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

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

An Experiment Seeks to Make Quantum Physics Visible to the Naked Eye May 3rd, 2016

Quantum sensors for high-precision magnetometry of superconductors May 3rd, 2016

New drug-delivery approach holds potential for treating obesity May 2nd, 2016

Display technology/LEDs/SS Lighting/OLEDs

Hybrid nanoantennas -- next-generation platform for ultradense data recording April 28th, 2016

Manipulating light inside opaque layers April 24th, 2016

Highlights from the Graphene Flagship April 22nd, 2016

What screens are made of: New twists (and bends) in LCD research: X-ray research at Berkeley Lab details exotic structure formed by liquid crystals April 19th, 2016

Possible Futures

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

An Experiment Seeks to Make Quantum Physics Visible to the Naked Eye May 3rd, 2016

Quantum sensors for high-precision magnetometry of superconductors May 3rd, 2016

Making invisible physics visible: The Jayich Lab has created a new sensor technology that captures nanoscale images with high spatial resolution and sensitivity May 2nd, 2016

Announcements

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

An Experiment Seeks to Make Quantum Physics Visible to the Naked Eye May 3rd, 2016

Quantum sensors for high-precision magnetometry of superconductors May 3rd, 2016

New drug-delivery approach holds potential for treating obesity May 2nd, 2016

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

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

An Experiment Seeks to Make Quantum Physics Visible to the Naked Eye May 3rd, 2016

Quantum sensors for high-precision magnetometry of superconductors May 3rd, 2016

New drug-delivery approach holds potential for treating obesity May 2nd, 2016

Energy

Nanoparticles present sustainable way to grow food crops May 1st, 2016

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

Researchers create artificial protein to control assembly of buckyballs April 27th, 2016

Flipping a chemical switch helps perovskite solar cells beat the heat April 26th, 2016

Automotive/Transportation

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

All powered up: UCI chemists create battery technology with off-the-charts charging capacity April 21st, 2016

Ruthenium nanoframes open the doors to better catalysts April 4th, 2016

Heat and light get larger at the nanoscale: Columbia-led research team first to demonstrate a strong, non-contact heat transfer channel using light with performances that could lead to high efficiency electricity generation April 2nd, 2016

Quantum Dots/Rods

Superfast light source made from artificial atom April 28th, 2016

Quantum dots enhance light-to-current conversion in layered semiconductors: Research demonstrates promise of a new approach for improving solar cells, photocatalysts, light sensors, and other optoelectronic devices April 11th, 2016

Revealing the ion transport at nanoscale March 30th, 2016

Sweet 'quantum dots' light the way for new HIV and Ebola treatment March 15th, 2016

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







Car Brands
Buy website traffic