A rebuttal of coal and big endorsement of Nat Gas!
Friday July 9, 11:40 am Eastern Time
Company Press Release
SOURCE: Allied Business Intelligence, Inc.
Expect Deadly Energy Shortages - They Are Here to Stay, ABI Says
OYSTER BAY, N.Y., July 9 /PRNewswire/ -- The phrases are now familiar: ``rolling blackouts,' ``low voltage,' and ``brownouts.' All of the terms will become more common due to one fact: the next five years will be filled with nationwide energy shortages caused by an unprepared US power industry. ``These energy shortages are just symptomatic of a situation that is going to get much worse before it gets better,' said ABI senior analyst Mike Kujawa. Kujawa authored a recently released ABI report which spelled out how the nation's energy demands are now exceeding the existing energy supply.
In anticipation of the new competitive nature of the energy industry, utilities stopped building power plants about a decade ago, waiting to see how the new world of deregulation panned out. However, the booming economy of the past ten years saw energy needs continue to grow at a rapid pace.
As billions of dollars are invested by 400 independent power producers nationwide, still not enough is being done. The study shows that over a hundred billion dollars must be put into new power generation capability by 2010 to meet demand.
Markets for fuel cells, microturbines, cogeneration, and wind turbines will climb into the tens of billions of dollars annually by 2010. All either reduce or eliminate the emissions associated with power production. ``Wind turbines alone could supply the US with much of its needed capacity, for example,' Kujawa said. For congested areas with constrained power and gas distribution capacity, distributed generation technologies are likely to be the only way out of the current situation.
The present equipment of choice, large gas turbines, is in short supply. There is not enough manufacturing capacity to satisfy demand for large gas turbines in the US while maintaining market position in other countries. Another traditional energy source -- coal -- has seen its use stop growing due to global warming while a newer energy source -- nuclear energy -- is seen as too dangerous.
The study, ``Power Generation Opportunities in a Restructured Environment,' addresses the causes of the regular power shortages now part of the national power supply grid. The situation is creating large markets for a number of new power marketers and electricity production technologies.
Allied Business Intelligence, Inc. is an Oyster Bay, NY-based technology research think-tank which publishes strategic research on the broadband, wireless, electronics, automation, energy and transportation industries. Details of these studies can be found at alliedworld.com. Or call 516-624-3113 for more info. |
