Smart energy is “the range of efficient technological options available to providing electricity in a distributed fashion, either for local use or for grid support.” It is the increasing shift to a modular and distributed systems-based approach to energy. Until recently, the focus has solely been on renewable energy, but with the emergence into the commercial marketplace of energy storage systems and advanced, efficient, conversion devices such as fuel cells, it is increasingly a systems-based network that is posting significant year-on-year growth. Pike Research’s analysis indicates that the size of the smart energy market is now growing at such a pace that it represents, in 2011, over 10% of the global annual additional capacity forecast by the International Energy Agency.

A number of convergent market drivers are leading to expanded availability and increasing revenue opportunities across the smart energy continuum. Such drivers include the rising costs of maintaining the current energy system as well as regulatory and policy initiatives in many countries around the world. In the policy arena, the European Union is leading the way, but a number of other countries, including Australia and South Africa, are positioning themselves as early adopters of smart energy technologies.

This Pike Research report provides a comprehensive view of the smart energy market across three main application sectors – renewable energy production, energy storage, and energy conversion devices – along with 15 key subsectors. The study examines key market trends and issues in smart energy hotspots around the world and includes profiles of more than 30 trendsetting companies in the smart energy space. Revenue and capacity snapshots are provided by technology and region for 2011 and 2013, with key topline forecasts extending through 2015.

Key Questions Addressed:

• What was the total revenue from the smart energy market in 2011?
• What will the revenue from the smart energy market be in 2013?
• What are the current annual capacity additions to the global market from renewable energy, energy storage, and advanced energy conversion devices?
• Why is the EU policy in this sector important?
• Which countries are setting the pace in key smart energy sectors?
• What are the leading companies to watch across the smart energy space?

Who needs this report?

• Smart energy technology companies
• Energy project developers and service providers
• Utilities
• Government agencies
• Industry associations
• Investor community

