Abstract
US electrical production capacity and generation has had historically an
energy mix consisting primarily of fossil fuels including gas, coal and oil,
backed up with a volume of nuclear and hydro power. With the new presidency
have come new decisions. The US department of energy announced massive
investment the renewable industry including $60bn in clean energy investments,
which will include $11bn in a smart grid system, $2bn in developing the next
generation of energy storage batteries. An announced move away from corn-based
ethanol fuel and $1.8bn investment in the next generation of biofuels will
stimulate the vehicular fuel industry, towards a cleaner, more efficient
system. The new administration has announced intention to develop available
offshore renewable energy source located on the continental shelf area. The
area has vast potential and scientists estimate that 900GW of wind power may
be achieved. Although still primarily a conventional thermal based country,
through incentivized support in renewable energy, a new energy market is
beginning to evolve. Recent addition has been made to the energy mix by way of
renewable energy technologies which include power from the wind - wind
turbines, and power from the sun - solar cells, and geothermal - relying on
the heat that can be found at varying degrees of depth into the Earth' s
surface. In the last decade newly installed renewable energy technologies are
starting to gain a notable share of the market. ‘Green Energy in the US'
is a new report published by Business Insights that documents the growth of
this new market, showing its current status and projecting where it is likely
to grow to in the foreseeable future. This report gathers the statistical data
on the different types of energy generation, combines and contrasts them
against each other to show the clear leaders, drivers to change and future
growth.
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