Advanced Energy Economy

On October 13, former Nevada Senator Harry Reid and current Governor of Nevada Brian Sandoval hosted the ninth annual National Clean Energy Summit in Las Vegas, NV. Each year, the 3-day summit brings together leaders of industry, government, and advocacy organizations in an effort to shape the United States’ energy policy agenda and facilitate the country’s progress towards a clean energy economy.

Continue Reading National Clean Energy Summit Sets the Stage for the Future of Sustainability

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the fifth and final installment of the series. Click to read Part 1, Part 2, Part 3, and Part 4.

The final AEE webinar topic highlighted the important role policy plays in driving the advanced energy market. Panelist Malcolm Woolf noted that President Trump’s recent Executive Order overturning the Clean Power Plan conveys how policy can affect the market. While market forces are on the side of advanced energy, there are several policy levers that AEE believes will be significant drivers to future growth. These include:

  • opening wholesale markets to the energy industry;
  • meeting corporate demand for advanced energy;
  • continued evolution of the utility business model;
  • bipartisan opportunities at the state level.

To listen to the full webinar, click here.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the fourth installment of the series. Click to read Part 1, Part 2, and Part 3.

Throughout AEE’s webinar, panelists broke down the trends within growth of the advanced energy markets and presented the key takeaways from the AEE report. Most notably, building efficiency is the largest segment of advanced energy revenue in the U.S., reaching almost $70 billion in 2016. This represents more than a third of advanced energy in the U.S., and is up 64% since 2011. Panelist Kevin Self noted that buildings consume about 41% of U.S. energy, so energy efficiency remains the most cost effective way to control spending. Other notable growth trends include:

  • Wind has remained steady, producing roughly $14 billion in revenues in both 2015 and 2016. This a good pattern compared to earlier fluctuations due to uncertainty with production tax credits. The extension and renewal of this tax credit creates the ability for the wind industry to develop at a steadier place.
  • Solar continues to boom, reaching $25 billion in U.S. revenue last year—up 30% since 2015 and tripling since 2011. Panelist Paul Kaleta emphasized that solar energy is firmly at the forefront of energy transformation in the U.S., and is now economically competitive with fossil fuels.
  • Energy storage is up 54% in 2016, at nearly half a million dollars in revenue.
  • Electric vehicles also exhibited strong growth at 48%, with U.S. Plug-in Electric Vehicle (PEV) revenue at $7.8 billion in 2016. Panelist Zachary Kahn also advised that we can expect to see the use of electric buses grow exponentially in the U.S. over the next 5-10 years.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the third installment of the series. Click to read Part 1 and Part 2.

The Department of Energy published its Second Annual U.S. Energy and Employment Report, capturing statistics on jobs supported by advanced energy. Panelist Phil Jordan discussed this report, which shows that advanced energy is a major U.S. employer with 3.3 million workers employed in 2016. About 2/3 of these jobs are in energy efficiency, while about 1 in 5 are in advanced energy generation. Jordan advised listeners to keep an eye on this growth, as increasing efficiency and size in advanced energy companies will lead to continued labor increases through the supply chain.

To listen to the full webinar, click here.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the second installment of the series. To read Part 1, click here.

AEE’s Webinar on the State of Advanced Energy was moderated by Robert Keough, Vice President of Communications at AEE. Keough began by presenting the major points from AEE’s report, which uses global and U.S. revenues tracked by Navigant Research, a part of Navigant Consulting’s Energy Practice. Some of the major points include:

Continue Reading State of Advanced Energy: Industry Growth (Part 2 of 5)

Last week, Mintz Levin was proud to sponsor an Advanced Energy Economy (AEE) webinar highlighting AEE’s fifth annual report of market size, by revenue, of the advanced energy industry, worldwide and in the United States. The Advanced Energy Now 2017 Market Report traces the growth of the energy industry since 2011, with this year’s edition reflecting global growth of 7% from just 2015 to 2016—nearly twice the rate of the world economy overall. Other topics included the latest numbers of advanced energy jobs from the second national survey of energy employment by the Department of Energy, as well as emerging trends in advanced energy markets.

As this webinar was full of pertinent content for our readers, we will feature a series providing key takeaways over the next few weeks. Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy.

Continue Reading State of Advanced Energy: Markets, Trends, Jobs (Part 1 of 5)

Mintz Levin is proud to sponsor an upcoming Advanced Energy Economy (AEE) webinar highlighting the fifth edition of AEE’s annual report of market size, by revenue, of the advanced energy industry, worldwide and in the United States. Additional discussion topics will include the latest numbers of advanced energy jobs from the second national survey of energy employment by the Department of Energy as well as emerging trends  in advanced energy markets as told by company executives.

Date: Thursday, March 30, 2017
Time: 1 pm Eastern, 10 am Pacific

To register for this free webinar, click here.

Mintz Levin is a Gold Affiliate Member of AEE. 

Last week the Advanced Energy Economy (AEE) released its fourth annual Advanced Energy Now Market Report, which highlighted the spectacular growth in advanced energy over the last five years both globally and in the United States. Advanced energy is now a record $1.4 billion worldwide industry following a growth of 17 percent since 2011. An 8 percent increase from 2014 to 2015 was more than three times the rate of the global economy overall. Domestically, advanced energy has grown an astonishing 29 percent over the last five years and now represents a $200 billion market. For more details on the report and the findings on specific sectors in the U.S. market, read on!

Continue Reading AEE Releases Annual Report on Advanced Energy Growth

In their recently released 2015 Market ReportAdvanced Energy Economy reveals that the US advanced energy market grew to $200 billion in 2014, an increase of 13% above the total for 2013. This activity positions the U.S. advanced energy market in strong company, $20 billion higher than the airline industry and neck-and-neck with pharmaceutical manufacturing. In addition, the powerhouse consumer electronics market lies within reach at $211 billion. Strong postings from wind, solar photo-voltaics, and natural gas added to the already strong foundation of the largest segment of U.S. advanced energy – building efficiency products and services.

The 2015 Report, the third such publication from Advanced Energy Economy, was compiled in partnership with Navigant Research. The report provides up-to-date information on a wide spectrum of energy-related market sectors, including transportation, fuel production, fuel delivery, building efficiency, generation, delivery and management, and more. Click here to view highlights from the report.