Wednesday, December 25, 2019

Our Energy Future

I'm convinced that technology will disrupt the energy and transportation sectors by 2030. A new energy paradigm is emerging with clean and distributed renewable energy and electric vehicles.

The fossil fuel industry will soon be disrupted by the energy innovations of Silicon Valley. The success of renewable energy is made possible by several converging technologies: the cloud, data analytics, smart sensors, machine learning, artificial intelligence, photovoltaics, wind turbines, and batteries. These technologies will make up the "smart grid", which will be comprised of a network of interconnected "smart buildings", each acting as their own mini power plants. The distributed grid will be scaled laterally, and will elbow out the fossil fuel and nuclear industries. Energy will become decentralized, democratized, decarbonized, and digitized. The day will come when all new energy investments will be with renewable energy generation and storage, and any remaining capital in coal, oil, natural gas, and nuclear energy will become stranded assets.

Electric vehicles (EVs) will soon be less expensive to own and operate than internal combustion engine vehicles. Ride-sharing and self-driving EVs like robotaxies will further the decline of the fossil fuel industry. The EV disruption will decimate the gasoline car industry, taxi industry, parking industry, auto insurance industry, and rental car industry. This is the invisible hand of the market at work. This is creative destruction.

I think the clean energy disruption will have taken shape by 2030 and will be fully mature by 2040. The free market will largely drive the disruption, although I'm hopeful that a Green New Deal will organize the transition. The way we power and move economic life will be revolutionized.

I want to create this blog as a place to collect my thoughts. I will post what I think are the most relevant facts and arguments related to the energy and transportation disruption. It can serve both as a tool for my own educational journey and as a resource for those interested in keeping up with our energy future.

1 comment:

  1. Thanks for sharing your ideas. We need more people like you working on various aspects of green energy to accomplish the goal of eliminating fossil fuel use.

    ReplyDelete

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