Technology Gains are Powering Wind Energy

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Last year, in the United States and overseas, the wind energy industry set new records, scored countless firsts and generally gained a surprising round of superlatives worldwide as it rose to provide 2.6 percent of global electricity production. A decade from now, that figure is on track to rise to 7.4 percent, according to a recent report by Navigant Research.

The wind industry has boomed over the last decade, growing more quickly than many energy optimists predicted. Today, a virtuous cycle is underway, seeded by public subsidies and investments; driven by the need for energy security and the goal to reduce emissions; and sustained by a familiar process where the scaling up of manufacturing capacity lowers per-unit costs, increases competitiveness with conventional fuels and drives further innovation.