Is There Innovation In The Contracting Business?

4 Technologies Drive Up The Energy Job Market

Employment in the “energy” industry is on the rise, according to the second annual National Energy Employment Report issued by the Department of Energy (DOE) in January. In fact, 6.4 million Americans now work in energy, adding more than 300,000 net new jobs in 2016, which is 14% of the nation’s overall job growth. “This report verifies the dynamic role that our energy technologies and infrastructure play in a 21st century economy,” said David Foster, DOE senior advisor on industrial and economic policy.

The report also showed that the energy efficiency sector had the largest increase in jobs, adding 133,000 jobs in 2016 for a total of 2.2 million people. The job outlook remains bright as well. According to the report, the energy efficiency sector is predicting hiring rates of 9% in 2017, or 198,000 new hires. According to the report, much of this energy efficiency job growth can be attributed to advances in four major technology areas:

  1. Efficient appliances
  2. HVAC
  3. Advanced Building Materials
  4. Lighting

We see the Spray Foam Hybrid as a spray technology that will fit nicely into two of these categories, that being HVAC and Advanced Building Materials. We believe that this new portable spray foam machine will transcend between both the low pressure spray and high pressure spray foam industry. Recently, I will able to give our Elevator Pitch to a room full of 400+ people who were there to listen to new business ideas.  Could the Spray Foam Hybrid fit into the Spray Foam Sweet Spot? Time will certainly tell, won’t it?