According to the American Wind Energy Association in 2001 the international wind power industry installed over 6,500 megawatts (MW) of new wind energy generating capacity, bringing the total worldwide installed capacity to about 24,000 MW. In the U.S. alone, close to 1,700 new megawatts came on line in 2001. Wind farms in the U.S. are currently generating about 10 billion kilowatt-hours (kWh) annually, enough to power one million average American homes. As customer demand for clean energy grows and the costs associated with wind power continue to drop, utilities are expected to increase their use of this clean, reliable energy resource. (read more)
Utilities today are facing new pressures brought on by a combination of load growth, the introduction of competition, and insistent customer demands for improved power quality and reliability. Current efforts aimed at deregulating the transmission and distribution of electricity and the higher power quality requirements of our growing digital economy are forcing utilities to quickly react to changing market conditions and offer new solutions to their customers. (read more)
Industry analysts forecast the conversion to electric ship propulsion will accelerate the growth of the current $400 million ship propulsion motors and generators market to $2-4 billion annually in the next ten years. The expected compound annual growth rate for electric motors and generators for ship propulsion applications is expected to be more than 20 percent. Today nearly 100 percent of all cruise ships and many cargo ships have transitioned to electric motor propulsion systems. In 2000, the U.S. Navy also announced its intention to transition to electric propulsion motors for future Navy ships. (read more)
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