Advanced Energy Is
Advanced energy encompasses all products and services that help make energy secure, clean, and affordable.
Advanced energy is what happens when energy meets 21st Century technologies. As the best available technologies for meeting energy needs today and tomorrow, advanced energy encompasses all products and services that help make energy secure, clean, and affordable.
With global energy consumption projected to rise nearly 40 percent by 2030, future prosperity depends on meeting growing demand with energy that is secure, clean and affordable. In providing those solutions, advanced energy creates value for customers and for the economy. This value contributes to long-term growth for the economy overall, and to growth of advanced energy companies specifically. 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.
In every corner of the country, innovative companies large and small, start-up and established, are transforming the way we make and use energy – and creating a new industry. Though widely varied, advanced energy technologies and services work together to make the best use of multiple resources for meeting energy needs – fast-start natural gas power plants complementing intermittent wind power, smart grid technologies moving power where it’s needed and protecting against outages, efficiency measures reducing waste and stretching all our energy sources further. Advanced energy technologies and products are also providing a host of other benefits, including cost savings, cleaner air, and greater energy security.
A report commissioned by the Advanced Energy Economy Institute and produced by Pike Research, a part of Navigant’s Energy Practice, has analyzed advanced energy markets in the U.S. and worldwide for the first time. The report shows the size, breadth, and scope of the advanced energy industry, and details the economic impact of advanced energy in the United States and around the world.
As defined by Advanced Energy Economy, the advanced energy industry consists of seven distinct market segments associated with energy demand (Transportation, Buildings, and Industry) and energy supply (Fuel Production, Fuel Delivery, Electricity Generation, and Electricity Delivery and Management). These segments are further divided into 41 subsegments, each consisting of multiple categories of technologies, products, and services.
These subsegments range from Propulsion Systems, Vehicle Design and Materials, and Freight Logistics in Transportation to Advanced Metering Infrastructure and Energy Storage in Electricity Delivery and Management. Within Transportation Propulsion Systems, for instance, will be found Clean Diesel Vehicles, Plug-in Electric Vehicles (PEVs), Hybrid Electric Vehicles (HEVs), Natural Gas Vehicles (NGVs), and Fuel Cell Vehicles (FCVs). In all, hundreds of advanced energy solutions are considered here, and the markets for them quantified wherever possible.
What is Advanced Energy
About Advanced Energy Economy
Advanced Energy Economy (AEE) is a national association of business leaders who are making the global energy system more secure, clean, and affordable. AEE’s mission is to influence public policy, foster advanced energy innovation and business growth, and provide a unified voice for a strong U.S. advanced energy industry. Our members include companies involved in technology development; component and product manufacturing; project and infrastructure development; equipment installation; and engineering, finance, and advisory services, among other activities that help business and residential consumers meet their energy needs in better ways.
About the Advanced Energy Economy Institute
Advanced Energy Economy Institute (AEEI) is a nonprofit educational and charitable organization affiliated with AEE. AEEI’s mission is to raise awareness of the public benefits of advanced energy, drive the policy debate on key topics, and provide a forum where leaders can address energy challenges and opportunities facing the United States. AEEI helps to spread the word about advanced energy and its value in moving the country and the world toward a better energy future.
GET THE REPORT
Get the full report, “Economic Impacts of Advanced Energy,” for details on advanced energy markets and what they contribute to the economy.
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