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CLEAN ENERGY MARKETS AND CAPABILITIES
According to American Clean Power, over $150 billion in clean energy investments have been announced since August 2022. This includes nearly 50 projects including 26 solar manufacturing facilities, 10 utility scale battery storage facilities, and 8 wind power facilities. Some of the growing sectors in the clean energy include: • Solar, Wind, Hydro, Geothermal Energy • Natural Gas, RNG, & LNG with a focus on reduced environmental impact • Hydrogen technologies • Carbon Capture, Storage and Use Technologies • Smart Grid Technologies • Nuclear
Clean energy products include goods that store energy, reduce waste, increase efficiency or decrease emissions. Supply chain participants include manufacturing companies that make components, packaging and adjacent products. Some of the clean energy product categories include: • Green Building Technologies • Plastic Circular Economy • Grid Components • Low-Carbon Intensity Products and Feedstocks • Battery storage and related infrastructure • Electric Vehicle and Charging Infrastructure Manufacturing • Energy Efficiency
A green factory is equipped with energy efficient design and manufacturing processes that reduce waste in the form of greenhouse gas emission, environmental pollution and energy consumption. A greener factory is better for the community and the world but it can also benefit the company financially. The first step is to be aware of current green manufacturing processes and ways they can lower costs and provide revenue opportunities.
Once a company is aware of small and large actions that could reduce energy consumption and emissions waste, the next step is deciding how to act on it. Are there programs to help pay for energy efficiency projects or are new clients looking for a supplier with a sound sustainability process? Finding opportunities and deciding the best plan to benefit from them is the next step.