PLUNKETT’S SOLAR POWER, WIND POWER & RENEWABLE ENERGY INDUSTRY ALMANAC 2025 CONTENTS Introduction 1 How to Use This Book 3 Chapter 1: Major Trends Affecting the Solar Power, Wind Power & Renewable Energy Industry 7 1) Major Trends Affecting the Solar Power, Wind Power & Renewable Energy Industry 8 2) Introduction 8 3) Solar Installations Boom Due to Government Incentives, Tax Credits and Lower Costs 11 4) Photovoltaic Technologies, Thin Film Solar and Solar Panel Efficiency 12 5) Utility Scale Solar Power Plants 13 6) Space Power 15 7) Wind Power, Including Offshore 15 8) Hydroelectric Power 17 9) Geothermal Power 18 10) Biomass, Waste-to-Energy, Waste Methane and Biofuels from Algae 19 11) Ethanol Production Soared, But U.S. Federal Subsidy Expired 21 12) Cellulosic Ethanol Makes Slow Commercial Progress 22 13) Tidal Power 22 14) Green Hydrogen Draws Major Investment and Development 24 15) The 2022 Inflation Reduction Act Creates Massive Tax Credits in the U.S. 24 16) Fuel Cell and Hydrogen Power Research Continues/Fuel Cell Cars Enter Market 25 17) Electric Cars and Plug-in Hybrids (PHEVs) See Massive New Investments by Auto Makers 26 18) Major Technology Research in Batteries/Massive Investments in Battery Factories and Power Storage 28 19) Natural Gas-Powered Vehicles Gain in Popularity/Long Term Potential Is Bright Thanks to Low Shale Gas Prices 30 20) Homes and Commercial Buildings Seek Green Certification 30 21) Smart Electric Grid Technologies Are Adopted/Massive Utilities Investment Needed 33 22) Grid Enhancements Are Vital to Power Artificial Intelligence (AI) and Distribute Renewable Energy 34 23) Storage Battery Technologies and Installations Boom Worldwide 35 24) Safer Nuclear Power Plants Under Construction in Many Nations 37 25) Small Modular Reactors (SMRs) Will Power Artificial Intelligence (AI) 40 26) Nuclear Fusion Technologies Might Create Unlimited, Emission-Free Power 41 27) New Display Technologies with PLEDs 42 28) Electric Utilities Adopt Coal Emissions Scrubbers While the Industry Tests Carbon Capture and Clean Coal Technologies 43 29) Superconductivity Provides Advanced Electricity Distribution Technology 45 30) The Future of Solar, Wind and Renewable Energy 46 Chapter 2: Solar Power, Wind Power & Renewable Energy Industry Statistics 49 Global Alternative Energy Industry Statistics and Market Size Overview 50 U.S. Solar, Wind and Other Renewable Energy Industry Statistics and Market Size Overview 51 Approximate Energy Unit Conversion Factors 52 Biomass Energy Resource Hierarchy 53 Comparison of Alternative Fuels with Gasoline & Diesel 54 World Total Primary Energy Consumption by Region: 2018-2050 55 Share of Electricity Generation by Energy Source, U.S.: Projections, 2022-2050 57 Energy Consumption by Source & Sector, U.S.: 2023 58 Primary Energy Flow by Source & Sector, U.S.: 2023 59 Net Electrical Power Generation by Fuel Type, U.S.: 1990-August 2023 60 Energy Production by Renewable Energy, U.S.: Selected Years, 1955-2023 61 U.S. Renewable Energy Consumption by Energy Source, 2017 vs. 2023 62 Fuel Ethanol Production & Consumption, U.S.: 1990 - 2023 63 Biodiesel Production & Consumption, U.S.: 2002 - 2023 64 Top 10 Countries by Installed Wind Generating Capacity: 2023 65 Top 15 U.S. States by Installed Wind Generating Capacity: 1st Quarter 2024 66 U.S. Department of Energy Funding for Science & Energy Programs: 2023-2025 67 Federal R&D & R&D Plant Funding for Energy, U.S.: Fiscal Years 2023-2025 68 Chapter 3: Important Solar Power, Wind Power & Renewable Energy Industry Contacts 69 (Addresses, Phone Numbers and Internet Sites) Chapter 4: THE RENEWABLE ENERGY 250: Who They Are and How They Were Chosen 105 Index of Companies Within Industry Groups 106 Alphabetical Index 114 Index of Headquarters Location by U.S. State 116 Index of Non-U.S. Headquarters Location by Country 118 Individual Data Profiles on Each of THE RENEWABLE ENERGY 250 121 Additional Indexes Index of Hot Spots for Advancement for Women/Minorities 380 Index by Subsidiaries, Brand Names and Selected Affiliations 381 A Short Solar Power, Wind Power & Renewable Energy Industry Glossary 389
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