Why Energy?
Electrical energy is indispensable—the lifeblood
of modern, highly-productive
societies
Electricity runs everything in our world today.
Gas stations can’t pump gas without it, offices
close when electricity is unavailable, and the
information age goes dark without reliable electrons.
There is no place to hide from the "touch" of
electric power in any modern city or town. It's
everywhere because we need work done. As long
as the electricity is available, no one thinks
much about it; however, the importance is realized
when the power goes out.
Domestic Outlook
The North American
Electric Reliability
Corporation ("NERC")
projects that while peak
capacity demand
through 2016 will increase
by 18%, capacity supply
will increase by only
13%, in part due to the increasing difficulties
in building new or expanding existing generation
projects in the U.S., especially fossil fuel
projects. Based on these projections, by 2016,
demand for electrical power in the U.S. will
exceed available supply.
Global
Outlook
In the U.S.
Energy Information
Administration ("EIA")
2009 reference case
(IEO2009), world
energy consumption increases
from 472 quadrillion
Btu in 2006 to 552 quadrillion
Btu in 2015 and 678 quadrillion Btu in 2030—a
total increase of 44 percent over the projection
period.
The exponential growth of the world’s population
(currently 6.7 billion
people on the planet,
but projected to exceed
9 billion by 2050) combined with increased per
capita electricity consumption patterns in developing
regions of the globe, means that the demand for
energy is expected to grossly exceed the Earth’s
ability to provide the current level of resources
for all. As a result, increased competition for
resources is likely to drive electrical energy
prices significantly higher.
Because of the vital importance that electricity
plays in modern societies throughout the world,
it is important to recognize that many trends
point to electrical energy shortages and higher
prices developing both domestically and abroad.
This represents an attractive near- and long-term
market opportunity.
Click here to discover: Why Renewable Energy?
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