HVAC Breaking News

April 11, 2005: Report Predicts Major Growth In Clean Energy Technologies

SAN FRANCISCO - Markets for solar energy, wind energy, and fuel cells are expected to grow from $16 billion in global revenues in 2004 to more than $100 billion by 2014, according to a report released by Clean Edge Inc., an energy research and publishing firm.

Clean Edge projects that over the next 10 years, markets for solar photovoltaic devices will grow from $7.2 billion to $39.2 billion; wind power installations will expand from $8 billion to $48.1 billion; and fuel cells and distributed hydrogen will grow from $900 million to $15.1 billion.

The report notes that already these three clean energy markets have expanded from $9.5 billion in 2002 to just over $16 billion in 2004.

For a copy of the complete report, go to www.cleanedge.com/reports-trends2005.php.

Publication date: 04/11/2005

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