ARRA Energy Report Card: Two Years Later

Jan 1, 2011
212 Pages - Pub ID: SB2849576
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Introduction At $94.8 billion, clean energy investments account for the largest portion, 30 percent, of ARRA appropriations directed for innovative infrastructure improvements. This public spending in the form of direct funds and tax incentives were appropriated to encourage innovation and adoption of clean energy technologies, establishing a foundation for a national transition to a clean energy economy. ARRA energy-related funding not only presents potential near-term economic benefits, but also long-term economic and strategic investment and a transformative opportunity for the energy sector.

The greatest opportunities to reduce energy consumption and carbon emissions can be found in the transportation, power, and residential and commercial buildings sectors. To this end, ARRA clean energy provisions represent an array of investments in advances in clean transportation, renewable power generation, modernization of the electric transmission and distribution grid, carbon capture and sequestration, and building efficiency. These investments support the development, production, and/or deployment of a host of both new and existing technologies, industry training to install, operate, and maintain these technologies, and community outreach programs to facilitate market conditioning to accelerate adoption of new, energy efficient products and methods.

The Transportation Sector received the greatest stimulus boost in terms of sheer dollar allotment with more than $22 billion to promote the development, production, and purchase of energy efficient transportation solutions and technologies. ARRA funding of mass transit will be essential to reversing the years of infrastructure deterioration, the declining service reliability for transit riders, the increasing maintenance costs for transit operators, and the worrisome limitations on the ability to expand system capacity at a time of high demand. Meanwhile, ARRA investment in advanced vehicles and fuels has the potential to someday deliver affordable electric cars that can drive 300 miles on a single charge, powered by $10 of clean electricity instead of $50 of oil—a scenario that could emancipate the country from its reliance on imported oil.

The Power Sector received the second highest allotment of ARRA funding with almost $21 billion, lead by investments in the smart grid that approached $11 billion. Smart grid investment, can be regarded as the biggest stimulus winner in terms of latent impact because the favorable implementation of various other ARRA energy initiatives—increasing renewable electricity generation and enabling electric vehicles while simultaneously ensuring reliability of electric service—hinges on successful grid modernization. In addition, maximizing the efficiency of the smart grid is widely viewed as the incident that will usher in an era of energy independence for the U.S. ARRA has demonstrated substantial effects within the Power Sector. For example, growth in renewable energy has increased since 2009, despite recessionary conditions, due in large part to ARRA. This will enable the U.S. to make significant progress toward meeting a goal of doubling its renewable generation capacity by 2012. Without ARRA investments, it is likely that the pace of renewable energy project construction and manufacturing growth would have otherwise slowed dramatically due the sharp economic and financial downturn over this period.

Lastly, the more than $18 billion dedicated to the Building Sector will aid the anticipated—and substantial—increase in building renovation aimed at making structures more energy efficient to combat rising energy costs and adverse environmental impacts. Energy efficiency gains in residential and commercial buildings as a direct result of ARRA are expected to decrease overall energy consumption of these sectors by nearly 3% in 2015. The EIA estimates that the savings in energy expenditures from these efficiency gains will exceed $13 billion in 2020.

Finally, one key success factor for the ARRA has been its ability to leverage federal funding with co-investments from the private sector and state and local governments to complement its investments in a wide range of activities. ARRA direct investments and tax incentives of about $95 billion in clean energy programs requiring co-investments will support about $250 billion in total investments in clean energy markets.

Report Scope

  • ARRA Energy Report Card: Two Years Later examines the ARRA clean energy investments and their impact on the various clean energy markets within the power, transportation, and building sectors. The report presents the ARRA direct investments, segmented by sector and clean energy market, and provides details with regard to cross-sector energy-related ARRA investments and tax incentives. A summary of the clean energy markets within each sector likely to be impacted by ARRA energy investments is presented, along with obligations to date, and potential impact and estimated market size to 2015. Several examples of specific projects are also included.
  • ARRA direct investments made in the power, transportation, and buildings sectors are discussed in detail. The report includes specific program details, appropriations amounts, awardees, and intent. Further, the markets expected to benefit from ARRA provisions are highlighted by sector. Discussion of these markets includes products and technologies and estimated market size to 2015.
  • Identification and profiling of twenty private-sector companies that have received American Recovery and Reinvestment Act awards under clean energy programs discussed in the report. These companies represent some of the largest total ARRA clean energy awards made to private sector companies to date. Recipient awards in the categories of renewable generation, grid modernization, carbon capture and sequestration, transportation, and energy efficiency are represented. Key profile information, brief descriptions of company activities, and discussion of company ARRA clean energy award activities are provided.

