Smart Cities

Billionaires Betting Big on Energy Storage Technologies

50 years ago, a Stanford Research Institute report titled ‘Sources, Abundance, and Fate of Gaseous Atmospheric Polluters’ was the first to officially suggest that “rising CO2 levels could bring about climatic changes like temperature increases, melting of ice caps and sea level rise.” After the most heavily polluting half century in human history we now know that to be true. In a 2014 report, the International Energy Agency estimated that the world needs to spend $359 trillion between then and 2050 to avoid catastrophic climate change – that’s almost $11 billion per year. Global investment to address climate change that year was estimated at $388 billion, that figure increased to a record $437 billion in 2015, before dropping to $383 in 2016. Figures were more positive in 2017 with $410 billion but still 25 times less than we should be spending to “save the world.” To address this, a group of the world’s richest people […]

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