A Record-Breaking Year for Green Energy, and an Ever-Growing Market
Make no mistake, the road to decarbonization is a long and challenging one. But it may come as a comfort to you that it’s not too late to participate in the journey, thanks to renewable fuels like the ones we at EFT are already helping produce (did someone say “first-ever fossil-free jet fuel”?).
BloombergNEF, a leading source for insights related to global trends in the energy sectors, recently released its “Sustainable Energy in America 2022 Factbook” (available for download here). The annual report, which offers year-over-year data tracking the U.S.’s transition to green energy, revealed that 2021 was a record-breaking year for investment in sustainable transportation—and that’s despite the complications created by the pandemic. Among the reasons for this unprecedented growth are 1) “strong consumer demand,” 2) “a wave of supportive new policies,” and 3) the need for energy independence. Say—that squares exactly with what we’ve been telling you all along!
Bloomberg also published a helpful article that provides valuable insight into the future of decarbonization. Our favorite part? In their “Green scenario,” where fossil fuels account for only 10% of all energy, increasing the share of sustainable aviation fuel (SAF) is at the top of the priority list (okay, this time we definitely heard “first-ever fossil-free jet fuel”).
With the funds raised during our current offering, we’ll be able to continue our efforts to bring more green fuels and jobs to America, and scale and license our sustainable fuel production technology globally. And with demand for clean fuels higher than ever, we don’t think our timing could have been better.
You can also learn more about the decarbonization megatrend, and how we’re scaling our waste-derived fuel tech globally, by visiting our offering page and reading through our SEC-qualified Offering Circular.