Clean tech: a decade of explosive growth, with more to come-Los Angeles Times

How much difference a decade makes. Once shunned as the industry was just the love tree hugger, clean technologies become heavy, according to the report of the economic research company clean edge Inc.

Firms working on green building and intelligent grid are proliferating, the study said. More than 1.4 million are now less than 10 thousand hybrid electric vehicles in 2000, speed around America's highways.

Solar photovoltaics market grew on average by 40% each year in the last ten years the Lesotho billion dollars in 2010 from $ 2.5 billion in 2000. The average costs for the installation of the photovoltaic system then was $ 9 on the top of the watt; Now it's $ 4.82. Registered solar industry news from other record year in the market value of $ 6 billion in 2010.

Wind energy has seen similar growth, jumping on average by 30% every year 60.5 billion dollars last year from $ 4.5 billion in 2000, the conclusion of the report. Almost a quarter of all venture capital in the US is going to clean technology enterprises, compared with less than 1% in 2000.

The rise follows the same dynamism, phones, computers and the Internet passed, said Ron Pernick, Managing Director, clean edges.

"The markets are beginning to a location where it is not completely ripe, but trying to have a little outside the very small Foundation," he said. "Finally, we'll see the sort on the reflection period, the net energy market achieved widespread adoption and implementation of the measure tool, but overall were stunning markets."

During the previous year, the combined global revenues for solar photovoltaics, wind energy and bio-fuels rises 35.2%, to $ 188.1.139 billion from $ 1 billion and is on track to reach 349.2 billion dollars in 10 years.

Biofuel is expected to double to 112.8 billion dollars in the year 2020. Solar photovoltaics will boom 113.6 billion dollars by the year 2020 from Lesotho billion dollars in 2010, according to clean edge. The wind, which fought against the difficult to project financing and the pressure of competition from China, is expected to also double 122.9 billion dollars in the year 2020.

Sector adapts to its growth, there will be greater consolidation, Pernick said.

"Eventually it will be the price of the game," he said. "Some companies will be hard to survive, and the other will be obtained."

And forward, clean edge forecasts that cheap LED lights will become less effective as a shining lights are completed. Natural gas will be paired with wind and solar energy generation technologies, the researchers said.

Other forecasts: the airline industry will increasingly move to cleaner fuels, such as algae, while breakthroughs will help discover alternatives to the rare earth elements, which are located in the close menu.

Posted in green technologies

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