I can't stop thinking about this chart.
Wind and solar have become the cheapest energy source. This is crazy!
This tingles my entrepreneurial spider senses. Read on for my thoughts ...
If coal, oil and gas are the Facebooks and YouTubes of the energy world, then renewables are TikTok.
16% YoY growth 😱
(Remember this is the real world we are talking about. Like hardware and stuff)
As an entrepreneur I think: What are the problems here to be solved?
First: Energy storage.
Check out how much consumption changes throughout the day. Currently coal/oil power plants are needed to fill the gaps.
But batteries are the future. Store sun energy from 10 AM for use at 10 PM.
Second: Smart grid.
You remember all the hype about decentralized stuff in crypto? Yes, the energy grid needs that too.
Energy goes from big centralized to small decentralized.
Third: ???
I don't know ... yet. But I want to find out.
I thought of building my own wind generator just to find all the little unsolved problems in the process.
But that's like $4M ... I have to hustle some more first 😆
This is my moonshot project now!
Renewables are one of the biggest opportunities of our lifetime. And also one of the best solutions to climate change.
It's a worthy cause. I'm in!