The New York Times reports China’s government is struggling to meet pollution reduction targets and has pledged to spend more than 3 trillion renminbi, or almost $500 billion, to tackle the problem, creating a growing market for companies that can help increase energy efficiency and lower emissions.
“Recently, we haven’t been able to make products fast enough to keep up with demand,” said Hu Jie, a general manager at Broad Group, whose pollution-related products include hand-held monitors and environmentally friendly buildings. Sales about doubled in 2013 from the previous year, Mr. Hu said, without giving details.
BROAD Air Conditioning supplies non-electric central air conditioning powered by natural gas and waste heat with packaged water distribution system, 2 times more energy efficient than traditional central air conditioning.
BROAD Air Quality supplies heat recovery fresh air machines that can filter 99% PM2.5, mobile air quality monitors, air purifiers and central air conditioning terminal products.
BROAD Energy Service provides cooling-heating-power (CHP) operation service, district CHP projects with the BOT approach, and promotes energy-efficient project designs and operation through the contract mechanism.
BROAD Sustainable Building provides factory-made sustainable buildings featuring 90% pre-fabrication, 5 times more energy efficiency, 99% PM2.5 filtration as well as no collapse in 9- magnitude earthquake.
China’s clean-technology market is set to triple to $555 billion by 2020.
For the American environmental engineering company LP Amina, which helps coal power plants reduce emissions by retrofitting burners to make them more efficient, China sales doubled in 2013, said the firm’s marketing manager Jamyan Dudka, without providing specific figures. Coal accounts for more than two-thirds of China’s primary energy consumption.
China is pushing to reduce nitrogen oxide pollutants from power plant emissions and offering subsidies to get companies involved. The cost of retrofitting all of China’s power plants over a five-year period would be about $11 billion, Mr. Dudka said.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.