Sectors » Energy » Renewable Fuel

Renewable fuels are becoming more and more of a necessity every year with the ever-increasing price of oil, gas and coal. And time is of the essence when considering the decline portion of Hubert’s peak theory set to begin in 2021. That means we’re left with 13 years to find a plentiful renewable energy. Alternatives such as ethanol, bio-diesel and hydrogen will become the future driving force of the business world.

The challenge of building a renewable energy infrastructure brings opportunity with it. Any company competing in the renewable energy market will see a huge increase in business when the energy market goes green. This market change means new jobs and businesses throughout the Capital Region. Farming lands will be subsidized more and more each year. Holding stations will be built for hydrogen. Conversion factories will be built for bio-diesels. And new businesses will then be built based on these new energy fields.

Bio-Fuels

When compared to fossil fuels, bio-fuels prove to be a much more readily available energy source. In addition to solar and hydrogen power, bio-fuels are the most renewable resource we have. In the U.S., ethanol is already beginning to boom. In fact, government legislation has been passed mandating that the country’s “…fuel producers are to use at least 36 billion gallons of bio-fuel in 2022” (2007 Energy Independence and Security Act 2007). But what does all that mean for business?

Simply put, an energy shift is on the way and the New York State is going to need to be ready for it. This shift opens up opportunities for subsidized crops, refining plants and conversion kits, updated heating systems and much more. A whole new market will emerge within the next ten years.