Full Study Available Through Arkansas Advanced Energy Foundation
Advanced Energy Represents $1 Trillion Global Market, New Study Shows U.S. Advanced Energy Market was $132 Billion in 2011, with 19% Year-Over-Year Growth Estimated for 2012
Shelly Baron (501) 537-0190 or firstname.lastname@example.org
Steve Patterson (501) 537-0190 or email@example.com
Little Rock, Ark. – A new report released last week by Advanced Energy Economy (AEE) shows that advanced energy was a $1.1 trillion global market in 2011, larger than pharmaceutical manufacturing worldwide. The first-ever analysis of the advanced energy sector also shows that the market in the U.S. represents a significant part of the nation’s economy, with $132 billion in revenue in 2011, and a 19 percent growth rate estimated for 2012, with U.S. revenue rising to $157 billion.
Including direct, indirect, and induced economic activity associated only with the domestic market, advanced energy added an estimated $145 billion to U.S. Gross Domestic Product in 2011, and generated more than $20 billion in federal, state, and local taxes. The global study follows a similar report released by the
Arkansas Advanced Energy Association in October 2012, focusing on Arkansas only. The Arkansas study found more than 90 advanced energy companies employing about 11,300 Arkansans. This full report showing that the Advanced Energy sector continues to make a large impact on the Arkansas Economy can be found at www.arkansasadvancedenergyfoundation.org/jobsreport.
The findings released by AEE and the complete report are available through the Arkansas Advanced Energy Foundation (AAEF) resource page on its website www.arkansasadvancedenergyfoundation.org. AAEF is the educational affiliate of the Arkansas Advanced Energy Association (AAEA).
The Foundation promotes greater public understanding of advanced energy in Arkansas through research, public education programs and economic and workforce development. The Foundation is dedicated to informing the energy policy debate with well-researched, fact-based data on the advanced energy economy in Arkansas and by providing a public forum where state leaders can address Arkansas’s energy challenges for the future.
For more information visit AAEF’s resources page: