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Nanotechnology and Our Energy Challenge  23

        electricity is storing it. Approaches that entail production and storage
        of electricity on a vast scale are daunting, but technologies could be
        developed to attack the energy storage problem locally, at the scale of a
        house or small business. A local storage based system would allow users
        to buy energy supplies off the grid when supplies are cheapest, unlike
        the current centralized plant system where almost twice as much gen-
        eration capacity is needed to fulfill peak time demand.
          One vision of such a distributed storage/generation grid for 2050
        includes a vast electrical continental power grid with over 100 million
        asynchronous local storage units and generation sites, including private
        households and businesses. This system would be continually innovated
        by free enterprise, with local generation buying low and selling high to
        the grid network. Optimized local storage systems would be based on
        improved batteries, hydrogen conversion systems, and flywheels, while
        mass primary power input to the grid could come from remote locations
        with large-scale access to cleaner energy resources (solar farms,
        stranded natural gas, closed-system clean coal plants, and wave power)
        to the common grid via carbon nanotubes, high-voltage wires that min-
        imize loss. Excess hydrogen produced in the system could be used in the
        transportation sector, and excess residential electricity could be used to
        recharge plug-in hybrid electric vehicles. Innovative technological
        improvements in long distance, continental power grids that could trans-
        port hundreds of gigawatts over a thousand miles instead of a hundred
        megawatts over the same distance would permit access to very remote
        sources, including large solar farms in the deserts, where local storage
        can be used as a buffer. Remote nuclear power sources could be located
        far from populated areas and behind military fences, to address prolif-
        eration concerns. Clean coal plants could be located wherever it is
        convenient and economical to strip out and sequester the CO 2 .
          To Richard Smalley, breaking down the electricity issue to the local-
        ized level was a critical part of creating new energy solutions. He noted
        in his energy lecture.
            When we are trying to find a way to store electrical energy on a vast scale,
            as we generally need energy in gigawatt power plants, there are very few
            options that one can imagine on that large scale for energy storage. But if
            you imagine attacking the energy storage problem locally, at the scale of a
            house or a small business, the problem becomes vastly more solvable
            because there must be many more technologies that are accessible at the
            smaller scale. As a scientist, I would rather fight the battle of energy stor-
            age locally than on huge centralized scales.
          Under a change of approach toward distributed energy and localized
        residential storage, reliability of the electrical grid becomes less impor-
        tant. The local residential and business sites can determine what period
        of time they want to be buffered by the grid and when to rely on storage.
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