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Australian solar concentrators
One of the big trends in 2005 is the growth of solar power, in general, and the development of more affordable solar concentrator technology in particular. This facility harnesses solar thermal energy by concentrating sunlight through the use of a parabolic dish lined with mirrors. Other concentrator technologies seek to improve the efficiency of photon collection for improved electricity generation.

Our $100 Billion Clean Energy Future

MP3 audio of March 21, 2005 telephone press conference on Clean Energy Trends 2005 report.

By EV World

Clean Edge, a San Francisco-based energy research and publishing firm, in collaboration with Nth Power, a quarter billion dollar venture capital management firm, held their fourth annual Clean Energy Trends 2005 telephone press conference on the eve of the release of their free report.

EV World was not only invited to participate in the telephone press conference, which featured Clean Edge principles Ron Pernick and Joel Makower, along with Nth Power's Tim Woodward and Rodrigo Prudencio, but we were also granted permission to record the event for our listeners. During the 25-minute presentation, the four discussed the current political and investment climate for a wide range of renewable energy and energy efficiency technologies, focusing on five major trends for 2005: biofuels, energy efficiency, solar, hydrogen infrastructure and green buildings.

Saying they believe their projections to be conservative, the firms are forecasting continued growth in solar photovoltaics and solar concentrator technology -- the big surprise for 2005 -- from $7.2 billion in 2004 to $39.2 billion by 2014. Wind power will continue to enjoy robust growth despite "no-in-my-back-yard" opposition, growing from an $8 billion industry in 2004 to a $48 billion one by 2014.

Nth Power's Prudencio noted that the top five states for venture capital investment in clean energy technologies are California ($197 million in 2004), Massachusetts ($86.5 million), New Hampshire ($25 million), Washington ($25 million) and Colorado ($21 million). He also pointed out that while the actual number of firms being funded has dropped from 80 in 2003 to 69 in 2004, the amount of money being invested has increased. Factors driving growth include Europe's generous net metering laws, China's plans to install upwards of 100 GigaWatts of renewable energy power over the next decade or so, and increasing fossil fuel energy prices, driven by a combination of global demand and gradually dwindling production capacity.

The 25-minute formal presentation was followed by a 29-minute Q&A sessions with reporters from various print publications. As a service to all of EV World's readers and listeners, we are making both MP3 audio files available for listening online using our Flash-based MP3 player or for free download for later playback on your favorite MP3 device.

EV World expresses its thanks to Clean Edge, Nth Power and Antenna Group Public Relations for permitting us to make this press conference available. Here is a link to the official press release for the annual report.

Times Article Viewed: 6644
Published: 22-Mar-2005

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