CT Renewable Energy and Energy Efficiency
Economy Baseline Study
Connecticut Clean Energy Fund has commissioned Navigant Consulting to complete a three-part study to identify effective ways to support and accelerate growth of the renewable energy / energy efficiency industry in Connecticut. The first phase of this study establishes a baseline for the renewable energy and energy efficiency economy in Connecticut including: companies and institutions in the sector, number of jobs, employment income, and revenue. Phase 1 was completed in partnership with the Connecticut Energy Efficiency Fund. The Department of Economic and Community Development also collaborated by building an economic model used to independently verify Navigant’s results.
As an initial step in refining our growth and investment strategy, we must understand where we stand today. What is the baseline renewable energy and energy efficiency economy in Connecticut? Who are the companies? How many jobs do they support and what kinds of jobs? Where do these companies fit within the industry value chain? Where do we have leverage to move forward?
The Phase 1 executive summary and full report are posted below.
The next two phases are much more strategic and will primarily focus on the renewable energy sector. They will help us answer where do we want to go? How do we realistically get there? What are the technology, financial, policy and workforce gaps in achieving our goals? How do we best leverage our core competencies? Where and how should we be investing? Phases 2 and 3 are expected to be completed in the next few months.
The study represents an independent assessment and analysis performed by Navigant Consulting, an internationally recognized expert in the area of renewable energy and energy efficiency. Navigant has worked very closely with the CCEF, CEEF and DECD in performing primary research and gathering accurate data for the baseline study. Because the industry is still relatively new, especially the renewable energy sector, early on the team understood it could not rely on traditional secondary data sources. Navigant’s work is based on interviewing over one hundred companies and institutions in Connecticut and several hundred follow up calls with key stakeholders to verify facts and fill in missing information.
If you have any comments or questions regarding the study’s content, please contact:
Kim Stevenson
Manager, New Technologies
Connecticut Clean Energy Fund
kim.stevenson@ctcleanenergy.com
(860) 257-2890
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