Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Nanotechnology Courts Profits by Cutting Energy Costs

Abstract:
Adoption of six nanotech innovations for energy efficiency has the same impact on fossil fuel consumption as shutting down every U.S. coal plant, says Lux Research

Nanotechnology Courts Profits by Cutting Energy Costs

Boston, MA | Posted on November 2nd, 2010

The increasing consumption and diminishing reserves of fossil fuels will create significant issues for civilization, but energy efficiency can help mitigate the challenge - and advances in nanotechnology have a role to play. Adoption of six nano-enabled products, in particular, has the potential to reduce total energy consumption for the U.S., Germany, and Japan by as much as 12%, according to Lux Research.

Titled "Nanotech's Answer Key to the Energy Problem," the report quantifies the potential impact that six nanotechnology innovations could have on energy consumption in three representative regions, the U.S., Germany, and Japan. The six technologies are low-friction tribological coatings in automotive engines, nanofiber air filters, nano-enabled insulation, lightweight nanocomposite automotive parts, thermochromic windows, and quantum dot (QD) enabled light sources.

"Full adoption of all six nanotechnologies listed could reduce total energy consumption by 12%, which would be comparable to shutting down all the coal plants in the U.S.," said David Hwang, an analyst for Lux Research and the report's lead author. "A more realistic adoption scenario could see a 1.6% drop in consumption that, while less impressive, is still substantial compared to the potential impact of energy conservation or renewable energy generation."

To prepare its report, Lux Research calculated energy usage in residential, commercial, industrial, and transportation applications. It then interviewed nanotechnology developers and would-be end users to determine how much the nano-enabled products could reduce energy consumption in each application, and how widely they might be adopted. Among the report's key observations:

The U.S. benefits most from savings on the automotive front. The ubiquitous American automobile drives most energy consumption in the U.S. Hence, low-friction tribological coatings and lightweight nanocomposites offer the biggest opportunities - 1.8% and 3.6%, respectively - for reducing energy consumption. With 3.9% total energy spent on lighting in the commercial, industrial, and residential sectors, QD-enabled LED lighting could cut another 2.5% from the U.S.'s energy consumption in 2020.

Nano-enabled insulation could insulate Germany from high expenditures on space heating. Germany's energy consumption is dominated by space heating. In 2009, 28.9% of the country's total consumption went to heating living and work spaces in the residential and commercial sectors.

Consequently, nano-enabled insulation could help lower countrywide consumption by 6.8%, representing almost half of Germany's total potential savings. Adoption of tribological coatings and nanocomposites in German automobiles could cut another 3.8% from the country's total consumption by 2020.

Japan's lighting delivers its largest reductions. In 2009, 4.6% of Japan's energy was used for general space illumination. With the large efficiency increases that QD-enabled LEDs deliver, the country could shave off 3.3% of total consumption by 2020.

"Nanotech's Answer Key to the Energy Problem," is part of the Lux Nanomaterials Intelligence service. Clients subscribing to this service receive ongoing research on market and technology trends, continuous technology scouting reports and proprietary data points in the weekly Lux Research Nanomaterials Journal, and on-demand inquiry with Lux Research analysts.

####

About Lux Research
Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.

For more information, please click here

Contacts:
Lux Research, Inc.
Carole Jacques, 617-502-5314

Copyright © Lux Research

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanoparticles Give Antibacterial Properties to Machine-Woven Carpets August 4th, 2015

Nanoparticles used to breach mucus barrier in lungs: Proof-of-concept study conducted in mice a key step toward better treatments for lung diseases August 3rd, 2015

Promising Step Taken in Iran towards Treatment of Spinal Cord Injury August 3rd, 2015

Diagnosis of Salmonella Bacterium-Caused Food Poisoning by Biosensors August 3rd, 2015

Display technology/LEDs/SS Lighting/OLEDs

Controlling phase changes in solids: Controlling phase changes in solids July 29th, 2015

Liquipel Debuts Eyesight-Saving ION-Glass Blue Light Protection for iPhones and Androids at RadioShack Stores Nationwide: Liquipel's Unique Protective Screen, Available at RadioShack, Cuts Harmful Blue Light Implicated in Macular Degeneration by 10x July 28th, 2015

'Seeing' molecular interactions could give boost to organic electronics July 28th, 2015

Reshaping the solar spectrum to turn light to electricity: UC Riverside researchers find a way to use the infrared region of the sun's spectrum to make solar cells more efficient July 27th, 2015

Possible Futures

Nanofiltration Membrane Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nanozirconia Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Self-Healing Nano Anti-rust Coatings Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nano Spray Instrument Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Announcements

Nanoparticles Give Antibacterial Properties to Machine-Woven Carpets August 4th, 2015

Nanoparticles used to breach mucus barrier in lungs: Proof-of-concept study conducted in mice a key step toward better treatments for lung diseases August 3rd, 2015

Promising Step Taken in Iran towards Treatment of Spinal Cord Injury August 3rd, 2015

Diagnosis of Salmonella Bacterium-Caused Food Poisoning by Biosensors August 3rd, 2015

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Nanoparticles Give Antibacterial Properties to Machine-Woven Carpets August 4th, 2015

MIPT researchers clear the way for fast plasmonic chips August 3rd, 2015

Quantum states in a nano-object manipulated using a mechanical system August 3rd, 2015

Nanoparticles used to breach mucus barrier in lungs: Proof-of-concept study conducted in mice a key step toward better treatments for lung diseases August 3rd, 2015

Energy

Transparent, electrically conductive network of encapsulated silver nanowires: A novel electrode for optoelectronics August 1st, 2015

Springer and Tsinghua University Press present the second Nano Research Award: Paul Alivisatos of the University of California Berkeley receives the honor for outstanding contributions in nanoscience July 30th, 2015

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

March 2016; 6th Int'l Conference on Nanostructures in Iran July 29th, 2015

Automotive/Transportation

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

Ultra-thin hollow nanocages could reduce platinum use in fuel cell electrodes July 24th, 2015

Researchers boost wireless power transfer with magnetic field enhancement July 23rd, 2015

Quantum Dots/Rods

Quantum networks: Back and forth are not equal distances! July 28th, 2015

Superfast fluorescence sets new speed record: Plasmonic device has speed and efficiency to serve optical computers July 27th, 2015

Engineered hybrid crystal opens new frontiers for high-efficiency lighting: University of Toronto researchers successfully combine 2 different materials to create new hyper-efficient light-emitting crystal July 16th, 2015

Down to the quantum dot: Jülich researchers develop ultrahigh-resolution 3-D microscopy technique for electric fields July 7th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project