Sunday, September 21, 2008

Next Big Industry - Energy Technology?

Per Thomas Friedman's Column today, Thomas L. Friedman: No Laughing Matter, the next big industry is Energy Technology. And if the US government just focused a little bit on this, it would help the economy of the US tremendously by allowing us to be leaders in this.

It's definitely something to think about.

Why Energy Technology is important:
  • Energy is an important part of our economy that when it rises in cost can cause substantial issues.
  • Global warming as well
  • Increased income causing increased pollution in the world and energy usage.
  • Example of where Detroit is today (near bankruptcy again) and where Toyota, who invested in the Prius is today.
  • Increased Energy efficiency would make the US economy more cost competitive and healthier. There is a lot of potential energy savings in green buildings, transportation, more efficient motors, DC Powerlines, etc.
Summary - a lot of challenges to the environment as well as to the economy that could Energy Technology solve.

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