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California Leads the Nation in Clean Technology
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July 16, 2014

California Leads the Nation in Clean Technology

By Madhubanti Rudra
TMCnet Contributor

Clean-tech is a new, emerging technology that provides the foundation for the development of sustainable solutions offering competitive returns for investors as well as customers while helping address global environmental challenges.

Clean Edge is a research firm that offers valuable clean-tech industry resources for the investors looking for the market opportunities in this emerging sector as well as for the non-investors concerned about the environmental future of our aging planet.  The latest edition of Clean Edge’s annual “U.S. Clean Tech Leadership Index” offers valuable insight into the clean-tech activities of all 50 states and the 50 largest metro areas in the United States.

The 49-page research report that covers areas ranging from EV and renewables adoption to patent and investment activity is supported by tables and charts and currently available for download.

The report which contains point-based state-and metro-level indices shows that clean energy is slowly becoming the part of mainstream lifestyle in the U.S. The numbers of solar installations are soaring up, more and more people are opting for all-electric vehicles, states are coming up with new, innovative energy-friendly polices, more Net-zero buildings are coming up. The research found that solar installations climbed more than 40 percent year-over-year in the U.S. and registrations of all-electric vehicles doubled between the 2013 and 2014 to approximately 200,000 nationwide.

So far as electricity generation from non-hydro renewable energy sources is concerned, two states—Iowa and South Dakota—excelled. The report said that 11 U.S. states currently generate more than 10 percent of their electricity from non-hydro renewable energy, while Iowa and South Dakota’s contribution in this respect exceeds 25 percent.

California led all states in the overall ranking followed by Massachusetts, Oregon, Colorado, New York, New Mexico, Washington, Illinois, Vermont and Connecticut. The ranking is based on a number of technology, policy and capital indicators. This is the fifth year in a row that California grabbed the No. 1 position in Clean Edge’s Clean Tech Leadership Index.

“Climate disruption and the growing availability of market-competitive clean-energy technologies are driving many states and cities to tackle climate issues head-on. More than ever, this year's Leadership Index highlights how some top regions are taking climate action seriously, with double-digit clean-energy adoption rates, new policies like California's energy-storage mandate, and the deployment of clean-energy investment vehicles such as New York's green bank,” Clean Edge founder and managing director Ron Pernick commented in a statement.

Edited by Maurice Nagle

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