How a new solar and lighting technology could propel a renewable energy transformation
The demand for cheaper, greener electricity means that the energy landscape is changing faster than at any other point in history. This is particularly true of solar-powered electricity and battery storage. The cost of both has dropped at unprecedented rates over the past decade and energy efficient technologies such as LED lighting have also expanded.
Access to cheap and ubiquitous solar power and storage will transform the way we produce and use power, allowing electrification of the transport sector. There is potential for new chemical-based economies in which we store renewable energy as fuels, and support new devices making up an “internet of things”.