Report Methodology

The information in ARRA Energy Report Card: Two Years Later is based on primary and secondary research. Primary research entailed interviews with firms involved in the manufacture, distribution and sales of various clean energy technologies, systems and products, analysts and consultants to the energy industry to obtain insight into the products, technologies and market factors shaping the industry. Secondary research entailed data gathering from relevant sources, including government resources including: National Renewable Energy Laboratory (NREL), United States Department of Energy (DOE), United States Energy Information Administration (EIA); international institutions including the International Energy Agency (IEA), industry resources, company literature, SEC filings, and corporate annual reports.

What You’ll Get in This Report

ARRA Energy Report Card: Two Years Later contains important insights and projections regarding the future of clean energy markets impacted by ARRA investments and pinpoints ways current and prospective players can benefit from ARRA funding and related growth in these markets. No other market research report provides both the comprehensive analysis and extensive data that ARRA Energy Report Card: Two Years Later offers. Subscribers will benefit from extensive data, presented in easy-to-read and practical charts, tables, and graphs.

How You’ll Benefit from This Report

If your company is already doing business related to clean energy solutions, or is engaged in activities pertaining to renewable energy generation, smart grid, clean coal/carbon sequestration, energy storage, electric vehicles, components, and infrastructure, biofuels, mass transit, or building energy efficiency, you will find this report invaluable. It provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the ARRA investments and impact on clean energy markets, as well as the projected market size and trends for the clean energy markets mentioned above.

This report will help:

