“Industry’s goal is not to deploy the most innovative or the greenest technology. The goal is to make money” says MIT alumnus and DoE under secretary for science, Steven E. Koonin.
As someone with a long academic background he postulated the issue in the form of a simple syllogism:
- Almost the entire energy industry, with only a few exceptions, is in the hands of private industry;
- Industry’s primary goal is a legal and predictable profit;
- Therefore, innovation in the energy supply will only reach a significant scale when it is profitable or mandated.
Read the rest of the MIT news article here and let us know what you think.
