Thursday, November 15, 2012

Innovation

I was reading yesterday about how there have been 5 major breakthroughs in recent years in medical equipment that have fundamentally changed medicine.  In that same time, there have been exactly one, in the energy market.

Clearly this is not how the market is supposed to work.  The utilities do not have to compete for customers and therefore have no motivation to innovate.  Germany is already well on it's way to generating 100% of it's energy through renewable means by 2050.  We need to get on the ball.

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