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’s Chairman points out, decentralisation could hold the key to transforming the global energy industry. Traditionally energy was produced by burning fossil fuels at industrial plants, distributing power generated via the national grid. A centralised energy system places power firmly in the hands of customers, with numerous distinct disadvantages. 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 clim...