Ohio Has a Strong and Diverse Energy Efficiency Value Chain: Advanced Energy Economy Ohio Institute Reports
New report highlights 400 businesses and organizations employing 9,600 Ohioans, totaling $2.1 billion in annual revenue.
Columbus, Ohio (PRWEB) October 30, 2012
According to a new report, Ohio has a diverse asset inventory of companies and organizations working in the energy efficiency sector across the state's six major regions.
The report, commissioned by Advanced Energy Economy Ohio (AEE) Institute, shows that across Ohio's major regions, there are 400 unique organizations engaged in energy efficiency. The report identified 13 sector categories with 48 technology segments covering industrial process technologies, building technologies, enabling equipment and services.
The report was released today at the Advanced Energy Business-to-Business Conference & Expo®, which is being presented by AEE Ohio Institute and produced by NorTech. The event is the state's largest conference focused on companies, technologies, and researchers driving progress for advanced energy in Ohio.
The report identified the sector's business, physical, intellectual, and human capital. “Ohio has a diverse and extensive energy efficiency sector and this report will help businesses, stakeholders and community leaders in assessing how best to innovate and grow this vibrant industry,” stated Michelle Murcia, President & Interim Executive Director for AEE Ohio Institute.
To create this statewide inventory, AEE Ohio Institute formed a roadmapping team of over 50 industry leaders to help provide insight into Ohio's current assets and capabilities as well as the sector's potential. AEE Ohio Institute partnered with EWI and utilized the InSeven® by NorTech roadmapping process, which is a proven, consensus-driven methodology for developing industry-driven roadmaps that will enable a region to capture significant economic growth within seven years. NorTech licensed the InSeven roadmap process to Bush Consulting Group, who conducted the statewide energy efficiency asset inventory. “This information will help us determine what sectors of the energy efficiency market Ohio and Northeast Ohio should focus in order to maximize Ohio's and our region's market share in this globally competitive economy,” said Rebecca Bagley, president and CEO or NorTech.
“We know energy is directly linked to Ohio's economy and that energy efficiency plays a critical role in reducing the cost of business for Ohio companies,” stated Michelle Murcia. “Now, from this report, we also know the efficiency industry is a significant driver of Ohio's economy.”
The statewide total of 9,600 workers and $2.1 billion in annual revenue is distributed across Ohio's six regions as follows:
- Central Ohio: 92 unique organizations, 1,850 workers, and $380 million in revenue. The region is an innovative R&D and engineering hub, with concentration in data center technologies, insulation, and cool roof products.
- Northeast Ohio: 220 unique organizations, 4,030 workers, and $1.04 billion in revenues. The region has diverse assets in lighting, insulation, and windows.
Advanced Energy Economy Ohio Institute is a not-for-profit educational organization that promotes greater public understanding of advanced energy and its economic potential for Ohio. AEE Ohio Institute is the 501c3 partner of Advanced Energy Economy Ohio.
NorTech is an economic development firm focused on accelerating the growth of regional innovation clusters in Northeast Ohio.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb10070414.htmView Comments and Join the Discussion!