Six Clean Energy Markets That Will Change Life as We Know It in the Next Five Years

Renewable energy is receiving a big push from the Obama Administration and from governments around the globe. Stimulus packages and government incentives for green technology have created jobs and established new industry, which in turn has sparked a brighter outlook on the world's economy. Going into 2011 and beyond, SBIEnergyhas identified six clean energies that will not only gain double-digit growth in the next five years, but will also alter the lifestyle we know today.

Electric Vehicles -- For years the marketing and advertising from government and car companies alike have boldly stated that electric cars will take over the car industry "real soon now." Now, electric vehicles, in the form of hybrids that combine both gas and electric motors, are finally beginning to do just that. The world populace is accepting hybrid electric vehicles, giving them equal weight as an option in their car purchases. Just how quickly this market will grow depends on several factors including gas prices, government incentives and vehicle price. According to market research from SBI Energy worldwide hybrid electric vehicle sales will double from just under 700,000 units sold in 2009 to 1.5 million passenger hybrid vehicles sold in 2014. Exponential HEV market growth will occur in smaller existing markets such as Europe, Australia and South Korea, and in new markets such as India and China where product sold will increase from 95,000 vehicles in 2010 to 440,000 vehicles in 2014, a phenomenal 47% compound annual growth rate.

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Duke shows off sexy electric vehicle

Duke Energy is introducing its customers to electric vehicles with a $120,000 pocket rocket that shoots from zero to 60 mph in 3.7 seconds.

Duke leased its Tesla Roadster Sport about a month ago and will show it off to the public at community events, conferences and so on. The sleek sports car is at the luxe end of EV production that will include the Chevy Volt, to be released in October, followed by the Nissan Leaf rollout early next year.

Mike Rowand, Duke’s technology strategy director, guided the silver Tesla onto Interstate 240 this afternoon – then, ever so briefly, floored it. The car instantly leapt to full torque with a not-quite-silent whine, pressing a passenger’s back into the black leather seat.

“You come away with a Tesla smile” with that kind of acceleration, Rowand said. Regenerative braking quickly slowed the car, capturing the energy normally lost in braking and storing it in the lithium-ion batteries.

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Electric vehicles aim for 'longest and greenest' world tour

GENEVA — Electric vehicles from Australia, Germany and Switzerland set off Monday on the "longest and greenest" round-the-world drive to promote emissions free transport and November's world climate conference.

The UN-backed "Zero Race" is organised by Swiss schoolteacher Louis Palmer, who made headlines with his 18-month pioneering world tour in a solar-powered "taxi" two years ago, picking up celebrities on the way.

"With this race we want to show that seven billion people on this planet need renewable energy and clean mobility," said Palmer.

"Petrol is running out and the climate crisis is coming, and we are all running against time."

A South Korean vehicle failed to reach the start line at the United Nations in Geneva in time after it broke down with "a minor battery problem" some 60 kilometres (37.3 miles) up the road, Palmer said.

It was due to join the other three teams later in the day.

The Zero Race is planning to stop off at the World Climate Conference in Cancun, Mexico, after touring through Europe, Russia, China, Canada and the United States before heading back to Geneva in January 2011.

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Electric cars are cleaner, even when the power comes from coal

While I am not a fan of General Motors and their horrible past scandals with the electric car or their current federal financial bailout, I am surprised by the falsehoods that writers use to describe the Chevy Volt. The Aug. 10 column by Jonah Goldberg, a conservative commentator, has the facts just plain wrong.

Goldberg does not seem to understand some basic energy principles. Even with the source of electricity coming from the most polluting methods of production, in this case, coal, electric vehicles will produce significantly less CO2 and other toxic pollutants into the atmosphere than produced by gasoline engines.
This is because the efficiencies of electric motors are far greater than their gasoline counterparts. Gas engines produce lots of heat (thus are about 25 percent efficient), while electric motors produce little heat and thus can be up to 95 percent efficient.

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Anti-global warming push also best for the economy

Until just recently the view prevailed that there was a tradeoff relationship between achieving respectable economic growth and reducing the emission of greenhouse gases, most of which consist of carbon dioxide. This led to a wide debate on how to achieve both goals.

A major change has occurred, however, since U.S. President Barack Obama initiated his Green New Deal, which has led me to believe that attaining CO2 

reduction targets requires the promotion of environment-friendly products and renewable energy, and that therein lies the driving force for economic growth among industrialized nations.Take, for example, solar cells, which are, at present, installed on the rooftops of only 2 percent of residential houses in Japan. The current cost of installing solar cells is about ¥600,000 per kilowatt of electricity. So, about ¥1.8 million — about the price of an automobile — is needed to equip a house with cells generating 3 kw.

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