Electric Cars are going mainstream and investment space around them is getting crowded. Warren Buffett is backing BYD with its lithium dreams and now guys from Google are doing their part going further after investing in Aptera and driving Teslas.
All we need to do is to take our Energy Diet out from the Oil Needle and into the technology space - guys from the Silicon Valley will make the progress for Electric Cars smart, fast and unimaginable to us today. We need to channel all frustrations in the corrupt financial system into the new technological Industrial Revolution based on Alternative Energy. Electric Cars will be a very important driver for this movement. We can not sustain our lifestyle addicted to Oil any more. Fuel Riots and Food Strikes in U.S. can be a reality with Oil pushing people into the corner. Stop the Oil Servitude and do your part - now you have the choice.
"Electric Cars are coming on our streets and utility companies are getting ready to charge our future. All naysayers will be proven wrong in the end - we could only dream about the numbers of Electric Cars to be on the streets when they will put sizable constrain on the existing grid! This time will come and it will be matter of technological progress and investment into the smart grid to accommodate the new demand for electricity and flexible grid management.
It is a manageable task and presents an investment opportunity on its own. Who are the big players here - corporate "cream de la cream": GE, Google, Siemens, SAP, ABB and utilities companies world-wide amongst others. We are confident that they will manage to make electricity available for our Electric Cars in time.
Electricity could be produced from the number of sources, some of them could be renewable and their share will increase dramatically in the years to come - Oil comes from depleting source and can not sustain our Energy diet any more."
The practice could be used for solar panels, data centers, laptops, cell phones, hybrid and electric cars and much more.
The key part of this technology is the use of the semiconductor material gallium nitride (it’s the same material used in LED lighting), instead of silicon. Transphorm CEO Umesh Mishra said at the event, reportedReuters: “The current solution, which is based on silicon, is a solution which has reached its limit in high voltage power conversion. We can’t eke out any more efficiency out of this technology. The time is now to do something different and to impact the 10 percent of wasted energy that occurs in power conversion.”