  • Marketing managers understand the forces shaping the market for commercial available clean energy technologies and identify market opportunities.
  • Research and development professionals stay on top of competitor initiatives and explore demand for clean energy technologies.
  • Business development executives understand the dynamics of the various clean energy markets discussed and identify possible partnerships.
  • Information and research center librarians provide market researchers, product managers, and other colleagues with the vital information they need to do their jobs more effectively.
Chapter 1: Executive Summary
Report Scope
American Recovery and Reinvestment Act
Figure 1-1: ARRA Public Investment Funding by Sector (in $ B)
Figure 1-2: ARRA Clean Energy Appropriations by Type (in $ billion)
Table 1-1: ARRA Clean Energy Provisions by Category (in $ B)
ARRA in the Power Sector
Table 1-2: ARRA Power Sector Direct Investment Provisions (in $ B)
ARRA in the Transportation Sector
Table 1-3: ARRA Clean Energy Programs, Transportation (in $ B)
ARRA in the Buildings Sector
Table 1-4: ARRA Clean Energy Programs, Residential and Commercial Buildings (in $ B)
ARRA Cross-Sector Energy Appropriations
Economic Impact of ARRA
Figure 1-3: Macroeconomic Impact of ARRA (in % change and #)
ARRA Impact: Clean Energy Markets-Power Sector
Renewable Generation
Carbon Emissions
Grid Modernization
ARRA Impact: Clean Energy Markets - Transportation Sector
Advanced Vehicles and Fuels
Mass Transit and High-Speed Rail
ARRA Impact: Clean Energy Markets-Buildings Sector
Report Format
Report Methodology
Chapter 2: ARRA in the Power Sector
ARRA Grid Modernization Investments
Table 2-1: ARRA Clean Energy Programs, Grid Modernization (in $ B)
Smart Grid Investment Grant Program
Table 2-2: ARRA Grid Modernization Programs, Smart Grid Investment Grant Program (in $ million)
Increased Borrowing Authority-Bonneville and Western Area Power Administrations
Smart Grid and Energy Storage Demonstration Program
Table 2-3: ARRA Grid Modernization Programs, Smart Grid and Energy Storage Demonstration Program (in $ million)
Smart Grid Demonstration Programs
Energy Storage Demonstration Programs
Interconnection Transmission Planning & Analysis
Table 2-4: ARRA Grid Modernization Programs, Interconnection Planning & Analysis Program (in $ million)
Enhancing State and Local Government Energy Assurance
State Electricity Regulators Assistance Initiative
Interoperability Standards and Framework
Markets Impacted by ARRA Grid Modernization Investments
Market for Smart Grid Technologies and Components
Technologies
Market Size
Figure 2-1: Smart Grid Market Size, 2009, 2015 (in $ B)
Market for Utility Scale Energy Storage
Technologies
Market Size
Figure 2-2: Global Energy Storage Market for Utility Applications by Technology, 2009, 2015 (in $M)
Figure 2-3: Global and US Value of Energy Storage Market for Utility Applications, 2009, 2015 (in $ B)
ARRA Renewable Generation Investments
Table 2-5: ARRA Clean Energy Programs, Renewable Generation (in $ B)
Innovative Technology Loan Guarantee Program
Geothermal Technologies Program
Table 2-6: ARRA Renewable Generation Programs, Geothermal Technologies Program (in $ million)
Solar Technologies Program
Table 2-7: ARRA Renewable Generation Programs, Solar Technologies Program (in $ million)
Wind Energy Program
Table 2-8: ARRA Renewable Generation Programs, Wind Energy Program (in $ million)
Table 2-9: ARRA Renewable Generation Programs, Facility Improvements at NREL Program (in $ million)
Federal Renewable Energy Zones
Massachusetts Wind Technology Center
Modernizing US Hydropower Infrastructure
Table 2-10: ARRA Renewable Generation Programs, Modernizing US Hydropower Infrastructure Program (in $ million)
Community Renewable Energy Deployment
Table 2-11: ARRA Renewable Generation Programs, Community Renewable Energy Deployment Program (in $ million)
Markets Impacted by ARRA Renewable Generation Investments
Market for Geothermal Power
Technologies
Market Size
Figure 2-4: Global & US Value of Geothermal Power Generated, 2009, 2015 (in $ M)
Market for Solar Power
Technologies
Market Size
Figure 2-5: Global Solar Market, 2009, 2015 (in $ B)
Figure 2-6: US Solar Market, 2009, 2015 (in $ B)
Market for Wind Power
Technologies
Market Size
Table 2-12: Global Wind Capacity, 2009-2015 (in GW)
Table 2-13: Global Wind Capacity, 2009-2015 (in GW)
Figure 2-7: US Market Value Wind Energy Manufacturing, 2009, 2015 (in $ B)
Market for Hydropower
Conventional Hydropower Technologies
Figure 2-8: Global Conventional Hydropower Capacity, 2009, 2015 (in GW)
Ocean Hydropower Technologies
Figure 2-9: Global Ocean Hydropower Capacity, 2009, 2015 (in GW)
Market Size
Figure 2-10: Global & US Value of Hydro Systems, 2009, 2015 (in $ B)
ARRA Clean Coal and CCS Investments
Table 2-14: ARRA Clean Energy Programs, Carbon Capture & Sequestration (in $ B)
Industrial Carbon Capture and Storage Applications
