Green Energy in the US: Renewable investment, capacity growth and future outlook
Business Insights
October 1, 2009 173 Pages - SKU: RET2482158
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Countries covered: United States
US electrical production capacity and generation has had historically an energy mix consisting primarily of fossil fuels including gas, coal and oil, backed up with a volume of nuclear and hydro power. With the new presidency have come new decisions. The US department of energy announced massive investment the renewable industry including $60bn in clean energy investments, which will include $11bn in a smart grid system, $2bn in developing the next generation of energy storage batteries. An announced move away from corn-based ethanol fuel and $1.8bn investment in the next generation of biofuels will stimulate the vehicular fuel industry, towards a cleaner, more efficient system. The new administration has announced intention to develop available offshore renewable energy source located on the continental shelf area. The area has vast potential and scientists estimate that 900GW of wind power may be achieved. Although still primarily a conventional thermal based country, through incentivized support in renewable energy, a new energy market is beginning to evolve. Recent addition has been made to the energy mix by way of renewable energy technologies which include power from the wind - wind turbines, and power from the sun - solar cells, and geothermal - relying on the heat that can be found at varying degrees of depth into the Earth’s surface. In the last decade newly installed renewable energy technologies are starting to gain a notable share of the market. ‘Green Energy in the US’ is a new report published by Business Insights that documents the growth of this new market, showing its current status and projecting where it is likely to grow to in the foreseeable future. This report gathers the statistical data on the different types of energy generation, combines and contrasts them against each other to show the clear leaders, drivers to change and future growth.
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- Green Energy in the US
- Executive summary
- Market development
- The Obama effect
- Wind power
- Solar power
- Hydropower
- Geothermal power
- Biomass
- Ocean power
- Future outlook
- Chapter 1 Market development
- Summary
- Overview of US electricity infrastructure
- Generation and installed capacity
- Sectoral distribution of generation
- Sales, revenue, and average retail price
- Overview of renewable energy in the US
- Background
- Installed capacity and growth of renewables
- Drivers of renewable energy
- American Recovery and Reinvestment Act of 2009
- The production tax credit (PTC)
- State level Renewable energy Portfolio Standards (RPS)
- Growing public support for action on climate change
- Increasing investments
- Resistors of renewable energy
- Failure to price CO2 emissions
- Licensing and permitting issues
- Environmental issues
- Discontinuity in PTC
- Transmission issues
- Comparative economics
- Global comparison
- Chapter 2 The Obama effect
- Summary
- Overview
- New energy policy
- Energy security
- Crude oil and petroleum imports
- Natural gas imports
- Coal
- Biofuel’s new direction away from corn-based ethanol
- The Outer Continental Shelf Project
- The Outer Continental Shelf
- Resource potential
- The effect of the new policy
- Energy efficiency
- US market impact
- Growth in green energy
- Total energy
- Electricity
- Obama’s winners and losers
- Chapter 3 Wind power
- Summary
- Overview
- Current scenario
- Installed capacity and generation
- Global comparison
- State level analysis
- Key players
- The economics of wind power
- Drivers of wind power
- Continuity in PTC
- Strong public and political support
- Increasing economic competitiveness of wind power
- Resistors of wind power
- Lack of continuity in the PTC
- Environmental issues
- Transmission constraints and costs
- Wind power potential and outlook
- Wind power potential
- Outlook for wind power
- Chapter 4 Solar power
- Summary
- Overview
- Current scenario
- Installed capacity and generation
- Global comparison
- State level analysis
- Key players
- Economics
- Drivers of solar power
- The Federal Investment Tax Credit
- ARRA impact on the solar industry
- The California Solar Initiative
- Increasing corporate interest in solar power
- Increased venture capital funding in solar power
- State level RPS targets
- Resistors of solar power
- Shortage of silicon
- High cost
- Solar power potential and outlook
- Solar power potential
- Outlook for solar power
- Chapter 5 Hydropower
- Summary
- Overview
- Current scenario
- Installed capacity and generation
- Global comparison
- State level analysis
- Key players
- Economics
- Drivers of hydropower
- Licensing reforms
- Inclusion of incremental hydropower under PTC
- The DOE Hydropower Program
- Resistors of hydropower
- Licensing issues due to environmental concerns
- Newly realized environmental concerns
- Capital intensive but lacking incentives
- Hydropower potential and outlook
- Hydropower potential
- Outlook for hydropower
- Chapter 6 Geothermal power
- Summary
- Overview
- Current scenario
- Installed capacity and generation
- Global comparison
- State level analysis
- Key players
- Economics
- Drivers of geothermal power
- Introduction of PTC for geothermal
- Other financial merits for geothermal
- DOE’s Geothermal Technologies Program
- Increased environmental concerns
- Resistors of geothermal power
- Short time horizon for PTC
- Leasing issues
- Cost constraints and transmission issues
- Limited research funding
- Geothermal power potential and outlook
- Geothermal power potential
- Outlook for geothermal power
- Chapter 7 Biomass
- Summary
- Overview
- Current scenario
- Installed capacity and generation
