Jan 3 (Reuters) – Despite gloomy headlines from Europe over
the past year, a new technology mash-up is emerging that could
spark some exciting ideas for investors.
There is long-term growth in convergent technologies that
integrate the Internet, green transportation, building-based
micro-power plants and power distribution into a collaborative
worldwide grid, according to author and consultant Jeremy
Rifkin, founder of the Foundation on Economic Trends.
It is a development trend that stretches into the next
decade and is worth investing in right now, said Rifkin.
Rifkin calls this synergistic movement the “Third
Industrial Revolution,” which is also the title of his latest
Under Rifkin’s “five pillars” plan, energy would be widely
distributed in much the same way information is sent through
the Internet. This system would be intelligent, sending power
where it needs to go. If it’s designed efficiently, it will
lower the cost of electricity for everyone, create jobs, reduce
our reliance upon fossil fuels and aid development.