Global BioFuels Market Exceeds Wind and Solar as Clean Energy Revenues Soar to $40 Billion in 2005, Reports Clean Edge; U.S. Venture Capital Investments Reach $917 Million in 2005, Up 28 Percent From 2004
For the first time, the 2006 report tracks the burgeoning biofuels market (ethanol and biodiesel), which Clean Edge reports hit $15.7 billion globally in 2005 and is projected to grow to $52.5 billion by 2015. Up more than 15 percent from 2004, biofuels exceeded wind or solar in 2005 global revenues. Clean Edge projects that markets for solar photovoltaics (modules, system components, and installations) will grow from $11.2 billion in 2005 to $51.1 billion by 2015; wind power installations will expand from $11.8 billion last year to $48.5 billion in 2015; and fuel cells and distributed hydrogen will grow from $1.2 billion in 2005 to $15.1 billion by 2015.
“Each of the five principal energy-tech categories rose from 2004 and are getting a bigger slice of the venture capital pie.”
The free report, entitled "Clean Energy Trends 2006," examines factors that are influencing clean-energy market growth and tracks five key trends:
-- Clean Energy Becomes a U.S. Security Issue
-- Innovation Stretches Silicon for Solar
-- Renewables Cross a Tipping Point
-- Flex Fuels Gain Power and Speed
-- China and India Loom Large
Clean Edge, in collaboration with Nth Power, a leading energy-tech venture firm, also released Nth Power's annual energy-tech venture data. This year's findings, contained in "Clean Energy Trends 2006," show that venture capital (VC) investors poured $917 million, an increase of approximately 28 percent from 2004, into more than 80 private companies. These investments, primarily in distributed energy, energy intelligence, power reliability, advanced materials and nanotechnology and related services, represented more than 4 percent of the $21.7 billion U.S. venture capital market, up from 3.3 percent in 2004.
"2005 marked a sharp rise in venture capital dollars invested in energy-tech companies," explains Rodrigo Prudencio, principal, Nth Power. "Each of the five principal energy-tech categories rose from 2004 and are getting a bigger slice of the venture capital pie."
"Last year was a seminal point in the growth of the clean energy markets, as investors, innovations, and industries converged to dominate the headlines," explains Clean Edge co-founder Ron Pernick. "With clean energy reaching price parity with 'dirty' counterparts and solar claiming the three largest tech IPOs in 2005, it's clear that clean energy is becoming a critical and lucrative factor in the global economy."
To download Clean Edge's "Clean Energy Trends 2006," please visit www.cleanedge.com.
About Clean Energy Trends 2006
Clean Edge issues its annual Clean Energy Trends report to track key developments in clean-energy markets. Past reports have been downloaded by tens of thousands of individuals in government, finance, industry, and the media. "Clean Energy Trends 2006" is made possible by the support of its sponsors, including lead sponsor Nth Power (www.nthpower.com) and major sponsors Global Environment Fund (www.globalenvironmentfund.com), Heller Ehrman (www.hellerehrman.com), Pacific Growth Equities, LLC (www.pacgrow.com), Antenna Group Public Relations (www.antennagroup.com), and Environmental Entrepreneurs (www.e2.org).
About Clean Edge, Inc.
Clean Edge, Inc., The Clean-Tech Market Authority, is a leading research and publishing firm that helps companies, investors, and policymakers understand and profit from clean technologies. Since 2001, the company has been providing market research and reports, conferences and events, and strategic consulting services to the clean-energy and clean-tech industry. Clean Edge and its network of partners and affiliates offer unparalleled insight and intelligence. To keep abreast of the latest clean-tech developments, access industry reports, learn more about the annual Clean-Tech Investor Summit, or sign up for Clean Edge's monthly newsletter, visit www.cleanedge.com.