5 reasons why you should follow what is happening in clean energy industry in 2017
1. The industry is still young outside of Europe and the US and the only way is up. Emerging economies and developing countries are discovering the (many) benefits of clean energy. China is expected to invest 360 Billion USD in renewable energy alone by 2020.
2. Diverse opportunities exist in clean energy in all types of markets. Developed markets in Europe and the US offer moresophisticated opportunities combining smart grids, smart meters and energy efficiency. Emerging and developing economies, such as China, India, South-East Asia and Africa are pursuing large scale renewable power generation as well as bottom-of-the-pyramid off-grid renewable energy solutions.
3. Clean energy has diverse value chain, which suits both multinational companies and local small and medium sized entreprises. Materials productions, components manufacturing, on-site assembly, contracting, operation and maintenance are some of the steps in the value chain that can be explored.
4. Clean energy opens new opportunities across number of industries. Electric vehicles for examples are changing the game for vehicle manufacturers. There are currently about 1.3 Million electric vehicles on the road but this number should reach 20 million by 2020 and possibly 100 by 2030 based on predictions by the International Energy Agency. Other technologies with strong growth potential include energy storage and technologies enabling smart grids and smart meters.
5. Government policies have been the main driver of clean energy so far. However, corporate players will increasingly have more influence on where we go with clean energy solutions. Corporate purchasing of renewable energy is a good example. Google will be 100% powered by renewable energy in 2017. Its annual consumption - almost 6TWh of electricity per year - is almost equivalent to UK’s solar generation capacity.