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Continual Rises in U.S. Energy Consumption Beg for Improved Efficiency and Sustainable Forms of Generation, Finds Frost & Sullivan

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Continual Rises in U.S. Energy Consumption Beg for Improved Efficiency and Sustainable Forms of Generation, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, June 27, 2012 - Analysis of U.S. energy challenges to 2020 MOUNTAIN VIEW, California, June 27, 2012 /PRNewswire/ -- The United States is challenged by exorbitant energy demands, accounting for 26 percent of the world's energy consumption, and corresponding greenhouse gas emissions. Currently, the nation imports nearly 30 percent of the energy it consumes, and minimal reduction in imports is anticipated to 2020. While trying to address the issue of energy dependence on foreign supply in light of forecasted unremitting growth in energy consumption, the United States has embarked on its most aggressive movement toward a sustainable future. Renewable energy, greater efficiency in consumption, and more intelligent transmission and distribution methods will be the main focuses for overcoming the energy challenges that lay ahead. New analysis from Frost & Sullivan's (http://www.energy.frost.com) U.S. Energy Challenges for 2020 research finds that United States energy consumption will increase by 7.3 percent during a 10-year period over 2010 levels. To meet this mounting need, the market has witnessed strong growth in renewable technologies, which has been supported by the focus on domestic energy production and sustainability.
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Continual Rises in U.S. Energy Consumption Beg for Improved Efficiency and Sustainable Forms of Generation, Finds Frost & Sullivan
PR Newswire MOUNTAIN VIEW, California, June 27, 2012
- Analysis of U.S. energy challenges to 2020 MOUNTAIN VIEW, California,June 27, 2012/PRNewswire/ --The United Statesis challenged by exorbitant energy demands, accounting for 26 percent of the world's energy consumption, and corresponding greenhouse gas emissions. Currently, the nation imports nearly 30 percent of the energy it consumes, and minimal reduction in imports is anticipated to 2020. While trying to address the issue of energy dependence on foreign supply in light of forecasted unremitting growth in energy consumption,the United Stateshas embarked on its most aggressive movement toward a sustainable future. Renewable energy, greater efficiency in consumption, and more intelligent transmission and distribution methods will be the main focuses for overcoming the energy challenges that lay ahead. New analysis from Frost & Sullivan's (http://www.energy.frost.com)U.S. Energy Challenges for 2020research finds thatUnited Statesenergy consumption will increase by 7.3 percent during a 10-year period over 2010 levels. Tomeet this mounting need, the market has witnessed strong growth in renewable technologies, which has been supported by the focus on domestic energy production and sustainability. Solar photovoltaic (PV) and wind power are the fastest growing renewable technologies and will represent more than 40 percent of electricity generation in 2020. If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. According to the Department of Energy, 223 gigawatts (GW) of new generating capacity will be needed between 2010 and 2035. Local transmission infrastructure capability, currently in the process of being upgraded to withstand increasing loads and new forms of generation, is an important requirement to deploy large renewable energy projects that also meet the necessary GW capacity. Additionally, the transmission line shortage is threatening to slow the growth of wind energy and large utility-scale solar projects, and could prevent some states from meeting renewable energy mandates. High capital costs further challenge renewable technologies growth, highlighting the industry's need for government financial incentives. "Increased energy consumption over the forecast period of 2010 to 2020 is driven by increases in population and economic growth," said Frost & Sullivan Senior Industry Analyst Georgina Benedetti. "The population inthe United Statesis projected to increase by 7.5 percent from 2011 levels, reaching 324 million by 2020." Section 1603 of the American Recovery and Reinvestment Act of 2009 was one of the main drivers for solar installations during 2010 and 2011, but the market