In 2010, Ohio was ranked the fourth largest CO2 emitting state in the U.S. based on its energy-related emissions. These high levels of emissions are in part a result of the state's heavy reliance on coal for its electricity production.
In 2008, Ohio passed its landmark alternative energy portfolio standard, S.B. 221. (Ohio is in good company with the 20 states that have an energy efficiency resource standard and 29 states that have a renewable portfolio standard.) Ohio's renewable and advanced energy technologies have benefitted from S.B. 221 and other state policies meant to diversify Ohio's energy portfolio. For example, Ohio's wind energy supply chain, shale energy supply chain and solar energy supply chain are robust and growing. Looking ahead, Ohio's ability to be an energy powerhouse is growing, especially with companies investing in natural gas extraction and processing through unconventional sources (shale) and entering the downstream value chain. A diverse energy portfolio is seen as key to Ohio's energy future, and is supported by state government.
Interest in energy efficiency and energy storage projects in Ohio is growing and strong as businesses continue to enter the industry. A 2012 report from trade association Advanced Energy Economy Ohio estimated that Ohio is home to more than 400 advanced energy companies spanning 22 advanced energy industry sectors that together employ 25,410 Ohioans as of 2010. In addition, initiatives continue to emerge that help businesses, home owners, local governments identify and implement projects. Renewables, natural gas, and energy efficiency and storage, represent the largest growth sectors in Ohio's energy economy and will require significant innovation, capital and hard work to enhance the state's technological and economic competitiveness.
Reviewing the online energy supply chains developed by the Voinovich School and networking with Ohio's trade associations and energy organizations will help you find and evaluate the right niche for your energy business. Understanding the trends in state energy policy will inform your market outlook and connect you with the key players active in the industry.
Some organizations to check out:
Other organizations tracking Ohio energy policy:
This web resource is made possible in part with funding from the Appalachian Regional Commission under contract number: CO-16608. Note that the non-Ohio University websites referenced in these pages are meant only to provide additional information, and are not endorsed in any way by Ohio University.