Energy and Transportation Systems: How might Technological Change be Creating New Opportunities in Them?
by Jeffrey Funk: Creating New Industries, Associate Professor at National University of Singapore on Jan 09, 2012
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These slides show how the falling costs of energy and transportation systems have been primarily from increases in scale. Increases in the scale of steam, internal combustion, and jet engines along ...
These slides show how the falling costs of energy and transportation systems have been primarily from increases in scale. Increases in the scale of steam, internal combustion, and jet engines along with steam turbines and other electrical generating plants drove dramatic reductions in the cost of energy in the 19th and early 20th centuries. Similar cost reductions occurred as the scale of locomotives, ships, vehicles, and planes were increased. However, now that the limits to this scaling have been reached and carbon emissions have become a major problem, new sources of energy must be found. Electric vehicles, magnetic levitating trains, and fusion are some of the new concepts that may become economically feasible. Another set of slides addresses solar cells and wind turbines. These slides are based on a forthcoming book entitled “Technology Change and the Rise of New Industries and they are the ninth session in a course entitled “Analyzing Hi-Tech Opportunities.”
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