SBI Reports has been leading industrial market research reporting for more than a decade. The brand established SBI Energy to address the complex nature of the Energy and Resources industry. SBI Energy reports capture data vital to emerging energy market sectors on a global scale. Growth of energy technology, manufacturing, construction, transportation and investment is exciting in its innovations and opportunities, and integral to the advancement of security and science.
Catching Elephant is a theme by Andy Taylor
SBI Energy report: Stimulus allowed U.S. renewable energy to grow during the recession
On January 1st, 2011 SBI Energy (Rockville, Maryland, U.S.) released a new report examining clean energy investments through the American Recovery and Reinvestment Act of 2009 (ARRA or “stimulus act”) and their impact on markets within the power, transportation and building sectors. The company states that its report: “ARRA Report Card: Two Years Later”, creates a time-capsule analysis of the impact of ARRA investments, which it says include allowing U.S. renewable energy markets to grow during the recession.
“ARRA energy-related funding not only presents potential near-term economic benefits, but also long-term economic and strategic investment and a transformative opportunity for the energy sector,” states the report’s introduction. “Without ARRA investments, it is likely that the pace of renewable energy project construction and manufacturing growth would have otherwise slowed dramatically due the sharp economic and financial downturn over this period.”
SBI Energy says smart grid investments were strategic for renewables
The report notes that at USD$94.8 billion, clean energy investments account for 30% of total ARRA appropriations for innovative infrastructure improvements. The Power Sector received USD$21 billion of that funding, let by almost USD$11 billion in investments in smart grids.
The report notes the strategic significance smart grid investments, stating that the successful implementation of increasing renewable energy generation and other ARRA energy initiatives hinges on successful grid modernization.
The report also examines funding for renewable energy research projects, including solar thin-films and new wind turbine designs. SBI Energy cites data from the U.S. Council of Economic Advisors which states that innovations in solar photovoltaic (PV) technology could drive down the cost of PV modules over the next five years as much as 50%.
Among the data presented, the report identifies and profiles 20 private sector companies that have received ARRA awards under clean energy programs.
SBI Energy is a division of MarketResearch.com Inc. (Rockville, Maryland, U.S.).
2011-02-03| Courtesy: SBI Energy | solarserver.com © Heindl Server GmbH
(Source: sbireports.com)
- # Renewable Energy
- # recession
- # energy
- # united states
- # stimulus
- # government
- # arra
- # investment
- # sbi
- # Clean Energy
- # market research
- # market data
- # funding
- # economy
- # solar
- # wind
- # roads
- # recovery
- # Business
- # intelligence
- # construction
- # building
- # transportation
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