By 2030, the power generated from wood and other biomass is expected to increase nearly ninefold.
(PRWEB) August 30, 2011
Marketsensus announced today the addition over 3,500 new research reports in the Energy Industry. Marketsensus reports track monthly M&A activity in the alternative energy space, we have over 2,500 reports on individual companies along with full financial information.
Following this year’s crisis in Japan we’ve seen increased demand for new investment in the energy industry. Socially responsible companies are profiled in the new addition of market research reports as well as mergers and acquisitions within the energy sector.
We predict that the costs of alternative energy will fall in coming years due increased demand and technological advances. We will see a surge in demand for solar, wind and other clean energy sources which will eventually account for the vast majority of overall energy use.
Marketsensus calculates that as of 2011 alternative energy supplied around 16 percent of global final energy consumption and accounted for nearly 20 percent of global electricity production.
Just in the US alone we can quick look at the stunning pace of alternative energy expenditure by Breaking down the numbers for electricity production, geothermal power production is expected to increase 88.4% by 2030, while the power generated from wood and other biomass is expected to increase nearly ninefold.
Solar thermal power generation is expected to increase more than fourfold, while grid-connected solar power, which provided a miniscule share of the country's power in 2006, is projected to experience a 73-fold increase. Wind power is projected to experience a fivefold increase, but the EIA does not project any significant offshore wind power in its reference case. Meanwhile, the contributions from biofuels are expected to nearly quadruple, growing from 0.5 quads in 2006 to 1.87 quads in 2030. In addition, residential and commercial use of geothermal heat pumps, solar hot water, and solar and wind power are expected to contribute only 0.17 quads by 2030.
Marketsensus predict that by 2050 up to 77% of the world’s energy will come from renewables, accounting for hundreds of billions dollars annually. Companies not accessing up-to-the-minute in the energy industry are simply going to be left behind.
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