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Renewable Energy and the Smart Grid 2011
Intelligent Communications Partners / Zpryme Research, April 2011, Pages: 38
The purpose of this report is to present a comprehensive look at the renewable technology and equipment market in the U.S. This report will further assess the market for Smart Renewable technology, which pertains specifically to technologies that enhance or amplify the integration of renewable energy sources into the electric grid. The Smart Grid as a whole is the key enabling platform for each of these Smart Renewable technologies. Zpryme and ICP employed a two-stage research approach to accomplish this objective.
- In depth industry interviews with major Smart Grid vendors, renewable energy manufacturers, industry groups, regulatory bodies and investor-owned utilities that are deploying Smart Grid technology and integrating renewable energy sources into their power systems.
- U.S. market size and value projections for wind, solar, hydro, geothermal and biomass power. Market value projections for Smart Renewable technologies by each of the respective renewable energy sources are also projected.
Methodology
Zpryme and ICP forecasts for renewable energy equipment and technology and Smart Renewable technologies were derived using the U.S. Energy Information Administration's 2010 Baseline (reference case) forecasts for U.S. energy generation for wind, solar, biomass, geothermal and hydro power. The baseline data were then synthesized with inputs from publicly available information on each of the respective renewable energy markets. Further, heavy investigation into the Smart Grid industry was analyzed as the Smart Grid is considered a key driver of growth of renewable energy sources in the U.S.
Federal and state incentive programs and stimulus funds for renewable projects and Smart Grid technology were also key inputs used to develop the forecasts in this report. Last, renewable energy projects and Smart Grid renewable resource integration projects were also assessed to identify the technologies, costs and adoption barriers for renewable resources and Smart Renewable technologies.
The forecast period for this report is 2010 to 2015. The forecasts do not account for proposed legislation or programs that have not been approved by the U.S. federal government or any U.S. state government.
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