The BizFilings blog covering business tips and trends.
Finding Opportunities in the Green Tech Market
Published on Mar 29, 2011
Check out 'Finding Opportunities in the Green Tech Market' at 'Time to Start Up,' the small business blog by BizFilings.
As California pushes to enact the nation's first law that places a cap on greenhouse gas emissions, many entrepreneurs, investors and business owners are moving to find opportunities in the wave of green energy regulations.
But the trend is not limited to Calfornia, as research throughout the world is contributing to new financial opportunities and technological breakthroughs that may help lessen dependence on fossil fuels and foreign oil, and one of the most important innovations is expected to come in the form of automobile fuel efficiency.
"Although the oil and gas shortages in the 1970s failed to squelch the conventional internal combustion engine, the automobile industry is finally getting the message, seeking engineers to think up new automotive power systems, designs and better ways to get around," writes Sharon King Hoge for Entrepreneur magazine.
Electric and hybrid vehicles are the first step in this direction, but economic incentives to make the switch en masse have yet to be introduced. To do that, a more efficient and effective battery is needed - a task which has already received billions of dollars of both private and public investment.
For green tech entrepreneurs forming a company or selling a product, it's important to stay attuned to where such investments are being made and why.
Wisconsin based Glass Nickel Pizza Co. has implemented a variety of Eco-friendly devices into its business including delivery vehicles that run on used vegetable oil which the company refers to as their Waste Vegetable Oil (WVO) delivery cars. An interesting fact The Glass Nickle Co has posted on its site is when Rudolph Diesel patented the diesel engine in 1892 his goal was to create a more efficient engine and originally intended the diesel engine to run on peanut or other vegetable and seed oils.
There are all sorts of innovative green initiatives small business owners are implementing into their businesses. Do you have an innovative green initiative to share? We'd love to hear all about it!