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 traditional power production far less effective and more polluting. Centralized energy systems are also susceptible to unexpected power failures, making them less reliable.


Guided by a management team that includes Director of Operations Duncan Clark, NextGen Nano has developed PolyPower, a groundbreaking technology that generates record OPV efficiency, presenting a new generation of flexible, low-profile and transparent OPVs suitable for a variety of applications, opening up new markets such as electric vehicles, drones and planes, and the internet of things.


Decentralization will make the energy sector more democratic, providing consumers with increased autonomy over energy usage and generation. Innovations such as those achieved by NextGen Nano will play an instrumental role in the transition from fossil fuels to renewable energy sources, unlocking the potential of developing economies and making the global energy industry not just more people-orientated, but more environmentally friendly.

This Content has been taken from:https://ecolonomics.org/matthew-stone-nextgen-nano-decentralising-the-sustainable-energy-industry/

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