The emergence of the wind industry in America is one of the most interesting alternative energy developments of the past several years. With political and public support increasing for new energy initiatives, wind energy now provides 42% of all new generating capacity in the U.S… and continues to grow. Considering that wind energy still only accounts for less than 1% of total energy production in the U.S., TriComB2B believes there is a promising economic future for those companies making up the industry’s supply chain.
Why We Are Watching?
After attending the American Wind Energy Association conference in May 2009, TriComB2B feels that opportunities in this emerging industry can mitigate the economic sting from the loss of automotive and industrial manufacturing jobs. Growth projections are rising as Americans seek new, clean forms of energy to offset the environmental impact and dependence of fossil fuels and increase the long-term stability of electricity. American and European manufacturers recognize wind as an opportunity for growth and will continue to invest more resources in the U.S. wind industry.
Our Perspective?
The wind industry is benefiting from the recent shock of high oil prices and the adoption of favorable U.S. policies. States are promoting their manufacturing capabilities to entice big, international wind turbine players. In order for positive trends to continue, wind manufacturers must address supply chain concerns, transportation issues and challenges related to the location of wind farms. Fortunately, challenges are not roadblocks, and TriComB2B expects to see continued growth and opportunity for wind-related manufacturing.
Wind Industry: TriComB2B's Blog Entries and Useful Links
In addition to our own involvement in the wind industry, TriComB2B relies on a host of online communities that monitor and discuss developing trends, news and important notices.