A new report for Advanced Energy Economy prepared by Guidehouse Insights shows 2020 US revenue totaled $240 billion
As the Biden administration moves forward with a significant economic recovery infrastructure bill, and state leaders consider numerous bills related to technology solutions, a new report shows the advanced energy sector is poised to drive economic recovery, job creation, and US competitiveness.
The Advanced Energy Economy’s (AEE’s) 2021 Advanced Energy Now Market Report, prepared by Guidehouse Insights, highlights growth trends across the energy industry in the US and globally. The report shows that in 2020, advanced energy revenue reached $1.4 trillion worldwide, with the US market totaling $240 billion.
“Despite the headwinds and challenges of 2020, the advanced energy market demonstrated remarkable resilience and growth, with key segments booming,” said Nat Kreamer, CEO of AEE. “These technologies and services are core parts of today’s economy and positioned to drive our nation’s economic recovery, creating jobs, and lasting solutions to our nation’s energy needs.”
The report, which draws on more than 60 Guidehouse Insights studies, also found that: