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Home > News > Venture Capital Flood

October 16th, 2007

Venture Capital Flood

Abstract:
Jeff Sterba, president of the Edison Electric Institute and chairman and CEO of PNM Resources, sees nanotechnology as central to new developments in the critical area of energy storage: "The one thing that would revolutionize our industry is the development of a cost-effective mass storage device or set of devices or system. One of the applications we're seeing now is the application of nanotechnology for batteries, where nanotubes increase the area of lithium ion batteries that are actually utilized by an order of ten thousand times. That would unlock the potential for solar, wind and tidal while fundamentally changing the way in which we utilize the grid."

Source:
energycentral.com

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