Green Progress

Alternative Energy

Nanotechnology for Sustainability: Key Opportunities for Energy Saving

A new report from Cientifica, "Nanotechnologies for the Energy Markets" indicates that the primary impact of nanotechnologies will be in more efficient use of existing resources rather than the creation of new supplies from solar and hydrogen based technologies.

Using a new economic model based on primary research that quantifies the impact and diffusion of nanotechnologies over time, allowing accurate quantification of market impacts the report concludes that
  • The most immediate opportunities lie in saving energy through the use of advanced materials and this is already a $1.6 billion dollar market, predicted to rise to$ 51 billion by 2014
  • Despite advances in battery technology, hydrogen storage and fuel cells, energy saving technologies will exhibit faster growth, accounting for 75% of the market for nanotechnologies in 2014, up from 62% in 2007
  • The adoption of energy generation technologies is highly sensitive to geopolitical factors and consumer acceptance, while energy saving technologies exhibit no such problems
  • Solid state lighting, nanocomposite materials, aerogels and fuel borne catalysts will have the greatest impact between now and 2014
  • Compound annual growth rates are 64% for energy saving technologies and 90% for energy generation, while energy storage applications show a comparatively lowly 30%.
  • Applications in transportation will increase to $50 billion by 2014 with a CAGR of 72%
Cientifica CEO Tim Harper commented "by 2014, 75% of the applications of nanotechnology surveyed will be in the transportation sector, with the major benefits being reduced emissions and greater drive train efficiency."

Cientifica research director Hailing Yu added "the use of nanomaterials to increase energy efficiency represents a major global opportunity. While nanotechnologies will definitely play a role in the creation of renewable energy resources, the smart money today is on nanomaterials."

The 200-page report also provides a comprehensive look at all energy related applications of nanotechnologies with full technology and company listings and is available immediately to Cientifica clients from

More Alternative Energy Articles

Department of Energy to Train 75,000 Solar Workers

First Hybrid-Flywheel Energy Storage Plant in Europe announced in Midlands

World's Largest Solar Thermal Power Project at Ivanpah Achieves Commercial Operation

NTU Scientists Make Breakthrough Solar Technology

Wireless Devices Go Battery-Free Using "Ambient Backscatter" from TV and Cellular Transmissions

Harvesting Electricity from the Greenhouse Gas Carbon Dioxide

Maine Project Launches First Grid-Connected Offshore Wind Turbine in the U.S.

University Researcher Making Rechargeable Batteries with Layered Nanomaterials

Vestas 8 MW Offshore Wind Turbine Could Power Up To 3200 Homes

Urban Green Energy and GE Unveil the Sanya Skypump, an Electric-Vehicle Charging Station Equipped with Wind and Solar Power

even more articles...

Suggest an Article for Green Progress

Green Progress :: Green Technology and Environmental Science News
Green Progress is an EcoMethods™ sustainability project. Copyright © 2005 - 2019 Green Progress. All rights reserved.