clean Energy Technologies
Category:Energy Type: News Source: US Department of Energy (Biomass) Date: Wednesday, March 23rd, 2005
Prepare yourself for a boom in clean energy technologies: Markets for solar energy, wind energy, and fuel cells are poised to grow from $16 billion in global revenues in 2004 to in excess of $100 billion by 2014, according to a report released on March 22nd by Clean Edge, Inc., an energy research and publishing firm. Clean Edge plans that over the next 10 years, markets for solar photovoltaic devices will grow from $7.2 billion to $39.2 billion; wind power installations will expand from $8 billion to $48.1 billion; and fuel cells and distributed hydrogen will grow from $900 million to $15.1 billion. See the Clean Edge report, "Clean-Energy Trends 2005".
Another indicator of the burgeoning clean energy industry is the growth of key conferences. The POWER-GEN Renewable Energy conference, held early in March, experienced a 100-percent growth in exhibitors and a 60-percent growth in attendees, according to the American Council on Renewable Energy (ACORE), a major sponsor. See the ACORE press release (PDF 51 KB). Download Acrobat Reader.
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