NEW ENERGY BUILDING LOOKS BIG

Report is bullish on Midwest’s green energy manufacturers
February 8, 2010 (BizTimes)

"If the federal government implements strong energy policies that encourage alternative energy and use of cutting edge high-capacity batteries, the Midwest’s manufacturing hub stands to gain significantly, according to a report by the nonprofit Climate Group and the University of Michigan.

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"American Innovation: Manufacturing Low Carbon Technologies in the Midwest looks at the impacts on wind turbine, hybrid powertrain and advanced battery manufacturing. The study anticipates three factors – a $17 per ton price on carbon, a green economic stimulus program, and a 20 percent federal renewable electricity standard by 2020…[that] could lead to greatly increased revenues and employment in the wind turbine, advanced battery and hybrid powertrain industries between 2010 and 2015…

"…[The 3 policies could generate] $7.3 billion in revenues for wind turbine components, and about 63,000 new jobs in the manufacture of components for the industry… $1.45 billion in revenues for advanced battery manufacturing, and about 12,000 new jobs…[and] $3.8 billion for hybrid powertrain manufacturers and about 31,000 new jobs…"

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"The report looked at five states – Wisconsin, Illinois, Indiana, Michigan and Ohio. It did not examine potential costs or job cuts related to the proposed federal policies…"