Industry Analysis & Industry Trends
The Biomass Power industry has grown at a healthy rate in the five years to 2013. The federal government has propelled this growth with the implementation of tax credits through several pieces of legislation, including the American Recovery and Reinvestment Act of 2009, that encourage the expansion of biomass power facilities. Furthermore, the majority of states have enacted renewable portfolio standards (RPSs), which require local utilities to generate electricity from renewable power as a percentage of their total energy portfolio. Increased campaigning for green technology also has influenced industry performance by sparking interest in technologies that replace pollutant-generating energy sources, such as coal and gas.... purchase to read more
Industry Report - Industry Products Chapter
The Biomass Power industry essentially provides one product, which is electricity. However, that energy can be derived from different products in different ways. There are three main sources of biomass fuel to create energy, according to the Energy Information Administration; wood and wood waste (used in 46.2% of biomass fuel production), biofuels (43.2%) and other (10.6%). Biofuels include alcohols and biodiesel, a fuel often made from grains and animal fats. The other segment includes fruit pits, manure, corn cobs and sugar... purchase to read more