More Facts Point to the Clean Energy Transformation Underway in the United States
March 11, 2015 - With the release of Advanced Energy Now: 2015 Market Report yesterday, the Advanced Energy Economy (AEE) added more facts to make the case that the clean energy economy is growing rapidly in the United States and the long-term transformation is here to stay.
The AEE report tracks market growth from 2011 – 2014, and finds that the advanced energy market reached just under $200 billion in total revenue in the United States and now comprises 15% of the $1.3 trillion global market. These sectors, many of which the Council also represents, in both electricity generation and energy demand management are on a steep and rapid growth curve.
Headline facts from the report which capture this growth include:
- Building efficiency is now the largest segment of the U.S. advanced energy market, with revenue of $60.1 billion in 2014.
- Electricity generation revenue – from renewable energy, natural gas – increased 47% to $45.8 billion in 2014.
- Solar photovoltaic (PV) revenue was up 39%, to $22.5 billion, capping four-year growth of 173%.
- Wind power revenue rebounded to $8.2 billion, up from $2.1 billion in 2013.
- Natural gas generating equipment (combined cycle and simple cycle gas turbines) saw an increase for the first time in four years, increasing 48% to $6.4 billion
Get the Facts
With the release of AEE’s new 2015 report, alongside the Council’s Sustainable Energy in America Factbook – which was written in partnership with Bloomberg New Energy Finance and released last month – the evidence is ample and now at the fingertips of any journalist, policy-maker, industry executive and thought leader.
The Factbook also points to the overall upward trajectory of the energy efficiency, natural gas and renewable energy sectors in the United States over the past seven years (2007 – 2014). Our economy is becoming more energy productive and less energy intensive. Total energy use in the U.S. fell 2.4% while the GDP grew 8% over the past seven years, due largely by advances in energy efficiency in the transportation, power generation and buildings sectors. Low-carbon sources of generation, including natural gas and renewable energy, account for 40% of all electricity generation in 2014, compared to 30% in 2007.
The future is bright for clean energy in the United States, so Get the Facts and share them! Available for free, here: