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 - Starting a New Business Chapter
Potential entrants into the Biomass Power industry face relatively high barriers because they must have large amounts of capital and a certain expertise to enter the industry. The large amounts of capital are necessary for the purchase of equipment that is required to generate biomass power. However, the fuels required to generate electricity after the initial equipment purchase cost significantly less than other forms of energy.
The electricity generation industry is relatively well established. Most companies are large and have long-term contracts with upstream and downstream industries. As a result, new entrants would have a difficult time securing steady business and would likely have to provide for a small community or small business to begin operations... purchase to read more