Magazine article USA TODAY

Economic Impact of Energy Technologies

Magazine article USA TODAY

Economic Impact of Energy Technologies

Article excerpt

With the one constant in the energy industry being change, innovation continues at a rapid pace with ever-evolving technology and environmental health becoming more of a priority, maintains Ted Annis, manager and cofounder of Transducing Energy Devices, LLC, Ann Arbor, Mich., a company in the developmental phase of producing a fuelless electricity generating device that could take care of a variety of energy needs.

Growing numbers of consumers and companies are considering the benefits of alternative, sustainable resources that are environmentally friendly. A Pew Research Center survey found that 65% of Americans give priority to developing alternative energy sources, compared with 27% who would emphasize expanded production of fossil fuel sources.

"Ws becoming a new world with a lot of exciting, cutting-edge developments in energy that could benefit consumers and companies down the road," says Annis. "In the energy sector, there's a shake-up going on necessitated by changing demands, the infrastructure, and the hard realities of the climate and economy. Many different innovations are supposed to be disruptive, but in a good way."

Annis lists five energy technologies that should have an economic impact:

Wind. A renewable energy source with zero emissions, this is projected to be the single fastest-growing energy source over the next 20 years. 'Wind energy has become a mainstream, reliable power technology in recent years. Technology improvements have continuously reduced energy costs."

E-fuels. Electrofuels is an umbrella term for liquid or gaseous fuels that are produced using electricity. …

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