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Energy Insights Predicts Climate Change Issues To Drive Increased Tech Investment In 2008

Key predictions presented and analyzed in this study include renewable energy will compete as a leading source of new electrical capacity in the U.S.
by Staff Writers
Framingham MA (SPX) Jan 10, 2008
Leading independent research and advisory firm, Energy Insights, announced the release of its annual Worldwide Energy Industry 2008 Top 10 Predictions. According to this new study, climate-focused energy policies, consumer and business concern with climate change, and increasing attention by investors in sustainability will drive energy companies to increase their investments in a range of energy and information technologies including:

- IT systems to measure and manage a company's carbon footprint

- Software applications to enable participation in carbon trading markets

- Renewable energy technologies, especially wind, but also central solar Technologies such as in-home displays that enable energy efficiency programs.

"In an environment of increasing energy demand, rising and volatile energy prices, and policymaker concern over energy independence and security, we predict that energy companies will increase their technology investments to enable initiatives from smart metering and the intelligent grid to enhanced reservoir characterization and higher fidelity seismic imaging," said Rick Nicholson, vice president of Research, Energy Insights.

Key predictions presented and analyzed in this study include:

- Intelligent grid initiatives will leverage existing investments and target specific problem areas

- Renewable energy will compete as a leading source of new electrical capacity in the U.S.

- Carbon trading markets will begin to take off in North America, eventually surpassing Europe

- High performance computing will be driven to technical limits by seismic processing demands.

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