Tells the Story of a $1 Trillion Global Industry Providing Benefits of Secure, Clean, Affordable Energy
WASHINGTON, Jan. 30, 2013 /PRNewswire-USNewswire/ -- Advanced Energy Economy (AEE) has launched a new website, AdvancedEnergyNOW.net, to illustrate the scope of the advanced energy industry. The site draws on the findings of a report released this month by AEE showing that advanced energy was a $1.1 trillion global market in 2011, larger than pharmaceutical manufacturing worldwide.
AdvancedEnergyNOW.net documents the advanced energy Industry's economic impact, showcases the breadth and depth of the advanced energy industry, and highlights real-life examples of advanced energy technologies and businesses in action. Through an innovative site design, AdvancedEnergyNOW.net invites visitors to explore the world of advanced energy and to learn how this industry is driving the world's energy future, today."Advanced Energy NOW is a new way to tell the advanced energy story," said Graham Richard, CEO of Advanced Energy Economy. "Advanced energy is a $1 trillion global industry, contributing nearly $150 billion to the U.S. economy. These are just some of the benefits of secure, clean, affordable energy. You can learn about all of these benefits at AdvancedEnergyNOW.net." AEE's recently released report, a first-ever analysis of the advanced energy sector, shows that the advanced energy market in the U.S. represents a significant part of the nation's economy, with $132 billion in revenue in 2011, and a 19 percent growth rate estimated for 2012, with U.S. revenue rising to $157 billion. Including direct, indirect, and induced economic activity associated only with the domestic market, advanced energy added an estimated $145 billion to U.S. Gross Domestic Product in 2011, and generated more than $20 billion in federal, state, and local taxes. In addition, the U.S. share of the global advanced energy market is expected to rise from 12 percent to 15 percent from 2011 to 2012. To AEE, advanced energy represents the best available technologies, products, and services for meeting energy needs today and tomorrow. Advanced energy is a broad industry category incorporating many discrete technologies and business types that contribute to making energy secure, clean, and affordable. 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).