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Innovations to fuel the economies of the future

Globally we produce electricity from a diverse range of energy sources, from fossil fuels such as coal, oil and natural gas, to renewables such as solar, wind, hydro, geothermal, and biomass.  Finally nuclear energy hovers as an alternative with its own risks that belongs in neither camp. The problem is that there isn’t one energy source that can be described as clean, reliable, safe and economically viable. We are unable to cut our dependence on fossil fuels to provide base load energy to power our current and future economies. Michio Kaku, theoretical physicist and futurist states the attraction of fossils fuel succinctly: ‘pound for pound oil and coal contain the most energy in a convenient form than any other energy source on the planet. This is due to the fact it is essentially highly concentrated amounts of sunlight compressed and refined over generations, it pollutes like hell but is very efficient.’

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