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Blog Category: Renewable energy

Census Bureau Economic Data Show Electric Power Generation Using Renewable Energy Growing

Census Bureau Economic Data Show Electric Power Generation Using Renewable Energy Growing

The U.S. Census Bureau today released for the first time data from the economic census on wind, geothermal, biomass and solar electric power generation. Revenues for electric power generation industries that use renewable energy resources rose 49.0 percent from $6.6 billion in 2007 to $9.8 billion in 2012, according to new economic census statistics released today by the U.S. Census Bureau. These industries that use renewable energy resources consist of hydroelectric power generation (NAICS 221111), four newly delineated industries — wind (NAICS221115), geothermal (NAICS 221116), biomass (NAICS 221117) and solar electric power generation (NAICS 221114) — and one newly defined category of other electric power generation (NAICS 221118). 

In the 2007 Economic Census, wind, geothermal, biomass, and solar electric power generation were included in the broad “other electric power generation” industry (NAICS 221119). By the 2012 Economic Census, these industries had been broken out separately, with the “other electric power generation” industry limited to only tidal electric power generation and other electric power generation facilities not elsewhere classified. Among the newly delineated industries (wind, geothermal, biomass, solar and other electric power generation), the number of establishments more than doubled in five years, from 312 in 2007 to 697 in 2012.

These industries are part of the electric power generation industry (NAICS 22111), which saw an overall decline of 1.2 percent in revenues from $121.0 billion to $119.5 billion between 2007 and 2012. The overall decline was driven by the fossil fuel electric power generation industry (NAICS 221112), which saw revenues decrease from $85.4 billion to $79.7 billion, or 6.7 percent, during the same five-year period.

Revenues for the wind electric power generation industry totaled $5.0 billion in 2012, the highest revenues among the industries using renewable energy resources. Hydroelectric power generation followed with revenues of $2.4 billion. Geothermal electric power generation had revenues of just under $1 billion ($995.4 million), followed by biomass electric power generation, with $934.6 million in revenues, solar electric power generation, with $472.4 million, and other electric power generation, with $59.0 million.

Together, these industries were a relatively small portion of the electric power generation industry, collectively accounting for just 8.2 percent ($9.8 billion) of total industry revenues in 2012. Fossil fuel and nuclear electric power generation (NAICS 221113) are still the major revenue sources of the electric power generation industry, comprising 66.7 percent ($79.7 billion) and 25.1 percent ($29.9 billion), respectively, of total revenues. 

For the full release, please go to http://www.census.gov/newsroom/press-releases/2014/cb14-204.html

Renewable Energy and Energy Efficiency Export Initiative Announced Today

Members of the Renewable Energy and Energy Efficiency Advisory Committee MeetToday Secretary Locke joined seven other U.S. government agencies in launching the Renewable Energy and Energy Efficiency Export Initiative, a coordinated effort to promote renewable energy and energy efficiency exports.

Through the Initiative, the U.S. government will support renewable energy and energy efficiency (RE&EE) exporters by offering new financing products, enhancing market access, increasing trade promotion and improving the delivery of export promotion services to current and future RE&EE companies. The federal government is also launching a new online portal as part of the Initiative to provide renewable energy companies easy access to government export resources, and the Commerce Department is committing to an increased number of RE&EE trade and trade-policy missions.

Energy is a $6 trillion global market, and clean energy is the fastest growing sector.

The Initiative is the federal government’s first-ever coordinated effort to support the promotion of renewable energy and energy efficiency exports and is designed to facilitate an increase of RE&EE exports during the next five years, helping to meet the goals of the National Export Initiative and President Obama’s challenge to become the leading exporter of clean energy technologies