Innovation In Solar Panels, Batteries, EVs May Not Have Big Impact, But Here Is What Makes Them Disruptive

Innovation In Solar Panels, Batteries, EVs May Not Have Big Impact, But Here Is What Makes Them Disruptive

Globally, innovations and start-ups are challenging and disrupting the business-as-usual approaches. Post the Paris Agreement in 2016, the global economy is rapidly moving towards cleaner energy options for sustainable development. In his book ‘Clean Disruption of Energy and Transportation,’ author, thought leader and serial entrepreneur Tony Seba emphasises that currently three innovation-driven trends are transforming the world—exponentially falling prices of solar panels, sharp improvement in performance of batteries, and the rising demand for electric vehicles.

The convergence of these innovations can be massively disruptive for the energy and transportation sectors worldwide. While the pangs of disruption may not be palpable just yet in the Indian context, the waves of disruption are gaining momentum. India’s energy and transportation sectors need to prepare for the change to not only survive the imminent disruption, but to actually gain from it.

Internationally, early movers (China and Tesla) are racing ahead and India needs to catch up fast to remain relevant in the global economy. India’s energy and transportation sectors are primarily dependent on fossil fuels that have serious pollution and energy security issues. Read More…

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