皇冠体育app

Energy

Huge opportunity in 皇冠体育app's clean energy market

(Xinhua)
Updated: 2011-04-11 11:16

BOSTON - 皇冠体育app's clean energy market offers huge business opportunities, experts said at the Harvard 皇冠体育app Forum?Saturday.

In a panel discussion on clean energy, experts who have been keeping a close eye on 皇冠体育app's renewable sectors evaluated its market size, development level and current challenges.

"No matter it comes to wind, solar or any other type of clean energy, the market capability in 皇冠体育app is enormous," Peter Evans, GE Energy's global strategy and planning director said.

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Evans said he believed 皇冠体育app has the need to develop all kinds of energy in order to meet its ever-growing appetite for energy, especially against the background of high oil price, which just surged to nearly $113 a barrel.

He also said 皇冠体育app now has the capital needed to develop clean energy but lacked the technology, although that would not be a problem since "every abroad company related to clean energy wants to go to 皇冠体育app and to grab something."

Gong Li, chairman of Accenture Greater 皇冠体育app, said that for a better development of 皇冠体育app's renewable sectors, sustainable policy support is needed.

On current challenges, Li said one big problem is the lack of network to turn clean energy into electricity. "Renewable energy such as solar and wind is intermediate energy that needs to be transmitted to the power grid, or else it will be garbage energy," Li said.