'It's the end of energy and transportation as we know it':
Within just 15 years conventional energy production and transport will have been rendered obsolete by the revolution taking place in batteries, solar power and electric cars.
The startling thesis by energy disruption guru and Stanford University lecturer Tony Seba has been around for a couple of years but after originally being dismissed as crazy, is now catching serious attention from investors.
There is "no excuse" for any board of a utility in Australia not to know what's coming, he says, outlining a world with little centralised power generation, 100 per cent electric vehicles and minimal private car ownership.
Many current estimates vastly understate the potential of solar, says Stanford's Tony Seba.
"It's the end of energy and transportation as we know it, and it's coming very quickly," Mr Seba said at the start of a week of investor meetings in Australia.
"It's going to be over by 2030; it has started already."
Mr Seba's thesis is based on the transformation being wrought by four technologies: solar power, battery storage, electric vehicles and self-driving cars. The change will be as rapid and as unforeseen as the switch from horse-drawn carriages to cars in the early 20th century.
Read more: http://www.smh.com.au/business/energy/its-the-end-of-energy-and-transportation-as-we-know-it-tony-seba-20160519-goz5bm.html#ixzz49Z7Xte2l
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The share number of players in the energy storage Industry suggests to me a breakthrough of monumental importance will happen .
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