A small US company named EEStor is rumored to be working on a new ultracapacitor to replace batteries. A major investor
with a solid record of picking winners has recently announced major funding of them. A Canadian company has contracted
to build electric cars based on their patented device. It promises to be much more powerful than any battery ever developed.
What's the big deal about this? If this ( or any similar device) pans out, the WHOLE WORLD will undergo a huge social,
economic and political upheaval. Why?
Well, the problem of storing huge amounts of electricity in a small package, cheaply and efficiently has never been solved.
If someone were to build a really good battery, it could:
radically drop the US trade deficit
cause a stock market crash as oil and gas plunge in value
cause upheaval in Arab/oil producing countries
possibly end concern about pollution and global warming - and wreck some public utilities
decentralize electrical generation and alter society thereby
do away with gas/diesel powered cars.
One really good battery could do all that and much more. Stay tuned......