November 04, 2006

Growth of the Renewable Energy Market Will Be Driven by Investment in Storage Technology

Press Release
Wednesday October 18, 9:00 am ET
CAMBRIDGE, England, October 18 /PRNewswire/ -- The renewable energy sector is attracting over $30 billion of investment a year, but future growth will depend on advances in energy storage technology. This is the conclusion of a recently publishe report by Cambridge UK based analysts, CarbonFree. According to the report, emphasis will shift away from photovoltaic technology and towards fuel cell, hydrogen generation and geothermal systems. According to CarbonFree, this shift will provide investment opportunities in downstream renewable energy products such as hydrogen and electricity - at present only polysilicon, rather than the energy it generates, is traded as a commodity.