Matthew Stone, NextGen Nano: Decentralising the Sustainable Energy Industry

Matthew Stone, NextGen Nano: Decentralisingthe Sustainabl Energy e 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, decentralization 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 centralized 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 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.

Decentralized energy relies on small-scale power-generating operations sited close to where that energy will be used. Decentralized systems largely rely on renewable sources rather than fossil fuels, significantly decreasing the environmental impact of energy production and reducing reliance on finite resources.

Decentralization marks a major stepping-stone on the path to independently sourced energy, decreasing reliance on imported resources. A decentralized system shifts power from energy companies to small businesses and consumers, leveraging a shared economy to create a more circular energy system.

Under a decentralized regime, energy could be generated on a much smaller localized scale, for example via wind or solar farms. Recent advancements in organic photovoltaic (OPV) technology accomplished by industry pioneer NextGen Nano have paved the way for rapid decentralization, aiding the transition to sustainable energy.

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.

This Content is Taken From: https://ecolonomics.org/matthew-stone-nextgen-nano-decentralising-the-s ustainableenergy-industry/