Table 2-15: ARRA Carbon Capture and Sequestration Programs, Industrial Carbon Capture and Storage Applications Project Awards (in $ million)
Fossil Energy Research and Development Programs
Clean Coal Power Initiative Round III
Table 2-16: ARRA Carbon Capture & Sequestration Programs, Clean Coal Power Initiative Round III (in $ million)
Table 2-17: ARRA Carbon Capture & Sequestration Programs, Geologic Sequestration Site Characterization (in $ million)
Markets Impacted by ARRA Clean Coal and CCS Investments
Technologies
Figure 2-11: Global Electricity Generation by Clean Coal Technology, 2009, 2015 (in terawatt hours)
Figure 2-12: Pathway to Zero Emissions Coal Combustion
Figure 2-13: Carbon Capture Options in Development
Figure 2-14: Carbon Sequestration Options
Market Size
Figure 2-15: Global CCT Electricity Value, 2009, 2015 (in $B)
Chapter 3: ARRA in the Transportation Sector
Table 3-1: ARRA Clean Energy Programs, Transportation (in $ B)
ARRA Advanced Vehicles and Fuels Investments
Advanced Battery Manufacturing Grants
Transportation Electrification Program
Energy Efficient Federal Motor Vehicle Fleet Procurement Program
Alternative-Fueled Vehicles Pilot Grant Program
Vehicle Technologies Program
Biomass Program
Table 3-2: ARRA Transportation Programs, Biomass Program (in $ million)
Innovative Technology Loan Guarantee Program
Markets Impacted by ARRA Investment in Advanced Vehicles and Fuels
Market for Advanced Electric Vehicles
Technologies
Market Size
Figure 3-1: Global Sales of Advanced Electric Vehicles by Type, 2009, 2015 (in # of vehicles)
Figure 3-2: Global Advanced EV Components and Infrastructure Market Size, 2009 & 2015 (in $ B)
Market for Advanced Fuels
Figure 3-3: Global and US Bio-electricity Generation, 2009, 2015 (in GWh)
Technologies
Figure 3-4: Global and US Bio Ethanol Capacity, 2009, 2015 (in gallons M)
Figure 3-5: Global and US Bio Diesel Capacity, 2009, 2015 (in gallons M)
Market Size
Figure 3-6: Global Market Value of Bioenergy and Biofuel Manufacturing, 2009, 2015 (in $ B)
ARRA Mass Transit Investments
Transit Capital Assistance
Table 3-3: ARRA Transportation Programs, Transit Capital Assistance Program (in $ million)
National Railroad Passenger Corporation (Amtrak)
New and Small Starts Program
Fixed Guideway Infrastructure Investment
High Speed Intercity Passenger Rail Program
Markets Impacted by ARRA Mass Transit Investments
Market for Mass Transit
Conventional Mass Transit Technologies
Figure 3-7: Transit Passenger Miles by Type of Transportation Service, 2009
High Speed Rail (HSR) Technologies
Market Size
Figure 3-8: US Conventional Mass Transit Market, 2009, 2015 (in $B)
Table 3-4: Average Annual Market Value of HSR Manufacturing by Type of HSR System and Component, 2010-2015 (in $M)
Figure 3-9: Market Value of HSR Manufacturing, 2009 & 2015 (in $B)
Chapter 4: ARRA in the Buildings Sector
ARRA Residential and Commercial Buildings Energy Efficiency Investments
Table 4-1: ARRA Clean Energy Programs, Residential and Commercial Buildings (in $ B)
Weatherization Assistance Program
Federal Buildings Fund
Table 4-2: ARRA Energy Efficiency Programs, Federal Buildings Fund Programs (in $ million)
State Energy Program
Public Housing Capital Fund
Energy Efficiency and Conservation Block Grant Program
Retrofit Ramp-Ups in Energy Efficiency
Veterans Health Administration Medical Facilities Non-Recurring Maintenance and Energy Projects
Energy Efficient Building Technologies Initiative
Table 4-3: ARRA Energy Efficiency Programs, Energy Efficient Building Technologies Initiative (in $ million)
Energy Efficient Appliance Rebates/ENERGY STAR Program
Green Retrofit Program for Multifamily Housing
Energy Conservation Investment Program
Net Zero Energy Residential Test Facility
Markets Impacted by ARRA Residential and Commercial Buildings Energy Efficiency Investments
Market for Energy Efficient Building Technologies
Residential Energy Efficiency Technologies
Figure 4-1: Breakdown of Residential Energy Usage, US
Commercial Energy Efficiency Technologies
Market Size
Figure 4-2: Global and US Green-Building Renovations Market, 2009, 2015 (in $ B)
Figure 4-3: Residential Energy Efficiency Renovations Market, 2009, 2015 (in $B)
Figure 4-4: Global ICT-Enabled Energy and Emissions Reductions, Buildings, 2009-2015 (in B kWh and M tonnes CO2e; relative to 2005 benchmark)
Chapter 5: ARRA Cross-Sector Energy Appropriations
ARRA Energy Research & Job Training Investments
Table 5-1: ARRA Clean Energy Programs, Energy Research & Job Training (in $ B)
Competitive Grants for Worker Training and Placement in High Growth and Emerging Industry Sectors
Advanced Research (ARPA-E)
Table 5-2: ARRA Energy Research and Job Training, ARPA-E Programs (in $ million)
National Laboratory Facilities
Table 5-3: ARRA Energy Research & Job Training, National Laboratory Facilities (in $ million)
Workforce Development
Table 5-4: ARRA Energy Research & Job Training Programs, Workforce Development Program (in $ million)
Geologic Sequestration Training and Development
Small Business Clean Energy Innovation Projects
