in News Departments > FYI
print the content item

Ninety-five percent of U.S. energy executives expect continued research and development (R&D) investment in alternative energy projects this year, according to a new survey conducted by the KPMG Global Energy Institute.

Fifty-five percent anticipate investments will remain unchanged; however, the report notes that the percentage of respondents predicting a 10% increase in R&D investment nearly tripled, from 11% in 2012 to 30% this year. Additionally, 9% expect an 11-20% increase, and 1% expect investments will jump by 20% or more.

KPMG's annual energy survey, which polled more than 100 senior executives in the U.S. representing global energy companies, also gauged which energy sources companies will target most for investment over the next three years. Although executives most frequently cited shale gas and oil (54%), solar energy and wind energy received 29% and 25% of the vote, respectively.

However, executives cited a number of significant challenges to increasing renewable generation on their systems, including the cost of competitive non-renewable energy (50%), the cost of a new system (39%) and the complexity of renewable project financing and transmission (28%).

Another main finding of the KPMG report is that 62% of respondents think the U.S. can attain energy independence by 2030 through the pursuit of domestic production and renewable energy development - up from 52% in last year's survey.

"What is exciting about these findings is that it demonstrates the industry's intent to explore all options, despite barriers regarding cost and complexities, to provide a diverse energy matrix to meet the world's future energy needs," says John Kunasek, national sector leader for energy and natural resources at KPMG LLP.


Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Navigant_id1983
Renewable NRG_id1934