"Ere many generations pass, our machinery will be driven by power obtainable at any point in the universe.
It is a mere question of time when men will succeed in attaching their machinery to the very wheelwork of nature."
- Nikola Tesla, Inventor Alternating Current Motor
The need to find new sources of energy is obvious to everybody. There is little need to talk of the beneficial effects on our environment, seas and wildlife, plus the search for more economic sources.
If a new source of energy were to emerge, the price of electricity would fall like a stone for the benefit of businesses and households worldwide. In turn, fuel prices would follow suit.
A cheaper alternative energy source will have a positive impact on economic activity in oil importing countries. This would be particularly important for the heavily indebted euro zone.
Furthermore, what if there were a new form of energy that was not only cheap, but could be produced exactly where it was needed, at your home, in your car, in your factory or your boat? There would be no need any longer for pylons, sub stations and the massive infrastructure of filling stations and electricity delivery.
This is not pie in the sky. With conventional technology we already have factories and homes generating their own power where they want it with solar power. The time is close when we can store solar energy in batteries and super capacitors to run your car. The cost of solar is approaching the cost per watt of conventional, centrally generated electricity. The problem with Solar is that it is dependant on sun, which is not always available in the degree we would like.