BYANDWITHCLEAN ENERGY TRENDS 2011RON PERNICK CLINT WILDERTREVOR WINNIESEAN SOSNOVECMARCH 2011table of contentsclean energy trends 2011. . 2A Decade of Unstoppable Growth . 3U.S. Clean-Tech Venture Investments . 4NASDAQ Clean Edge Stock Indices Performance . 5Getting To Cost Parity . 6Moving Forward . 7five trends to watch .81. incandescent Phase-out lights the way for low-cost leds. 8Recent Headlines . 9Select Companies to Watch . 92. natural gas advances as a Powerful Partner for wind and solar energy . 10Recent Headlines . 11Select Companies to Watch . 113. cleaner aviation fuels are Poised for takeoff. . 12Recent Headlines . 13Select Organizations to Watch . 134. low-cost green building brings relief and sustainability around the world . 14Recent Headlines . 15Select Organizations to Watch . 155. innovation Provides alternatives to rare earths . 16Recent Headlines . 17Select Companies to Watch . 17Premier sPonsors . 18major sPonsors . 19about clean edge, inc. . 20 2011 Clean Edge, Inc. (www.cleanedge.com). May be reproduced for noncommercial purposes only, provided credit is given to Clean Edge Inc. and includes this copyright notice.2clean energy trends 2011Ten years ago, in April 2001, Clean Edge released Clean Tech: Profits and Potential, our first pub-lication. It marked the launch of our research firm and the beginning of a decade-long journey exploring the growth, opportunities, and challenges of the clean-tech sector. Back then, the concept of clean tech was virtually unknown in the mass media, in business circles, and among politicians. At the time, there was one clean-tech institute in India and the United Na-tions used the term sporadically, but decided, in a move that only a bureaucrat could love, to use the term “environmentally sound technologies” or ESTs, instead. But we thought the term “clean tech” was most apt reflecting terms used in earlier revolutions such as high tech and biotech and much more aligned with our own Internet-age proclivities. Needless to say, clean tech and clean energy won out and have moved broadly into the mainstream vernacular from Beijing and Washington, D.C. to Rio de Janeiro, Seoul, and across the globe.As witnessed over the past decade, clean tech has proven to be a significant business opportunity, and its growth rates now rival that of earlier technology revolutions like telephony, computers, and the Internet. According to Clean Edge research, the global market for solar photovoltaics (PV) has expanded from just $2.5 billion in 2000 to $71.2 billion in 2010, for example, representing a compound annual growth rate (CAGR) of 39.8 percent. The global market for wind power, which like solar PV we have tracked every year for the past decade, has similarly expanded from a global market worth $4.0 billion in 2000 to more than $60.5 billion today, for a CAGR of 31.2 percent. And these growth rates are not limited to solar and wind. Other clean-tech sectors, such as hybrid electric vehicles, green buildings, and smart grid, have seen similarly spectacular growth rates. This overall trend for clean-tech markets continued to be one of growth and expansion in 2010.