Saturday, February 08, 2014

Renewables, Natural Gas, and Efficiency Leading American Energy Transformation

Bloomberg New Energy Finance (Credit: bnef.com)
Bloomberg New Energy Finance has released their 2014 installment of the Sustainable Energy in America Factbook [pdf] for The Business Council for Sustainable Energy, and found that renewable energy, natural gas, and energy efficiency advancements are leading a transformation of America's energy systems.

While there have been political shifts to and from over the past year, this latest Factbook only adds to the data showing the need and value of transitioning to cleaner and more energy efficient systems, while increasing the data documenting the long-term trend towards the same.

"The U.S. energy transformation that began in the mid-2000s gained additional momentum in 2013," said Lisa Jacobson, president of The Business Council for Sustainable Energy.  "The Factbook plays a vital role in chronicling this fast-moving transformation, which is creating whole new industries and thousands of new jobs in the energy efficiency, natural gas and renewable energy sectors."

According to the Factbook research, renewable energy provided 13% of US electricity generation across 2013, while simultaneously reaching all-time lows in costs, allowing renewable energy technologies to be cheaper than fossil fuel electricity in some parts of the US.  According to BNEF, however, "small , distributed generators and off-grid installations, meanwhile, began to emerge as a transformative force in the power industry."

Renewables, Natural Gas, and Efficiency Leading American Energy Transformation

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