Today, Advanced Energy Economy (AEE) released its latest Advanced Energy Now 2016 Market Report showcasing that the total revenue for global advanced energy hit a record $1.4 trillion in 2015, growing 8 percent worldwide over 2014, more than three times the rate of the global economy overall.
The 2016 edition of the report includes global and U.S. revenue for the advanced energy industry annually from 2011 to 2015, highlighting significant growth over the five-year period with the advanced energy market reaching $200 billion in the United States. The advanced energy sector – which includes energy efficiency and renewable energy – 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 led all segments for the second year, representing 30 percent of total U.S. advanced energy revenue in 2015, and $63.6 billion in revenue, up nearly 11 percent over 2014, and 50 percent over 2011.
- Electricity Generation was the second largest advanced energy segment, at $52.3 billion in 2015, and also experienced the second largest year-on-year growth, at 18 percent.
- Solar PV was up 21 percent, to $22.6 billion. Revenue from solar PV has nearly tripled since 2011.
- Wind was up 75 percent, reaching revenue of $8.2 billion.
- Gas turbine revenue was up 14 percent, to $10.5 billion, in 2015.
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With the release of AEE’s new 2016 report, alongside the Council’s Sustainable Energy in America Factbook, written in partnership with Bloomberg New Energy Finance and released last month – it is clear that America is in the midst of a clean energy transformation, and 2015 will be remembered as a watershed year for these industries.
The increased use of sustainable energy over the past eight years set the stage in 2015 for the U.S. to score a triple play of carbon reductions, cost savings and economic growth. The American economy continues to become more energy productive and less energy intensive. Total energy use in the U.S. fell 2% while GDP grew 10% over the past eight years, due largely to 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 45% of all electricity generation in 2015, 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: