Download Kevin Doyle and Philip Jordan - MA Clean

Clean Energy Industry is Significant
$10 Billion Industry in MA
2.5% of Gross State Product
2.4% of Massachusetts jobs
5,985 Firms
2.7% of Massachusetts Firms
And Continues to Grow
Employment
(top) and Firm
(bottom) Growth
Three Pillars of Growth
Massachusetts is an Attractive Local Market
Percentage of customers in MA
• #1 State in Energy Efficiency
• 7 Year Average ROI for Solar
• Positive Consumer Attitudes
Global markets are Growing
Majority of Energy to be Zero Emission by 2030
Massachusetts has Untapped Export Potential
66% of clean energy
manufacturers and
39% of professional services
firms export outside MA
Private Investment Fuels Innovation Ecosystem
MA is #1 in per-capita in early-stage and growth equity
Investment
MA is behind only California in total dollars invested in
clean energy companies
Clean Energy Job Growth by Activity
Engineering Jobs - Overall
A Highly Educated Workforce
Most jobs require at least an Associate Degree
Massachusetts is the Most Educated State in the
U.S.
More than 25% of new hires over the past 12
months were to fill professional or
managerial positions, which typically pay
more than double the state average wage.
Potential Threats to Growth
Difficulty Hiring is on the Rise
• About one in five businesses report great difficulty
finding workers
• This is up from only 10% in 2013.
• Nearly one in four face difficulty finding experienced
workers
• Firms are still “making do” but concern is growing
Clean Energy Workers
Experience Profile
64.6%
90.4%
[Caption]
Capital Needs
Installation, Sales and
Professional Services
R&D, Engineering and
Manufacturing Capital Sources
Federal Investments Down, MA Share Rises
MA funding is 98% DOE funding, and captured 28% of ARPA-E grant allocation in 2013
Technology Highlights
Energy Efficiency Highlights
Energy Efficiency Highlights
Renewable Energy Highlights
Renewable Energy Highlights
Alternative
Transportation
GHG Management
Massachusetts Regional Employment
Methodology
 Employer survey based methodology
 1,891 firms responded
 Stratified, clustered sample of firms to be
representative by size, region, and type
 Includes “known” firms and sampling from
likely industries
 Margin of error well below industry standard
 Executive interviews with employers
 i3 investment data