Renewable Energy Holds Long-Term Potential for Corporate Investors

15 Aug

Some of the world’s largest corporations are looking for long-term profitability in the renewable energy sector, making notable investments and acquisitions in the space.

Chemical giant DuPont is one example. In 2010, DuPont generated over $1 billion in revenue through chemical-based product sales to the solar industry. In July, DuPont acquired California-based start-up Innovalight, which specializes in manufacturing silicon inks to improve solar cell efficiency.

Last month, General Electric acquired Israel-based Lightech, which develops technologies to improve the efficiency and quality of LED lighting, while shale-gas developer Chesapeake Energy completed a major investment in Colorado’s Sundrop Fuels. Sundrop can produce biofuels by vaporizing wood with concentrated sunlight.

A few months earlier, ABB, the world’s biggest power equipment supplier for the grid, acquired concentrated solar power provider Novatec Solar. ABB completed similar acquisitions in 2009 and 2010. Other renewable acquisitions have been made by conglomerates such as Siemens, Areva and Alstom.

Clearly, decision makers at many of these global corporations have identified emerging clean energy technologies as profit opportunities for the future. Through strategic acquisitions, these companies are positioning themselves at the forefront of what we call the “New Energy Revolution” and stand to profit from the rising global demand for low-carbon energy.


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