Clean Energy
- Situation
- Up to 100 GW of U.S. coal and nuclear energy to be retired by 2020
- Clean energy costs are expected to decline significantly in the coming decade
- Continuing low natural gas prices as an inhibiter
- Continuing capital markets constraints
- $15 billion annual government subsidies of fossil fuels
- Market Opportunities
- Investment in the U.S. clean energy sector surpassed $100 billion in 2012–2013
- U.S. clean energy market projected to grow annually 12% to 14% to 2016
- Renewable Portfolio Standards (RPS) mandate the percentage of electrical energy from renewable sources in 29 states, as of yearend 2014
- Renewable energy is expected to account for 60% of new capacity and 65% of all power investment by 2030 globally
- NewWorld Investment Focus
- Balance-of-system solar innovations
- Distributed solar financing
- Roof-mounted solar innovations
- Biomass co-firing
- Companies addressing optimization and resource mapping (e.g., solar, wind, geothermal, hydropower)
- NewWorld focuses on “backwards compatible” businesses that do not require material change in the downstream product distribution and service system