Sunday, March 30, 2014

Investing in hundred year old technology

ETOM Quote of the Day:
"If we keep having extreme weather events and the inadequacy of the [electrical utility] system keeps revealing itself, people may not want to keep reinvesting in something that's 100 years old the day it's built." - David Crane, CEO of NRG Energy
Crane sees a future not in centralized utilities, but in distributed generation - solar panels on every home.