Sunday, October 4, 2009

The New Energy Economy... Time to recruit!

There is an emerging need to recruit in what is called the "New Energy Economy"!

Let me explain... Analysts at the research group (New Energy) track worldwide investments into clean energy. On Friday, those analysts said that this year, $13.3 billion was invested in the first quarter, $28.6 billion in the second quarter, and thanks to "green" stimulus dollars pledged by major economies, investments in the third quarter reached $25.9 billion. They also revised their full year forecast to $115 billion from $95 billion. If the forecast holds, the 2009 investment levels would still fall short of 2007 and 2008 totals but the outlook for 2010 is positive. According to New Energy, pledges for worldwide Government stimulus spending equals about $163 billion on programs to promote renewable energy.

The New Energy Economy is the result of a global resolve to improve utility systems that deliver energy. US renewable-energy construction projects in Nevada are creating a demand for workers trained in emerging electrical systems. A $14.6 million smart Grid water power project funded by the DOE was just awarded in Palo Alto, CA. A portion of this funding is for developing a GIS-based dataset and software tools. Wide varieties of projects from coast to coast are starting to receive funding and will fuel the job growth for The New Energy Economy.

Vishal Shah of Barclays Capital in New York City published a Solar Energy Handbook in May and noted that solar’s dominant technology – crystalline – has realized a significant price drop that makes solar more competitive with fossil fuels. As the credit market starts to ease, Shah believes that starting in 2010, the volume of solar panels being shipped will triple during the next four years. This change in the market will trigger demands for workers and management.

Kevin Doyle, principal of Green Economy and co-chairman of the New England Clean Energy Council, said at a Mass Green Conference last week that for every $1 million invested in energy efficiency, almost 36 jobs are created. And while Alan Greenspan said today that the latest job report showing the nation’s unemployment at 9.8 percent was “pretty awful” and that he expected the figure to climb even higher, it doesn’t mean that some sectors will recover faster than others. Are you prepared to staff in the New Energy Economy?

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