Today’s Pick: Clean Edge’s 2007 clean energy market trend report
Looking for a way to celebrate Earth Day this weekend? Check out Clean Edge’s “Clean Energy Trends 2007″ annual report.
Here are some of the key numbers from the report:
- “global markets for biofuels (global manufacturing and wholesale pricing of ethanol and biodiesel) reached $20.5 billion in 2006 and are projected to grow to $80.9 billion by 2016;
- wind power (new installation capital costs) is projected to expand from $17.9 billion in 2006 to $60.8 billion in 2016;
- solar photovoltaics (including modules, system components, and installation) will grow from a $15.6 billion industry in 2006 to $69.3 billion by 2016; and
- the fuel cell and distributed hydrogen market will grow from a $1.4 billion industry (primarily for research contracts and demonstration and test units) to $15.6 billion over the next decade.�
Key trends for 2007 are:
- the traction of carbon markets
- the growth of closed-loop biorefineries
- the promising growth of advanced batteries
- Wal-Mart’s unexpected clout as a clean-energy market maker
- energy utilities’ growing enlightenment around renewable energy
Read the article with highlights: Clean-Energy Trends 2007.
Free access to the report is available upon registration.
Helen Kula sources and delivers market data and intelligence to entrepreneurs, high-growth companies and MaRS staff and advisors. She is an active member of Toronto’s information professional and librarian communities.