Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

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

'Stealth' nanoparticles could improve cancer vaccines October 1st, 2014

Stressed Out: Research Sheds New Light on Why Rechargeable Batteries Fail October 1st, 2014

New Absorber Will Lead to Better Biosensor: Biosensors are more sensitive and able to detect smaller changes in the environment October 1st, 2014

Graphene chips are close to significant commercialization October 1st, 2014

Display technology/LEDs/SS Lighting/OLEDs

'Greener,' low-cost transistor heralds advance in flexible electronics September 24th, 2014

Nanotechnology leads to better, cheaper LEDs for phones and lighting September 24th, 2014

Southampton scientists grow a new challenger to graphene September 23rd, 2014

New research points to graphene as a flexible, low-cost touchscreen solution September 19th, 2014

Possible Futures

Air Force’s 30-year plan seeks 'strategic agility' August 1st, 2014

IBM Announces $3 Billion Research Initiative to Tackle Chip Grand Challenges for Cloud and Big Data Systems: Scientists and engineers to push limits of silicon technology to 7 nanometers and below and create post-silicon future July 10th, 2014

Virus structure inspires novel understanding of onion-like carbon nanoparticles April 10th, 2014

Local girl does good March 22nd, 2014

Announcements

'Stealth' nanoparticles could improve cancer vaccines October 1st, 2014

Stressed Out: Research Sheds New Light on Why Rechargeable Batteries Fail October 1st, 2014

New Absorber Will Lead to Better Biosensor: Biosensors are more sensitive and able to detect smaller changes in the environment October 1st, 2014

Graphene chips are close to significant commercialization October 1st, 2014

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

Novel approach to magnetic measurements atom-by-atom October 1st, 2014

'Stealth' nanoparticles could improve cancer vaccines October 1st, 2014

Stressed Out: Research Sheds New Light on Why Rechargeable Batteries Fail October 1st, 2014

New Absorber Will Lead to Better Biosensor: Biosensors are more sensitive and able to detect smaller changes in the environment October 1st, 2014

Energy

Platinum meets its match in quantum dots from coal: Rice University's cheap hybrid outperforms rare metal as fuel-cell catalyst October 1st, 2014

New Absorber Will Lead to Better Biosensor: Biosensors are more sensitive and able to detect smaller changes in the environment October 1st, 2014

Production of Filters for Separation of Water from Petroleum Products in Iran October 1st, 2014

Production of Anticorrosive Chromate Nanocoatings in Iran September 27th, 2014

Automotive/Transportation

Production of Anticorrosive Chromate Nanocoatings in Iran September 27th, 2014

Teijin Aramid’s carbon nanotube fibers awarded with Paul Schlack prize: New generation super fibers bring wave of innovations to fiber market September 25th, 2014

Next-Gen Luxury RV From Global Caravan Technologies Will Offer MagicView Roof and Windshield Using SPD-SmartGlass Technology From Research Frontiers: Recreational Vehicle Manufacturer Global Caravan Technologies (GCT) Features 28 Square Feet of MagicView™ SPD-SmartGlass September 17th, 2014

Toward making lithium-sulfur batteries a commercial reality for a bigger energy punch September 17th, 2014

Quantum Dots/Rods

Platinum meets its match in quantum dots from coal: Rice University's cheap hybrid outperforms rare metal as fuel-cell catalyst October 1st, 2014

University of Electro-Communications research: High density quantum dots for powerful solar cells September 25th, 2014

Nano-pea pod model widens electronics applications: A new theoretical model explains how a nanostructure, such as the nano-pea pod, can exhibit localised electrons September 4th, 2014

Interaction between Drug, DNA for Designing Anticancer Drugs Studied in Iran August 17th, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE