Driving Innovation and Growth
- The U.S. is the #2 producer of natural gas and coal.
- The U.S. is the #3 producer of oil and gasoline.
- The U.S. also relies on a large percentage of energy imports, some from less stable global regions.
- The U.S. has been the largest consumer of energy -- being eclipsed by China.
- Increasing global energy demand as economies mature and global population increases
- Climate change concerns - possible effect to natural resources and politics in energy producing regions
Energy is at the forefront of discussions on many levels—commercial, political and consumer —and has become the issue of this era. No other industry seems to be facing such profound challenges and undergoing as many changes as the energy industry is today. Most areas of energy development are driven by the fundamental issue of energy security and sustainability of supply. The limited natural resource in fossil fuels calls into question the current energy status in the U.S., and the situation is widely recognized as unsustainable.
Economic and political risks are inherent in energy dependence on fossil fuels. Although the U.S. does generate much of our needed fuel domestically, we currently import 10 million barrels of oil and petroleum products each day—more than half our daily needs. Some nations dominating the world oil market are located in historically unstable regions of the world, creating complex relationships regarding U.S. foreign policy. Additionally, power is generated largely via natural resources, and has its own risks associated, both domestic and global. Congress is currently considering steps to develop a more secure energy future.
Recent developments in both policy and technology have made progress in identifying and implementing alternative energy solutions. Renewable energy implementation would improve the reliability and resilience of current systems. Although currently representing approximately 5% of existing supply across various sectors, renewable source availability and usage is increasing as the industry ramps up via support, demand and technological advancement.
The industries and resources of the Midwest have a history of being economic drivers for the United States. The Midwest is home to some of the best renewable energy resources in the world, including natural capacity, industrial capabilities, and a science and technology knowledge base.
Wind power, bioenergy and solar energy industries are developing rapidly and have much to offer toward the increasing demand for renewables. As these industries and their technologies mature, the Midwest is uniquely positioned to provide a global base and help to strengthen economies for both States in the region as well as for global partners.
The Alliance is providing a Energy Industry Forum for meaningful interactions between key executives engaged in the energy sectors, including natural gas, electricity, wind power, solar power, biomass, biofuels, water technologies, environmental and waste management, geothermal energy, energy efficiency and storage, and scientists engaged in scientific research with a view to creating new products and novel, effective solutions to improve the energy industry.
If you would like more information about partnering with us on upcoming programs and sponsorships available with the Alliance's Energy Industry sector, please contact us at [email protected]
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