Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

ICN2 researchers compute unprecedented values for spin lifetime anisotropy in graphene November 17th, 2017

Math gets real in strong, lightweight structures: Rice University researchers use 3-D printers to turn century-old theory into complex schwarzites November 16th, 2017

The stacked color sensor: True colors meet minimization November 16th, 2017

Nanometrics to Participate in the 6th Annual NYC Investor Summit 2017 November 16th, 2017

Display technology/LEDs/SS Lighting/OLEDs

The next generation of power electronics? Gallium nitride doped with beryllium: How to cut down energy loss in power electronics? The right kind of doping November 9th, 2017

Atomic scale Moiré patterns to push electronic boundaries? November 1st, 2017

The secret to improving liquid crystal's mechanical performance: Better lubricating properties of lamellar liquid crystals could stem from changing the mobility of their structural dislocations by adding nanoparticles October 13th, 2017

Missing atoms in a forgotten crystal bring luminescence October 10th, 2017

Possible Futures

Math gets real in strong, lightweight structures: Rice University researchers use 3-D printers to turn century-old theory into complex schwarzites November 16th, 2017

The stacked color sensor: True colors meet minimization November 16th, 2017

GLOBALFOUNDRIES Demonstrates Industry-Leading 112G Technology for Next-Generation Connectivity Solutions: High bandwidth, low power SerDes IP portfolio enables ‘connected intelligence’ in data centers and networking applications November 15th, 2017

Counterfeits and product piracy can be prevented by security features, such as printed 3-D microstructures: Forgeries and product piracy are detrimental to society and industry -- 3-D microstructures can increase security -- KIT researchers develop innovative fluorescent 3-D stru November 15th, 2017

Announcements

ICN2 researchers compute unprecedented values for spin lifetime anisotropy in graphene November 17th, 2017

Math gets real in strong, lightweight structures: Rice University researchers use 3-D printers to turn century-old theory into complex schwarzites November 16th, 2017

The stacked color sensor: True colors meet minimization November 16th, 2017

Nanometrics to Participate in the 6th Annual NYC Investor Summit 2017 November 16th, 2017

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

ICN2 researchers compute unprecedented values for spin lifetime anisotropy in graphene November 17th, 2017

Math gets real in strong, lightweight structures: Rice University researchers use 3-D printers to turn century-old theory into complex schwarzites November 16th, 2017

The stacked color sensor: True colors meet minimization November 16th, 2017

Counterfeits and product piracy can be prevented by security features, such as printed 3-D microstructures: Forgeries and product piracy are detrimental to society and industry -- 3-D microstructures can increase security -- KIT researchers develop innovative fluorescent 3-D stru November 15th, 2017

Energy

Inorganic-organic halide perovskites for new photovoltaic technology November 6th, 2017

Dendritic fibrous nanosilica: all-in-one nanomaterial for energy, environment and health November 4th, 2017

New nanomaterial can extract hydrogen fuel from seawater: Hybrid material converts more sunlight and can weather seawater's harsh conditions October 4th, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

Automotive/Transportation

The next generation of power electronics? Gallium nitride doped with beryllium: How to cut down energy loss in power electronics? The right kind of doping November 9th, 2017

Leti Coordinating Project to Develop Innovative Drivetrains for 3rd-generation Electric Vehicles: CEA Tech’s Contribution Includes Liten’s Knowhow in Magnetic Materials and Simulation And Leti’s Expertise in Wide-bandgap Semiconductors October 20th, 2017

GLOBALFOUNDRIES Introduces New Automotive Platform to Fuel Tomorrow’s Connected Car: AutoPro™ provides a full range of technologies and manufacturing services to help carmakers harness the power of silicon for a new era of ‘connected intelligence’ October 12th, 2017

Organic/inorganic sulfur may be key for safe rechargeable lithium batteries October 12th, 2017

Quantum Dots/Rods

Quantum communications bend to our needs: By changing the wavelengths of entangled photons to those used in telecommunications, researchers see quantum technology take a major leap forward September 28th, 2017

Band Gaps, Made to Order: Engineers create atomically thin superlattice materials with precision September 26th, 2017

New approach on research and design for CQD catalysts in World Scientific NANO August 2nd, 2017

Coupling a nano-trumpet with a quantum dot enables precise position determination July 14th, 2017

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