DOE Releases Annual Market Reports for Renewables & Tech

Today, the U.S. Department of Energy (DOE) released three 2010 market reports which detail the market conditions and trends for wind energy, advanced vehicles, and fuel cell technologies. Taken together, these three market reports illustrate growth in deployment and manufacturing across all three technologies—improving the nation’s global competitiveness in the clean energy economy and creating clean tech jobs for U.S. workers.

The 2010 Wind Technologies Market Report PDF, produced by DOE’s Lawrence Berkeley National Laboratory, analyzes trends in wind power capacity, manufacturing, performance, and costs. The results indicate that wind energy installations comprised 25% of new U.S. electricity capacity additions in 2010, representing $11 billion in new investments and enough new capacity to power roughly 1.3 million homes. The report also notes that U.S. manufacturing of wind turbine components continues to increase, with domestically produced goods used in U.S. wind power projects reaching approximately 68% in 2009-2010, up from 52% in 2005-2006. Another key finding from the report is a 33% decline in wind turbine prices since 2008. The report predicts that current turbine prices and improved turbine performance will drive the cost of wind energy down further in the coming years.

The 2010 Fuel Cell Technologies Market Report PDF, produced by the Breakthrough Technologies Institute, provides an overview of trends in the fuel cell industry, including product shipments, market development, and corporate performance. The report indicates continued growth in commercial deployments, especially material handling equipment like forklifts and lift trucks, combined heat and power (CHP), and back‐up and auxiliary power unit (APU) applications. The report shows that fuel cell costs continue to fall, noting that the high-volume cost of automotive fuel cells declined to $51 per kilowatt%an 80% reduction since 2002. Commercial sales continue to grow as the number of fuel cell units shipped from North America quadrupled between 2008 and 2010. With increasing market penetration, falling costs, and significant improvements in performance and durability, positive trends in the fuel cells market are expected to continue into 2011 and beyond.

Earlier this year, DOE and its Oak Ridge National Laboratory released the 2010 Vehicle Technologies Market Report PDF, which documents trends in fuel efficiency, component suppliers, and the overall market for alternative fuel vehicles. The report finds that in the past five years, car manufacturers have produced cars that are more energy efficient, incorporated innovative lightweight materials, built cleaner-burning engines, and deployed new hybrid electric systems that reduce the need for traditional petroleum-based fuels. The report also predicts that the number of hybrid electric vehicles (HEVs) and plug-in HEVs will rise significantly with increases in production, particularly in battery manufacturing. Hybridization and efficiency improvements show the most promise for reducing heavy truck fuel consumption in the coming years.

These reports, facilitated by the Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE), signal important developments across clean energy and energy efficiency sectors and will be a valuable tool for state and local officials, as well as industry stakeholders. The Office of Energy Efficiency and Renewable Energy invests in clean energy technologies that strengthen the economy, protect the environment, and reduce dependence on foreign oil. For more information on EERE projects and initiatives please visit our website.

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