Innovation In Energy — Big Change Is Yet to Come

From a Bloomberg.com article about how wonderful alternative energy sources have become:

“It’s not going to be your grandfather’s energy industry,” Nancy Pfund, a managing partner at the San Francisco-based venture capital company DBL Investors LLC, said at the conference. “We’re going to see a parallel evolution in energy like we’ve seen in computing, phones and radio. There really hasn’t been an innovation cycle in energy in 100 years.”

Also — amusing, I would guess — there’s this:

Immelt said he spends so much time telling coal-heavy power generators they have to change that executives tell him “shut up Jeffrey.” The industry’s business model, with centralized power plants distributing electricity to customers hasn’t changed much since Thomas Edison flipped the switch on the first investor-owned power plant in Manhattan in 1882.

GE, the biggest U.S. supplier of turbines, is working to drive down costs by improving its wind designs, potentially expanding those islands of competitiveness.

Immelt is the boss at GE, of course.

Source: http://electricalcontractor.com/?p=13668

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