Energy Efficiency Sector Reports Significant Growth

Posted by Shana Fong on August 2, 2011

Source: Efficiency First

Recent quarterly reports provide promising news for the clean efficiency industry. Many major providers of renewable energy services, including Johnson Controls and Ameresco, have reported significant increases in net sales and revenue. Other energy efficiency businesses have also experienced tremendous growth and the expansion of production in recent years.

Several factors have enabled the increased market activity of energy efficiency companies. High energy prices have prompted companies to search for most cost-effective ways to generate energy. Additionally, federal incentive programs encourage sustainable renovation of industries and the implementation of energy efficient practices.

Consumer demand for sustainability and a growing understanding of the benefits of energy efficiency have also influenced both corporate decision-making and public policy initiatives. In regards to the real estate market, homeowners, companies and policy makers are recognizing the increased value that green upgrades add to homes. Finally, increased demand for sustainable programs for municipalities, schools, universities and hospitals has also contributed to the rapid growth of the industry.

All of these factors have compounded to make the energy efficiency industry a stronger sector in the national economy. The performance of the energy efficiency market in recent quarters is a hopeful sign for members of the market and for those who advocate sustainability and efficient energy consumption.

For more information on Johnson Controls’s quarterly reports click here.

For Ameresco’s quarterly reports click here.