Energy Industry
In 2020, U.S. exports of energy products, equipment, and technologies totaled $123.7 billion. According to the 2020 U.S. Energy Employment Report, the U.S. energy industry employed approximately 6.8 million Americans, or nearly five percent of the U.S. workforce, in 2019. The United States is a leader in the production and supply of energy, and is one of the world’s largest energy consumers. Growing consumer demand and world class innovation – combined with a competitive workforce and supply chain in certain industry segments – make the U.S. energy industry competitive in the $6 trillion global energy market. U.S. energy companies produce oil, natural gas, coal, renewable fuels, as well as electricity from clean energy sources, including wind, solar, hydropower, geothermal, and nuclear power. U.S. energy companies further transmit, distribute, and store energy through complex infrastructure networks that are supported by emerging products and services such as smart grid technologies.
Addressing climate change is at the top of the global agenda, and climate action and ambition are rising. The UN’s Intergovernmental Panel on Climate Change (IPCC) estimates that annual investment of $2.4 trillion through 2035 in energy systems alone is needed to reach Paris Climate Agreement goals. As the United States has rejoined the Agreement with renewed ambition, the U.S. energy industry is well-positioned to take advantage of expanding climate-related opportunities internationally.
Our energy industry specialists are dedicated to enhancing the global competitiveness of the U.S. energy industry, expanding market access, and increasing exports. The Energy Team uses our presence in 200 global cities to help you foster new business relationships and expand the world-wide presence of U.S. firms.
Featured Events
Dallas, Texas
Participate in our U.S. Department of Commerce Global Partnership Program and receive comprehensive export counseling and introductions to our international buying delegations.
Dallas, Texas
Participate in our U.S. Department of Commerce Global Partnership Program and receive comprehensive export counseling, and access U.S. Embassy-recruited delegations and Executive International Market Counseling Meetings.
Houston, TX
Participate in our Global Partnership Program to find information on international opportunities, schedule business-to-business matchmaking meetings, and meet with U.S. Embassy and Consulate energy specialists leading buyer delegations,
How Can We Help You Expand Your Exports?
Energy Market Intelligence
The Philippines is addressing power reliability for rural electrification. Energy infrastructure improvements present export opportunities for U.S. companies.
Hungary’s National Clean Energy Strategy sets out scenarios on how to reach the 2050 carbon-free target.
Costa Rica’s presents opportunities for solar and distributed generation, long-term accumulative batteries and electric vehicle chargers.
Smart Grid Interoperability Standards Adoption for Southeast Asia
Gap Analyses for Indonesia, Malaysia, Philippines, Thailand, and Vietnam
This ITA-commissioned study by the Electric Power Research Institute (EPRI) provides fresh insight into the current state of smart grid interoperability standards deployment in five ASEAN markets: Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. It also offers five case studies to educate policymakers on emerging clean technology standards that have been successfully adopted in the United States, but are either excluded in the five ASEAN markets or exist non-preferentially in tandem with other standards.
Smart grid interoperability standards are tools that drive value in the electric power sector by enabling technologies from different vendors across grid domains to interact. Smart grid interoperability standards are crucial for facilitating international trade, modernizing power grids, and increasing the use of renewable energy globally.
Take advantage of this guide to plan your expansion new markets by learning about current market needs, the competitive landscape, best prospects for U.S. exporters, market entry strategies, and more.