Table 5-5: ARRA Energy Efficiency Programs, Small Business Clean Energy Innovation Projects (in $ million)
ARRA Clean Energy Tax Provisions
Clean Energy Manufacturing Tax Credits
New Clean Renewable Energy Bonds
Qualified Energy Conservation Bonds
Extension of Renewable Energy Production Tax Credit
Election of Investment Credit in Lieu of Production Credit
Repeal of Certain Limits on Business Credits for Renewable Energy Property
Energy Cash Assistance Grants
Plug-in Electric Drive Vehicle Credit
Plug-In Electric Drive Conversion Kits
Plug-In Electric Vehicle Credit
Temporary Increase in Credit for Alternative Fuel Vehicle Refueling Property
Residential Energy Efficient Property Credit
Residential Alternative Energy Property Credit
Chapter 6: Recipient Profiles
Table 6-1: Recipient Companies Profiled ($M)
A123 Systems
Table 6-2: A123 Systems Profile
Table 6-3: A123 Systems, ARRA Clean Energy Awards ($ M)
Abound Solar
Table 6-4: Abound Solar Profile
Table 6-5: Abound Solar, ARRA Clean Energy Awards ($ M)
Air Products and Chemicals
Table 6-6: Air Products and Chemicals Profile
Table 6-7: Air Products and Chemicals, ARRA Clean Energy Awards ($ M)
AltaRock Energy
Table 6-8: AltaRock Energy Profile
Table 6-9: AltaRock Energy, ARRA Clean Energy Awards ($ M)
American Electric Power
Table 6-10: American Electric Power Profile
Table 6-11: American Electric Power, ARRA Clean Energy Awards ($ M)
Archer Daniels Midland
Table 6-12: Archer Daniels Midland Profile
Table 6-13: Archer Daniels Midland, ARRA Clean Energy Awards ($ M)
Beacon Power Corporation
Table 6-14: Beacon Power Corporation Profile
Table 6-15: Beacon Power Corporation, ARRA Clean Energy Awards ($ M)
BlueFire Renewables, Incorporated
Table 6-16: BlueFire Renewables, Incorporated Profile
Table 6-17: BlueFire Renewables, Incorporated, ARRA Clean Energy Awards ($ M)
BrightSource Energy
Table 6-18: BrightSource Energy Profile
Table 6-19: BrightSource Energy, ARRA Clean Energy Awards ($ M)
Cannon Power Group
Table 6-20: Cannon Power Group Profile
Table 6-21: Cannon Power Group, ARRA Clean Energy Awards ($ M)
CenterPoint Energy
Table 6-22: CenterPoint Energy Profile
Table 6-23: CenterPoint Energy, ARRA Clean Energy Awards ($ M)
Delphi
Table 6-24: Delphi Profile
Table 6-25: Delphi, ARRA Clean Energy Awards ($ M)
Duke Energy
Table 6-26: Duke Energy Profile
Table 6-27: Duke Energy, ARRA Clean Energy Awards ($ M)
First Wind Holdings, LLC
Table 6-28: First Wind Holdings, LLC Profile
Table 6-29: First Wind Holdings, LLC, ARRA Clean Energy Awards ($ M)
Florida Power & Light Company
Table 6-30: Florida Power & Light Company Profile
Table 6-31: Florida Power & Light Company, ARRA Clean Energy Awards ($ M)
General Motors Company
Table 6-32: General Motors Company Profile
Table 6-33: General Motors Company, Incorporated, Selected ARRA Clean Energy Awards ($ M)
Johnson Controls, Incorporated
Table 6-34: Johnson Controls, Incorporated Profile
Table 6-35: Johnson Controls, Incorporated, ARRA Clean Energy Awards ($ M)
Nevada Geothermal Power, Incorporated
Table 6-36: Nevada Geothermal Power, Incorporated Profile
Table 6-37: Nevada Geothermal Power, Incorporated, ARRA Clean Energy Awards ($ M)
Solyndra, Incorporated
Table 6-38: Solyndra, Incorporated Profile
Table 6-39: Solyndra, Incorporated ARRA Clean Energy Awards ($ M)
Summit Power Group, Incorporated
Table 6-40: Summit Power Group, Incorporated Profile
Table 6-41: Summit Power Group, Incorporated ARRA Clean Energy Awards ($ M)
Chapter 7: Comparative Analysis
Overview of ARRA Investment
Table 7-1: ARRA Clean Energy Provisions by Category (in $ B)
Power Sector
ARRA Grid Modernization Investments
Table 7-2: ARRA Clean Energy Programs, Grid Modernization (in $ B)
ARRA Renewable Generation Investments
Table 7-3: ARRA Clean Energy Programs, Renewable Generation (in $ B)
ARRA Funding for the Geothermal Technologies Program
Table 7-4: ARRA Renewable Generation Programs, Geothermal Technologies Program (in $ million)
ARRA Investments in DOE’s Solar Technologies Program
Table 7-5: ARRA Renewable Generation Programs, Solar Technologies Program (in $ million)
ARRA Investments in Wind Energy Program
Table 7-6: ARRA Renewable Generation Programs, Wind Energy Program (in $ million)
Modernizing US Hydropower Infrastructure through ARRA Funding
Table 7-7: ARRA Renewable Generation Programs, Modernizing US Hydropower Infrastructure Program (in $ million)
ARRA Clean Coal and CCS Investments
Table 7-8: ARRA Clean Energy Programs, Carbon Capture &
Sequestration (in $ B)
Transportation Sector
ARRA and the Transportation Sector
Table 7-9: ARRA Clean Energy Programs, Transportation (in $ B)
Buildings Sector
ARRA Residential and Commercial Buildings Energy Efficiency Investments
Table 7-10: ARRA Clean Energy Programs, Residential and Commercial Buildings (in $ B)
Energy Efficient Building Technologies Initiative
Table 7-11: ARRA Energy Efficiency Programs, Energy Efficient Building Technologies Initiative (in $ million)
Conclusion

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