Nanocrystal Electricity sounds like some bizarre term you hear on "Star Trek," but it is less complex than its name implies. And the market for this technology is on the verge of booming.
What Is It?
Nanocrystal Electricity is the radiating of power through nanocrystals. More simply, it uses nanocrystals, which are crystals that can be as small as one-millionth the size of an ant, to amplify a frequency that is capable of powering a device.
Traditional electricity needs a conductor to get to where it is supposed to go. Batteries use liquid within an enclosed case to conduct electricity, while outlets allow a device to draw power from a building's infrastructure or a generator.
With Nanocrystal Electricity, the power received from either batteries or an outlet would be readily available in the air. It becomes a wireless power source. The future could look something like this: You're in your home office with a cellphone, computer, clock, desk lamp and wearing your wristwatch. You wouldn't need a single plug-in, cord or battery in that office. The computer, phone, clock, lamp and watch all would draw their power or charge their internal battery from Nanocrystal Electricity.
Pros and Cons
- One of the greatest positives of Nanocrystal Electricity is that it could, one day, be a universal power supply. It could replace outlets and chargers all together.
- Internal batteries will still be necessary, as the charge they have powers devices for extended periods of time. Those batteries, however, could get their charge from Nanocrystal Electricity.
- Nanocrystal Electricity is still in its infancy and will require more research and development before it becomes a reality.
- In order for it to become universal all devices would need to be outfitted to receive power from the frequency that resonates from nanocrystals.
To Invest or Not to Invest
Making the decision to invest in Nanocrystal Electricity is a tough decision. On the one hand, the ceiling is seemingly limitless. But on the other hand, the obstacles seem just as limitless.
According to market research the nanocrystal electricity market is expected to balloon from its current $3 billion valuation to a worth of more than $37 billion in just a few years' time. The gains in later stages could be even greater, as electricity accounts for 40 percent of an annual $1.2 trillion in energy expense in the U.S.Those possible gains, however, are countered by the immense difficulty in outfitting all devices to receive charges from nanocrystal frequencies.
If the estimated 30 billion devices could be outfitted to recieve Nanocrystal Electricity, then the technology could be worth more than $1 trillion.
For now, investing in the new technology really depends on the risks you are willing to take. As with most high risk investments, the greater the risk, the greater the payoff.
What do you think? Is this a viable option for the future of electricity?
Feature image source: advaoptical.com