Market Value of Biomass Electricity to Reach $53B by 2020

SustainableBusiness.com News
07/27/2010 12:15 PM

The market value of electricity generated from biomass in the United States will increase steadily to $53 billion by 2020, up from approximately $45 billion in 2010, according to a new report.

Biomass, already a large percentage of total renewable energy sources, is poised for continued growth in the years to come within three key sectors: biopower, biofuels, and bioproducts. Significant investments continue to be made in biomass research and development, and the pace of commercializing new technologies will increase during the next decade, according to analysts at Pike Research.

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