Table of Contents

1.     Executive Summary

1.1   Introduction

1.2   Global Overview

2.     Market Overview

2.1   Smart Energy – What Is It?

2.2   Window of Opportunity for Smart Energy

2.2.1     Availability of Technology

2.2.2     Investment Cost

2.3   Market Drivers

2.3.1     Subsidies and Incentives

2.3.2     United States

2.3.2.1     Energy Overview

2.3.2.2     Policy Overview

2.3.2.3     Incentives

2.3.2.4     State Renewable Portfolio Standards

2.3.2.5     Regulatory Outlook

2.3.2.5.1.     Biofuels – Renewable Fuel Standard (RFS)

2.3.2.5.2.     RFS2

2.3.3     European Union

2.3.3.1     Energy Overview

2.3.3.2     Policy Overview

2.3.3.3     EU Renewable Energy Directive 2020

2.3.3.4     EU Energy Roadmap 2050

2.3.4     Germany

2.3.4.1     Energy Overview

2.3.4.2     Policy Overview

2.3.4.2.1.     Renewable Energy Heat Act (EEWG)

2.3.4.2.2.     Combined Heat and Power Act (KWKG)

2.3.4.2.3.     Callux Program

2.3.4.2.4.     Relaunched MicroCHP Program

2.3.5     Japan

2.3.5.1     Energy Overview

2.3.5.2     Policy Overview

2.3.5.2.1.     Fuel Cell resCHP Systems

2.3.5.3     2011 Subsidy Programs in Japan

2.3.6     South Korea

2.3.6.1     Energy Overview

2.3.6.2     Policy Overview

2.3.7     Australia

2.3.7.1     Energy Overview

2.3.7.2     Policy Overview

2.3.7.2.1.     Australia’s Renewable Energy Target

2.3.7.2.2.     Australia’s Energy White Paper

2.3.8     South Africa

2.3.8.1     Energy Overview

2.3.8.2     Policy Overview

2.4   Summary

3.     Technology Issues

3.1   Overview

3.2   Biofuels and Biopower

3.2.1     Technology Commercialization

3.2.2     Advances in Conversion Processes

3.3   Biomass Supply Chain

3.3.1     Sourcing Biomass

3.3.2     Material Preparation

3.3.2.1     Chipping

3.3.2.2     Pelleting and Briquetting

3.3.2.3     Pyrolysis

3.3.2.4     Torrefaction

3.4   Biomass Conversion Technologies

3.4.1     Biomass Feedstock Costs

3.4.2     Power Production Costs

3.4.2.1     Combustion

3.4.2.2     Biomass Integrated Gasification Combined Cycle (BIGCC)

3.4.2.3     Landfill Gas

3.4.2.4     CHP

3.5   Stationary Fuel Cells

3.5.1     Durability

3.5.2     Standardization

3.5.3     Aligning the Product with Market Need

3.5.4     Codes and Standards

3.5.5        Lack of Market Awareness

3.5.6     Fuel Availability/Fuel Flexibility

3.6   Energy Storage for the Grid (ESG)

3.6.1     Compressed Air Energy Storage (CAES)

3.6.2     Pumped Storage

3.6.3     Sodium Sulfur (NaS)

3.6.4     Flow Batteries

3.6.5     Lithium Ion (Li-ion)

4.     Companies to Watch

4.1   Overview

4.2   Marine and Hydrokinetic

4.2.1     Aquamarine Power

4.2.2     Marine Current Turbines (MCT)

4.2.3     Ocean Power Technologies (OPT)

4.2.4     OpenHydro

4.2.5     Verdant Power

4.3   Solar

4.3.1     ACCIONA Energy

4.3.2     First Solar

4.3.3     REC Solar

4.3.4     SunPower

4.3.5     Suntech

4.4   Wind

4.4.1     Enercon

4.4.2     GE Wind Energy

4.4.3     Goldwind Science & Technology Co.

4.4.4     Sinovel Wind Group

4.4.5     Vestas

4.5   Energy Storage for the Grid

4.5.1     A123 Systems

4.5.2     AES Energy Storage

4.5.3     MWH Global

4.5.4     NGK Insulators

4.5.5     Sumitomo

4.6   Community and Residential Energy Storage

4.6.1     ABB

4.6.2     Altairnano

4.6.3     Beacon Power

4.6.4     LG Chem

4.6.5     S&C Electric

4.7   Stationary Fuel Cells

4.7.1     Altergy

4.7.2     Ballard Fuel Cell

4.7.3     ClearEdge Power

4.7.4     Dantherm Power

4.7.5     FuelCell Energy

4.8   Biofuels

4.8.1     American Renewables

4.8.2     Dalkia

4.8.3     FibroWatt

4.8.4     Vattenfall

4.9   Biopower

4.9.1     BP Biofuels

4.9.2     Joule Unlimited

4.9.3     LanzaTech

4.9.4     Solazyme

5.     Market Position, 2011 and 2013

5.1   Overview

5.2   Global Overview

5.2.1     Smart Energy Revenue Generation

5.2.2     Smart Energy Capacity Additions

5.3   Discussion by Region

5.3.1     North America

5.3.2     Latin America

5.3.3     Europe

5.3.4     Asia Pacific

5.3.5     Rest of World

5.4   Summary

6.     Company Directory
7.     Acronym and Abbreviation List
8.     Table of Contents
9.     Table of Charts and Figures
10.   Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

• Revenue from Smart Energy by Region, World Markets: 2011
• Electricity Production by Fuel Type, United States:  2008
• CAGR of Biopower Commercial-Scale Producers, United States: 2008-2010
• RFS2 Mandate, United States: 2009-2022
• Final Energy Consumption by Sector, European Union: 2010
• Gross Inland Consumption by Fuel, European Union:  2010
• Renewable Energy Penetration Share, European Union:  2009 and 2020
• Electricity Production by Fuel Type, Germany: 2008
• Electricity Production by Fuel Type, Japan: 2008
• resCHP Fuel Cell Systems Installed, Japan: 2009-2011
• Electricity Production by Fuel Type, South Korea: 2008
• Energy Consumption by Fuel Type, Australia: 2011
• Energy Consumption by Sector, Australia: 2011
• Cost Comparison of Biomass Combustion and Gasification Technologies, World Markets: 2011
• Smart Energy Revenue Share by Region, World Markets: 2011
• Smart Energy Revenue Share by Sector, World Markets: 2011
• Smart Energy Storage and Energy Sales by Sector and Region, World Markets: 2011
• Smart Energy Storage and  Energy Revenue by Region, World Markets: 2011-2015
• Smart Energy Installation Capacity Additions by Sector and Region, World Markets: 2011
• Smart Energy Installation Capacity Additions by Region, World Markets: 2011-2015
• Smart Energy Technology and Fuel Procurement Revenue, North America: 2011 and 2013
• Smart Energy Capacity Additions by Sector, North America: 2011 and 2013
• Smart Energy Technology and Fuel Procurement Revenue by Sector, Latin America: 2011 and 2013
• Smart Energy Capacity Additions by Sector, Latin America: 2011 and 2013
• Smart Energy Technology and Fuel Procurement Revenue by Sector, Europe: 2011 and 2013
• Smart Energy Capacity Additions by Sector, Europe: 2011 and 2013
• Smart Energy Technology and Fuel Procurement Revenue by Sector, Asia Pacific: 2011 and 2013
• Smart Energy Capacity Additions by Sector, Asia Pacific: 2011 and 2013
• Smart Energy Technology and Fuel Procurement Revenue by Sector, Rest of World: 2011 and 2013
• Smart Energy Capacity Additions by Sector, Rest of World: 2011 and 2013
• Areas of Smart Energy
• German Regional Generation Mix
• ENE-FARM Projected Cost-Down Curve
• Platinum Loadings in PEM Fuel Cells:  2006-2015
• Commercialization Status of Major Biomass Technologies
• Biomass Collection, Storage, and Delivery Process Options
• Energy Storage Characteristics

