The Valley of Death: Why Energy Is Not Like IT
We often wonder when the next Google of clean energy will materialize. When will the lone inventor finally emerge from his garage to change the world and solve our energy problems? What stealth company will bring the establishment to its knees? Our recent experience with IT makes these questions seem relevant. But some analysts say they ignore the realities of energy.
“It’s a dangerous distraction,” says Mark B”unger, a research director with Lux Research. “There’s such a long distance between invention and implementation in these really physical technologies.”
It’s convenient to compare solar cell manufacturing to chip manufacturing or smart meters to personal computers. But a variety of factors make these sectors very different, says B”unger.