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Electronics [Dec 5, 2008]

“Electricity will be the main shortage of the future.” – Dr. Richard Smalley, Nobel Laureate.
The electric industry in the United States is in terrible shape. We should expect local and regional brownouts and blackouts to become common occurrences “within five years,” reports a senior faculty member from Carnegie Mellon University. Few utilities want to take political, regulatory or financial risks. In such an environment the long-range planning cycle has been broken. It is almost impossible to decide what to build and at what scale.

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