Matthew Stone, NextGen Nano: Decentralising the Sustainable Energy Industry

According to figures from the World Economic Forum, over 860 million people living in underdeveloped and developing nations lack reliable energy sources. As Matthew Stone, NextGen Nano Chairman points out, decentralization could hold the key to transforming the global energy industry. The damaging effects of harvesting and burning fossil fuels are widely reported. Extracting fossil fuels can be an extremely dangerous and environmentally damaging process. Fossil fuels are non-renewable and unsustainable, becoming increasingly expensive as natural stores diminish. Burning fossil fuels has already had a catastrophic effect on our planet, with the harmful particles and greenhouse gasses released contributing to climate change. Pollution created by burning fossil fuels causes significant health problems in humans, releasing heavy metals and toxic particles. At a traditional power station, energy is generated continuously, irrespective of peaks and troughs in demand. This makes tra...