List of Tables

• Commercial Availability of the Smart Energy System Components, World Markets: 2009 and 2011
• Renewable Energy Policies and Incentives, World Markets: 2011
• Biomass Incentives Description and Scheduled Duration, United States: 2011
• Summary of Renewable Portfolio Standards, United States: 2011
• GHG Reductions Compared to 1990 Base Year, EU27:  2005-2050
• Nuclear Plants Taken Offline, Germany: 2011
• Original Small CHP Impulse Program by Subsidy, Germany: 2010
• New and Renewable Energy (NRE) Feed-In Tariff Scheme, South Korea: 2011
• Fuel Cell Materials and Resource Locations, World Markets: 2011
• Smart Energy Adoption by Country, World Markets: 2011
• Electricity Production by Fuel Type, United States: 2008
• Final Energy Consumption by Market Sector, European Union: 2008
• Gross Inland Consumption by Fuel Type, European Union:  2010
• Renewable Energy Penetration Share, European Union: 2007-2020
• Electricity Production by Fuel Type, Germany:  2008
• Electricity Production by Fuel Type, Japan:  2008
• resCHP Fuel Cell Systems Installed, Japan: 2009-2011
• Electricity Production by Fuel Type, South Korea:  2008
• Energy Consumption by Fuel Type, Australia: 2011
• Energy Consumption by Sector, Australia: 2011
• Moisture Content of Biomass Feedstocks, World Markets: 2011
• Power Generation from Biomass by Technology, World Markets: 2011
• Relative Costs of Fossil Fuel and Biomass Resources, World Markets: 2011
• Stack Components Cost Breakdown, World Markets: 2011
• ESG Technology Strengths and Weaknesses
• Cost Comparison of Biomass Combustion and Gasification Technologies, World Markets: 2011
• BP’s Key Biofuels Investments, World Markets: 2008-2011
• Smart Energy Revenue by Sector, World Markets: 2011
• Smart Energy Technology and Fuel Procurement Revenue, North America: 2011 and 2013
• Smart Energy Capacity Additions by Sector, North America: 2011 and 2013
• Smart Energy Technology and Fuel Procurement Revenue by Sector, Latin America: 2011 and 2013
• Smart Energy Capacity Additions by Sector, Latin America: 2011 and 2013
• Smart Energy Technology and Fuel Procurement Revenue by Sector, Europe: 2011 and 2013
• Smart Energy Capacity Additions by Sector, Europe: 2011 and 2013
• Smart Energy Technology and Fuel Procurement Revenue by Sector, Asia Pacific: 2011 and 2013
• Smart Energy Capacity Additions by Sector, Asia Pacific: 2011 and 2013
• Smart Energy Capacity Additions by Sector, Rest of World: 2011 and 2013
• Smart Energy Revenue and Installed Capacity, World Markets: 2011
• Smart Energy Storage and Energy Sales by Region, World Markets: 2011-2015
• Smart Energy Storage and Energy Sales by Sector and Region, World Markets: 2011 and 2013
• Smart Energy Installation Capacity Additions by Region, World Markets: 2011-2015
• Smart Energy Installation Capacity Additions by Sector and Region, World Markets: 2011 and 2013
• Smart Energy Technology and Fuel Procurement Revenue by Sector, Rest of World: 2011 and 2013