- Global comparison
- Key players
- Economics
- Drivers of biomass
- Attractive economics of co-firing
- Environmentally friendly power generation
- Employment generation
- DOE biomass program
- PTC extension and ITC inclusion
- Resistors of biomass
- Cost constraints
- Constraints in the supply of raw material
- Biomass potential and outlook
- Biomass potential
- Outlook for biomass
- Chapter 8 Ocean power
- Summary
- Overview
- Current scenario
- Global comparison
- Key players
- Economics
- Drivers of ocean power
- Energy Improvement and Extension Act of 2008
- State and city government initiatives
- Private investments
- Resistors of ocean power
- Lack of federal support
- Siting and leasing issues
- Cost constraints
- Ocean power potential and outlook
- Ocean power potential
- Outlook for ocean power
- Chapter 9 Future outlook
- Summary
- Outlook for the US electricity sector
- Outlook for renewables
- The American Clean Energy and Security Act
- EIA outlook
- Alternative scenarios
- Abbreviations
- Index
- List of Figures
- Figure 1.1: US net generation share by energy source (Thousand MWh), 2008
- Figure 1.2: US electrical total net summer capacity (GW), 2007
- Figure 1.3: US net energy generation shares by sector (Thousand MWh), 2008
- Figure 1.4: Crude oil spot prices ($ per barrel), 1986-2009
- Figure 1.5: US net generation by energy source (Thousand KWh), 2008
- Figure 1.6: US electrical generation growth by type (%), 2003-2007
- Figure 2.7: US primary energy consumption by source and sector (Quadrillion Btu), 2007
- Figure 2.8: The Continental Shelf
- Figure 2.9: US renewable energy regional planning areas on the Outer Continental Shelf
- Figure 2.10: Total US energy (Quadrillion Btu), 2008
- Figure 3.11: US cumulative installed wind capacity (MW), 2008
- Figure 3.12: Top 10 countries by cumulative installed wind capacity (MW), 2008
- Figure 3.13: Top 10 countries by new installed capacity (MW), 2008
- Figure 3.14: Leading US states by cumulative wind capacity (MW), 2008
- Figure 3.15: Average cost/KWh of wind-generated electricity (US cents), 1980-2020
- Figure 3.16: Impact of PTC on wind power capacity additions (MW), 2009
- Figure 3.17: Wind resource map for the US
- Figure 4.18: US cumulative installed solar PV capacity (MW), 2008
- Figure 4.19: Top 5 countries by cumulative installed solar capacity (MW), 2008
- Figure 4.20: Key markets by new installed solar capacity (%), 2008
- Figure 4.21: US solar PV market (MW), 2008
- Figure 4.22: Solar PV manufacturers’ market shares in US (%), 2008
- Figure 4.23: Technology cost reduction goals for residential PV systems ($/Wp), 2008
- Figure 4.24: Solar resource map for the US
- Figure 4.25: Forecasts for installed capacity and costs
- Figure 5.26: US cumulative installed hydropower capacity (GW), 2007
- Figure 5.27: US power generation from hydroelectric power (TWh), 2007
- Figure 5.28: US total average electric power from hydroelectric plants (%)
- Figure 5.29: Top 5 countries by hydroelectric power consumption (TWh), 2008
- Figure 5.30: Leading US states by cumulative capacity (Thousand MWh), 2009
- Figure 5.31: Ownership of hydroelectric plants in the US (MW), 2006
- Figure 5.32: US DOE Hydropower Program
- Figure 5.33: Feasible project US hydropower potential (MW)
- Figure 5.34: US generation, hydropower vs. other renewables (TWh), 1990-2030
- Figure 6.35: US cumulative installed summer capacity (MW), 2008
- Figure 6.36: Top 5 countries by cumulative installed capacity (MW), 2009
- Figure 6.37: Leading US states by cumulative capacity (MW), 2008
- Figure 6.38: US geothermal existing plant locations
- Figure 6.39: Geothermal resource map for the US
- Figure 6.40: US Geothermal potential capacity by 2025 (MW)
- Figure 6.41: Estimated earth temperature at 6.5 km depth in the US
- Figure 7.42: US cumulative installed capacity (MW) and Net generation (Thousand KWh), 2007 134
- Figure 7.43: US biomass net electricity generation (Thousand KWh), 2007
- Figure 7.44: Biomass gasification combined-cycle electricity costs (cents/ KWh), 2000-2020
- Figure 7.45: US biomass capacity projections, 2000-2020
- Figure 7.46: Biomass resources in the US
- Figure 8.47: Ocean energy resource map for the US
- Figure 9.48: US electricity sales by sector (bn KWh), 1980-2030
- Figure 9.49: US net generation by energy source (%), 2008-2030
- Figure 9.50: US reference case scenario capacity outlook to 2030 (GW)
- Figure 9.51: US reference case scenario outlook to 2030 (bn KWh)
- List of Tables
- Table 1.1: US state Renewable energy Portfolio Standards (RPS)
- Table 1.2: Comparison of capital cost estimates ($/KW), 2003 and 2007
- Table 1.3: Levelized cost of generation by type ($/MWh), California 2007
- Table 1.4: Global comparison of cumulative installed renewable and alternative energy capacity, 2009
- Table 2.5: Non renewable resources depletion, 2009
- Table 2.6: Largest US state annual wind power increases (MW), 2008
- Table 2.7: Largest US state cumulative wind power (MW), 2008
- Table 3.8: Largest wind farms operating in the US (MW), 2008
- Table 3.9: Turbine manufacturer share in the US by capacity (MW), 2008
- Table 3.10: Top 20 US states for wind energy potential in the US (billion KWh)
- Table 5.11: Largest hydroelectricity dams in the US (MW), 2008
- Table 5.12: Costs parameters of hydro technologies
- Table 5.13: Site development costs of hydro technologies
- Table 6.14: Largest geothermal projects operating in the US
- Table 6.15: Cost parameters of a geothermal power plant (Cost $/KW), 2008
- Table 6.16: Top 10 states for geothermal energy potential in the US
- Table 6.17: US new geothermal project summary, 2009
- Table 8.18: Largest US projects in progress for wave and tidal energy (MW), 2009
- Table 8.19: Capital cost of wave energy power plants ($m), 2007
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