Florida’s Advanced Energy Market is $6.2B in Revenue in 2014

WASHINGTON, USA | AEE —
The advanced energy industry is a major economic force in Florida, at $6.2 billion in 2014 revenue, according to the first comprehensive analysis of the advanced energy market in the state.

Advanced energy outpaced the state’s agricultural exports, which totaled $4.2 billion in 2014.

Florida constitutes nearly 4 percent of the total U.S. advanced energy market, with building efficiency, electricity generation, and advanced transportation the largest segments of advanced energy business in Florida.

The market report, Advanced Energy in Florida, is available for download at http://info.aee.net/advanced-energy-in-florida.

Advanced Energy in Florida was produced by Navigant Research, a leading market research firm, for Advanced Energy Economy (AEE), an association of businesses focused on making the energy we use secure, clean, and affordable. Advanced energy is defined as a broad category of technologies and products, made up of the best products and services in seven major industry segments: building efficiency, electricity generation, transportation, fuel production, industry, electricity delivery and management, and fuel delivery.

This report marks AEE’s entry into Florida as an organization.

“Advanced energy companies are creating jobs and contributing to economic prosperity for the state of Florida and our nation,” said Graham Richard, CEO of AEE. “From building efficiency to solar power and electric vehicles, Florida has the potential to become a leader in advanced energy technologies and services, with significant benefits for customers and the state’s economy.”

“AEE should be commended for highlighting the current footprint of advanced energy in Florida,” said Florida State Representative Greg Steube (District 73). “We look forward to working on further initiatives which will continue to keep Florida at the forefront of innovative and advanced energy technology.”

Florida’s advanced energy market is led by the building efficiency sector. With companies like Johns Manville and Philips active in Florida, the $2.9 billion building efficiency market includes technologies such as geothermal heat pumps, commercial energy-efficient retrofits, energy efficient lighting and controls, and building energy management systems.

Electricity generation and transportation came in second and third in Florida, with revenue of $1.2 billion and $1.1 billion respectively. Natural gas has almost entirely displaced petroleum fuels, which supplied one-sixth of generation in 2002, and reduced coal’s share from one-third to 21 percent. There are a number of notable utility solar installations, as well as some large commercial installations, and solar services companies stand poised to make the most of the Sunshine State’s vast rooftop solar potential.

In transportation, Florida is already a leader, with revenue surpassing $1.1 billion in 2014 due to strong sales of electric and hybrid electric vehicles. Florida’s three U.S. Department of Energy (DOE) designated clean cities – Orlando, Miami, and Tampa metropolitan areas – have been strong drivers of advanced vehicle market adoption.

The report features profiles of advanced energy companies active in Florida, including EnerNOC, Harvest Power, Johns Manville, Landis+Gyr, and Philips Lighting.


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