Alternative Energy Sources Industry Overview

Companies that research, develop, and/or operate alternative energy facilities, such as biomass, ethanol, solar, and wind power generation facilities.

Full Alternative Energy Sources Industry Description

Use of Renewable Sources

Increased Focus on Reducing Oil Imports

Issues concerning safety (nuclear); long-term cost (petroleum and natural gas); and greenhouse gases (coal) are complicating and making more expensive the approval process for new power plants. Federal and state legislatures are actively encouraging development of electric power from wind, solar, geothermal, and hydro sources. A number of states have set capacity targets for the amount of power produced using renewable sources.

The government has set a goal to reduce dependence on Middle East oil 75 percent by 2025, of which developing alternative transportation fuels is key. Political instability in the Middle East continues to make reducing oil imports a national priority.

Full Alternative Energy Sources Industry Trends

• ABEnergy Ltd
• Alkane Energy plc
• Catamount Energy Corporation

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Alternative Energy Sources maps to a number of NAICS codes including:

Full Alternative Energy Sources Industry Codes

• American Gas Association
  
• American Public Power Association
  
• Electric Power Supply Association
  

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