It’s everything from wind power to nuclear power, hybrid and electric vehicles to high efficiency HVAC, new fuels to new lighting. It’s about innovation that makes energy more secure, clean, and affordable. Just as the Internet economy transformed society in unexpected ways, the advanced energy economy has the potential to create dramatic new opportunities for economic growth in the U.S. and around the world.
Advanced energy is big business - with big benefits.
With a world market presenting a $1.1 trillion business opportunity and a U.S. market of $169 billion in 2013, advanced energy is poised to be a growth engine for the U.S. economy. In addition to providing opportunity, advanced energy technologies, products, and services deliver on cost savings, air quality, and energy we can rely on.
Transportation, Fuel Production, Fuel Delivery, Buildings, Industry, Electricity Generation, Electricity Delivery and Management – representing technologies, products, and services that make energy more secure, clean, and affordable.
Propulsion Systems was the only subsegment quantified, based on revenue from vehicle sales. In the United States, Transportation was an estimated $24.1 billion market in 2013, up from $18 billion in 2012 – a 33% increase driven by rising sales of hybrid, plug-in electric, and natural gas vehicles.
The Fuel Production segment includes seven subsegments:
Ethanol and Butanol // Biodiesel // Biogas // Synthetic Diesel and Gasoline // Bio-oil // Compressed Natural Gas (CNG) & Liquefied Natural Gas (LNG) // Hydrogen
In 2013, Fuel Production was the largest U.S. segment, with estimated revenues of $51 billion, led by ethanol production. The segment grew 8% year-over-year, and 18% since 2011.
Fueling station revenue alone in the United States was an estimated $252.4 million in 2013, up 11% over two years. Revenue from commercial fueling stations for natural gas vehicle fleets increased five-fold over 2012, to $85.9 million.
The Buildings segment includes eight subsegments:
Building Design // Building Envelope // Heating, Ventilation, and Air Conditioning (HVAC) // District Energy, Combined Heat and Power (CHP), and Combined Cooling Heating and Power (CCHP) // Water Heating // Lighting // Appliances and Electronic Equipment // Enabling Information Technology
Buildings segment revenue in the U.S. was estimated at $44 billion in 2013, up 12% over 2012 and 25% over 2011. Commercial building retrofits provided consistent growth over the period, but Combined Heat and Power systems and Demand Response services had big jumps in 2013.
The U.S. Industry segment had revenue of $6.7 billion in 2013, up 23% over 2012. Revenue from Industrial Combined Heat and Power grew to $3.1 billion in 2013, compared to $1 billion in 2011, tripling over two years.
U.S. revenue from the Electricity Generation segment, representing generating equipment, was $31.3 billion in 2013. There was strong growth in solar, up 65% to $19.5 billion over 2012, and 137% over 2011. But wind revenue plunged from $25.5 billion in 2012 to just $2.1 billion in 2013, due to uncertainty over federal tax credits.
The Electricity Delivery and Management includes seven subsegments:
Transmission // Distribution // Advanced Metering Infrastructure (AMI) // Microgrids // Electric Vehicle Charging Infrastructure // Energy Storage // Enabling Information and Communication Technology.
Estimated 2013 U.S. revenue was $11.6 billion, including $3.9 million from Smart Street Lighting, systems that manage street lights remotely to detect burned out lamps, adjust to weather and traffic conditions, and flash in case of emergency, among other functions. Microgrids and charging infrastructure of electric vehicles were up, 36% and 10%, respectively.