New Forecasts Show Electric Vehicle Charging Industry To Top $3 Billion By 2017

Posted on September 23rd, 2010 by
   

The world’s largest office products business adds solar to a Maryland based distribution center, how quickly will the electric vehicle charging industry grow, and two companies team up to bring a waste-to-energy technology to China.

The world’s largest office products business and a worldwide solar panel maker and installer have teamed up to bring a new solar project to Maryland. Staples and SunEdison have completed a 1.5 megawatt (MW) solar power installation on Staples’s distribution center in the city of Hagerstown, Maryland. The solar panel system was designed with more than 11,000 solar panels installed on the roof of the facility. The project will generate an estimated 2 million kilowatt hours (kWh) of energy and offset more than 3.7 million pounds of carbon dioxide (CO2) each year. The Hagerstown facility is the 100th Staples facility to receive the ENERGY STAR Award for building energy efficiency. The company is currently participating in the ENERGY STAR Challenge to cut the company’s energy use by an additional 10 percent through energy efficient improvements.

New projections released by Verify Markets shows that the North American electric vehicle charging industry is going to eclipse $3 billion by 2017. The estimates explain that an increasing demand for Electric Vehicles is directly related to the increase in charging equipment needed for the next generation technology. Other factors include an electric vehicle’s low operation and maintenance costs and increased efficiency in charging technology over time.

D4 Energy Group, a leading waste-to-energy solutions company, has teamed up with Global Partners United LTD (GPU) to introduce certain waste-to-energy technologies to China. D4 Energy has a patented  process that breaks and converts down carbon-based materials like tires, biomass and solid waste into energy by using very high temperatures to break down the waste down to its molecular level. This devolatization system is emission free and is self-sustaining.

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