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How the Decentralisation of Energy Will Make the World a Greener Place

The concept of decentralisation has been made popular in recent years thanks to cryptocurrency. It seems everything is becoming decentralised and disintermediated these days. And that's a good thing for the end-consumer. They don't need to be charged by middlemen to receive services from the end service provider, nor is their counterparty risk if you're forced to trust a third party intermediate between you and the service provider.

Actually, "decentralisation" isn't a phenomena exclusive to cryptocurrency - it's actually something that's been emerging in the renewable energy sectors for some time now: decentralised energy sources.

Economies are centered heavily on big scales and large volume output. It all makes sense from an economic standpoint, and this enterprise model essentially hasn't changed during the last two centuries. All the same, in some markets, the large scale in and of itself is causing pain - a good example being power supplies. Due to power sources being more centralized over a long time to less and less primary suppliers, we have witnessed that these few companies have too much control with the broader economy overall. For instance, should the UAE increase their oil costs, other countries have no option but to pay more.

Because of this I'm a giant advocate of decentralising power supplies, even to the point of each residential and commercial property having the ability to supply its own power totally, or at least be far less reliant on the national power grid. From solar energy to wind power to biomass power, there are a lot of methods to produce power on a smaller scale that can fulfil reasonable demands. Even when there's a power shortage, the home can nonetheless rely on the national power grid to provide energy - but the truth that it can also generate its own energy means the property owner could have much cheaper power costs and have a lot more independence also. There are lots of methods to discover more in regards to alternative power supplies thanks to the internet.


Article kindly provided by ppsfinancial.ie

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