Background
What is Clean Technology?
As defined by BusinessDictionary.com, clean technology (also known as “clean tech”) is “economically competitive and productive technology that uses less material and/or energy, generates less waste, and causes less environmental damage than the alternatives.”
Clean technology should not be confused with “end-of-pipe” technology - like smokestack scrubbers. Instead, clean technology comes into play near the beginning of a business practice, and therefore has more of an opportunity to create greater financial returns.
Clean technology industry segments include:
- Energy Generation: wind, solar, hydro/marine, biofuels, geothermal, other;
- Energy Storage: fuel cells, advanced batteries, hybrid systems;
- Energy Infrastructure: management, transmission;
- Energy Efficiency: lighting, buildings, glass, other;
- Transportation: vehicles, logistics, structures, fuels;
- Water & Wastewater: water treatment, water conservation, wastewater treatment;
- Air & Environment: cleanup/safety, emissions control, monitoring/compliance, trading & offsets;
- Materials: nano, bio, chemical, other;
- Manufacturing/Industrial: advanced packaging, monitoring & control, smart production;
- Agriculture: natural pesticides, land management, aquaculture; and
- Recycling & Waste: recycling, waste treatment.
Why Pennsylvania?
Pennsylvania is uniquely positioned as a place for small businesses and entrepreneurs to capitalize on clean technology opportunities:
- Electricity costs are expected to rise up to 70 percent – making renewable energy and energy-saving technologies extremely attractive options.
- Pennsylvania has an abundance of renewable resources, especially in the areas of biomass, wind and solar, and has been a national leader in deploying renewable energy and energy efficient technologies.
- Pennsylvania’s Energy Independence Strategy, proposed by Governor Rendell in 2007, provides a $650 million investment in alternative and renewable energy technologies and sets the stage for additional private investment through venture capital firms and other investors.
The Clean Technology Resource Center provides a dedicated and focused resources to help Pennsylvania transition from non-renewable natural resources to clean technologies. These efforts will have a significant impact on reducing greenhouse gas emissions and position Pennsylvania as a 21st Century global powerhouse.
Impact
Specific sectors in Pennsylvania stand to benefit substantially from increased support and development of clean technology. For instance, there is a great potential for manufacturers in the wood and manufactured housing sectors—two large industry sectors in Pennsylvania—to turn biomass-rich waste materials from an expense to a revenue generator. The agricultural sector will have additional uses for its residues, including manures and spent-mushroom soil, providing new opportunities to make the 55,000 farms in Pennsylvania more profitable.