2007 Alternative Energy Investments
2007 is likely to become a boom year for alternative energy. The rising popularity of alternative energy technologies will attract venture capital funding, legislative incentives and support, and growing investment from the small business sector. A recent survey conducted by the National Venture Capital Association is predicting an overall increase in alternative energy companies and the internet and media sector. Congress is also expected to put high priority attention on the development of renewable energy sources in 2007.
John Engler, President of the National Association of Manufacturers, is confident about the increased focus on alternative energy manufacturing. He states that “Manufacturing is highly dependent on energy, especially natural gas” and that “We all have to work together to develop a more sophisticated, comprehensive energy policy that invests more resources toward the aging infrastructure … and strengthens our research and development into renewable fuels.”
China’s growing energy concerns and the recent boom of Chinese alternative energy companies will push the United States to act upon its competitive instincts in order to maintain its place in the world energy marketplace. China is currently making long-term deals around the world to secure energy to fuel its growth. The US government is also worried about the slowing pace it’s economic development in comparison to China. These concerns will cause the US to react with more policy changes, incentives and research into clean energy technology over the coming year.
Business owners are increasingly investing in renewable energy technologies in order to supplement the rising costs of fuel and electricity. A recent survey conducted by the Small Business Research Board found that health concerns are now overshadowed by worries about the impact of energy and fuel costs. Large corporations have also begun to take interest in renewables due to higher energy costs which are threatening corporate growth.
Oil prices are predicted to rise in 2007 due to worldwide demand and supply shortages, further fueling the need for alternative energy research. While oil producing nations are likely to supplement the cost of fuel in order to save their industry, interest in new technologies will continue to grow. Smart investors are set to make tidy profits by investing in alternative energy companies early.