Huntington Beach, CA (PRWEB) June 18, 2008
"In the past wealth was measured in gold, but in the future it will be measured in energy," says MarketCaliber.com Senior Analyst David Clark, "With the never ending increase in global energy consumption, the future in emerging energy technology couldn't be brighter."
While energy stocks in general have seen solid returns in the first half of 2008, some of the greatest gains have been in renewable energies also known as "green" energies. The MarketCaliber.com team sees these gains as merely the "tip of the iceberg" compared to what investors can expect to see over the next year.
"With rising oil prices, increasing global energy consumption, and the current political climate, interest in renewal energy is stronger than we've ever seen it before," says MarketCaliber.com CEO James Henry, "The second half of 2008 will bring investors massive profits not only in the renewable energy sectors, but also for the companies that manufacture emerging energy technology."
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Renewable energies effectively use natural resources such as sunlight, wind, rain, tides and geothermal heat; which are naturally replenished. Renewable energy technologies range from solar power, wind power, hydroelectric, bio-mass and bio-fuels for transportation. In 2006 18% of global energy consumed came from renewable energy, with that number expected to increase significantly by 2010.
The current political climate is also having a major effect on renewable energies. On June 2, the U.S. Department of Energy's (DOE) Assistant Secretary of Energy Efficiency and Renewable Energy, Alexander Karsner, announced a Memorandum of Understanding (MOU) between the DOE and six leading wind industry turbine manufacturers: GE Energy, Siemens Power Generation, Vestas Wind Systems, Clipper Turbine Works, Suzlon Energy, and Gamesa Corporation.
This two year collaboration aims to promote wind energy in the United States through advanced technology research and development, offering strategies to advance industrial wind power manufacturing capabilities. Just days later, EDF Energies Novellas signed an agreement to bring a 100.5 MW Wind farm to the United States by the end 2008. This includes the construction of 67 GE turbines each with the capacity of 1.5 MW.
"I expect the biggest gains to come from wind energy stocks; however look for bio-fuels to rebound in the fourth quarter of this year," says Analyst David Clark, "Any way you look at it, the gains we are currently seeing in renewable energy stocks are only a taste of what's to come."
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