Tom Burton, Member of the firm's Corporate &
Securities Section and Founder and Chair of the firm's Energy
Technology Practice, will publish bi-weekly installments providing
key takeaways from the four sections of AEE's webinar
including: Industry Growth; Advanced Energy Jobs; Growth Trends;
and Policy. This is the fourth installment of the series. Click to
Part 2, and
Throughout AEE's webinar, panelists broke down the trends
within growth of the advanced energy markets and presented the key
takeaways from the AEE report. Most notably, building efficiency
is the largest segment of advanced energy revenue in the U.S.,
reaching almost $70 billion in 2016. This
represents more than a third of advanced energy in the U.S., and is
up 64% since 2011. Panelist Kevin Self noted that buildings consume
about 41% of U.S. energy, so energy efficiency remains the most
cost effective way to control spending. Other notable growth trends
Wind has remained
steady, producing roughly $14 billion in revenues
in both 2015 and 2016. This a good pattern compared to earlier
fluctuations due to uncertainty with production tax credits. The
extension and renewal of this tax credit creates the ability for
the wind industry to develop at a steadier place.
Solar continues to
boom, reaching $25 billion in U.S. revenue last
year—up 30% since 2015 and tripling since 2011. Panelist Paul
Kaleta emphasized that solar energy is firmly at the forefront of
energy transformation in the U.S., and is now economically
competitive with fossil fuels.
Energy storage is up
54% in 2016, at nearly half a million
dollars in revenue.
also exhibited strong growth at 48%, with U.S. Plug-in Electric
Vehicle (PEV) revenue at $7.8 billion in 2016.
Panelist Zachary Kahn also advised that we can expect to see the
use of electric buses grow exponentially in the U.S. over the next
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