QUICK NEWS, July 22: U.S. DOE FORESEES NEW ENERGY; THE BEST CITIES FOR NEW ENERGY; ENERGY STORAGE TO BE $50BIL MRKT
U.S. DOE FORESEES NEW ENERGY EIA projects modest needs for new electric generation capacity
July 16, 2014 (U.S. Energy Information Administration)
“The Annual Energy Outlook 2014 (AEO2014) Reference case projects 351 gigawatts (GW) of new electric generating additions between 2013 and 2040…U.S. electric generating capacity additions averaged 35 GW annually from 2000 through 2005. Almost all of the capacity added during those years was natural gas-fired…From 2006 through 2012, annual average capacity additions dropped to 19 GW, with 42% of the additions representing renewable technologies [primarily wind] and 45% representing natural gas-fired technologies…The high levels of recent capacity additions, combined with relatively low electricity demand, have resulted in surplus capacity relative to required reserve margins for many regions of the country…In the AEO2014 Reference case, natural gas-fired plants account for 73% of capacity additions (255 GW) from 2013 to 2040, compared with 24% for renewables, 3% for nuclear, and 1% for coal Of the 83 GW of renewable capacity additions, 39 GW are solar photovoltaic (PV) systems (60% of which are rooftop installations) and 28 GW are wind (60% of which occur by 2015 to take advantage of production tax credits)…” click here for more
THE BEST CITIES FOR NEW ENERGY Solar And EV Adoption, Climate Policies, And Green Finance Drive U.S. Clean Tech Leadership Index Growth
July 2014 (Clean Edge News)
“…[The Clean Edge 2014 U.S. Clean Tech Leadership Index found that eleven] states now generate more than 10 percent of their electricity from non-hydro renewable energy sources, with two – Iowa and South Dakota – exceeding 25 percent. Solar installations climbed more than 40 percent year-over-year in the U.S., while registrations of all-electric vehicles doubled between the 2013 and 2014 indexes, to approximately 200,000 nationwide…California leads the nation in clean tech for the fifth consecutive year, with Massachusetts and Oregon repeating their #2 and #3 rankings from the 2013 State Index. Vermont and Connecticut moved into the Top 10 this year, while Hawaii and Minnesota dropped out. In the Metro Index, San Francisco and San Jose repeated as #1 and #2, while San Diego jumped four places to #3…Eight of the top 10 metro areas are located in the top four states; the exceptions are Washington D.C. (a city without a state), and Austin…” click here for more
ENERGY STORAGE TO BE $50BIL MRKT Energy Storage Market Rises to $50 Billion in 2020, amid Dramatic Changes Driven by plug-ins, transportation applications will be worth $21 billion, closing the gap on electronics’ $27 billion market…
July 15, 2014 (Lux Research)
“Energy storage, driven largely by electronics and plug-in vehicles, will grow at a compound annual growth rate of 8% to $50 billion in 2020, with dramatic shifts coming from the transportation industry…Transportation applications will outpace electronics growth – attaining an 11% CAGR to become a $21 billion market by the end of the decade…[Electronics] will remain the single largest market valued at $27 billion…With global sales of 59 million, a 53% market share and $6.1 billion in annual revenue, micro-hybrids will, for the first time, overtake the conventional internal combustion engine and emerge the most popular drivetrain by 2020...With modest sales of 440,000 units, electric vehicles still will use $6.3 billion worth of energy storage…The United States will lead EV sales for most of the decade, peaking at 167,000 units in 2019…[China will nearly catch up with 2020 sales of 145,000]…[The smartphone market will grow] at a 12% CAGR to $8.4 billion in 2020. Tablet computers follow with a 6% CAGR to $12 billion…Driven by solar integration, residential represents the biggest opportunity in stationary energy storage applications – leaping from less than $0.1 billion to $1.2 billion in 2020…” click here for more
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