Nanotechnology for Sustainability: Key Opportunities for Energy Saving, Few for New Energy Generation.LONDON -- The increasing desire for energy independence in the face of growing global competition for oil, Middle Eastern political instability and concerns over carbon emissions is causing many energy companies to look for technological solutions. A new report from Cientifica, "Nanotechnologies for the Energy Markets" indicates that the primary impact of nanotechnologies will be in more efficient use of existing resources rather than the creation of new supplies from solar and hydrogen based technologies. Using a new economic model based on primary research that quantifies the impact and diffusion of nanotechnologies over time, allowing accurate quantification of market impacts the report concludes that * The most immediate opportunities lie in saving energy through the use of advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, and this is already a $1.6 billion dollar market, predicted to rise to$ 51 billion by 2014 * Despite advances in battery technology, hydrogen storage
Hydrogen storage is the main technological problem of a viable hydrogen economy. Some attention has been given to the role of hydrogen to provide grid energy storage for unpredictable energy sources, like and fuel cells, energy saving technologies will exhibit faster growth, accounting for 75% of the market for nanotechnologies in 2014, up from 62% in 2007 * The adoption of energy generation technologies is highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" to geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. factors and consumer acceptance, while energy saving technologies exhibit no such problems * Solid state lighting, nanocomposite materials, aerogels and fuel borne catalysts will have the greatest impact between now and 2014 * Compound annual growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. are 64% for energy saving technologies and 90% for energy generation, while energy storage applications show a comparatively lowly 30%. * Applications in transportation will increase to $50 billion by 2014 with a CAGR CAGR See: Compound Annual Growth Rate of 72% Cientifica CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tim Harper commented "by 2014, 75% of the applications of nanotechnology surveyed will be in the transportation sector, with the major benefits being reduced emissions and greater drive train efficiency." Cientifica research director Hailing Yu added "the use of nanomaterials to increase energy efficiency represents a major global opportunity. While nanotechnologies will definitely play a role in the creation of renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. resources, the smart money today is on nanomaterials." The 200-page report also provides a comprehensive look at all energy related applications of nanotechnologies with full technology and company listings and is available immediately to Cientifica clients from www.Cientifica.com. |
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