All major industries are now focusing on developing green products like never before. These industries are mainly electronics, power and automobiles. According to a new book, clean technology is opening a world of opportunities for companies and investors who see a chance to become world leaders.
The book named ‘The Clean Tech Revolution: The Next Big Growth and Investment Opportunity’ has been written by Ron Pernick and Clint Wilder. The writers define clean tech as:
Any product, service, or process that delivers value using limited or zero nonrenewable resources and/or creates significantly less waste than conventional offerings.
There is no question that clean energy has a bright future. The rising cost of fossil fuels has triggered a major shift – raising the demand of clean energy and hence decreasing its cost – automatically making people to adopt it on a large scale. This had already made many companies re-invent business strategies and work up plans that can give their customers next-gen green products. According to the authors, many cities have also adopted the green revolution; such clean tech cities include Copenhagen, where wind power generates 20% of Denmark’s electricity needs, and Chicago – a leader in green buildings saving energy. These cities are closely followed by the top-10 roster of new Silicon Valleys including Austin, Texas; Freiburg, Germany; New York; Vancouver, British Columbia; Hyderabad, India; Portland, Oregon; San Francisco; and Shanghai.
To satisfy the rising demands of energy in countries like India and China, companies will have to chalk out plans to provide better alternatives at a lower cost than conventional energy schemes. This demand has also made some companies associated with alternate energies to make new milestones. Solar energy companies are competing for a projected $69 billion in sales by 2016, that is up from $16 billion last year, while the companies associated with wind energy have also stated their plans which includes $61 billion up from $17.9 billion in 2006.
These authors have also stated that there are eight main sectors that have the strongest growth opportunities. These sectors include solar energy, wind energy, biofuels and biomaterials, green buildings, personal transportation, smart electric grids and other portable applications that include fuel cells and water filtration.
If we go by the authors then we have to state that green and clean energy will shape the names of the next-generation world business leaders.
Via: Reuters
