CT Renewable Energy and Energy Efficiency
Economy Baseline Study and New Technology Investment Strategy Report
In 2009, the Connecticut Clean Energy Fund (CCEF) commissioned Navigant Consulting to analyze Connecticut’s clean energy economy and identify effective ways to support and accelerate industry growth.
The CT Renewable Energy and Energy Efficiency Economy Baseline Study
The CT Renewable Energy and Energy Efficiency Economy Baseline Study assesses the current state of the industry in Connecticut including: companies and institutions, number and types of jobs, revenues, employment income and investment impact. The study helps identify where Connecticut has resources, strengths and competencies that can be leveraged to accelerate growth and create jobs.
The Baseline Study represents an independent analysis by Navigant, working closely with the Connecticut Clean Energy Fund, the Connecticut Energy Efficiency Fund and the Connecticut Department of Economic and community Development in performing primary research and gathering detailed 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 hundreds of companies, institutions and key industry players to verify facts and fill-in missing information.
Economy Baseline Reports
The CCEF New Technology Investment Strategy Report
The CCEF New Technology Investment Strategy Report builds on the Baseline Study and provides analysis and recommendations for investing in emerging renewable energy, energy efficiency and electric infrastructure technologies that will become the future engine of Connecticut’s clean energy industry. Successful implementation of this strategy will help the state diversify its clean energy industry, create jobs and be well positioned for future opportunities.
Some of the Report’s key recommendations include:
- Use the state’s fuel cell industry as a model to build additional industry clusters around the renewable energy, energy efficiency and energy infrastructure investment themes identified in the report.
- Focus on supporting the front end (e.g. research, product development and design for manufacturing) and back end (e.g. sales, marketing, installation, servicing and financing) of the value chain, which generate the highest paying jobs, and invest in manufacturing activities that align with core capabilities in the state.
- Focus incentives on developing technologies that presently have limited support, namely emerging energy efficiency and electrical infrastructure technologies, and renewable fuels. A “preferred list” of approximately 80 technologies has been developed and is presented and prioritized in the full report.
Investment Strategy Reports
If you have comments or questions regarding the content of these two studies, please contact:
Associate Director, New Technologies
Clean Energy Finance and Investment Authority