The answer is yes – off-grid is the future, and the only way to bring electricity to all by 2020.
Sohail is a firm believer that the solution to climate change lies in new technology, and has applied new technology to many ADB projects as an energy specialist since 2001 in Afghanistan, Cambodia, PRC, India, Indonesia, Malaysia and Mongolia, among other Asian countries. With an academic background in engineering, business and entrepreneurship, before joining ADB he worked on wholesale electricity market design, pricing regulation, energy efficiency and demand management for the state power utility and independent regulator in Melbourne, Australia.
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ADB recently approved new funding to demonstrate the technical and financial viability of this new technology combination in the CAREC region.
Those that still question the need for technology leapfrogging in development need to know if we continue to use camel-era technology on the highway, we may get hit by fast cars that have embraced innovation.
We need to start adopting the electric car en masse at the bottom of the income pyramid in the region if we want to achieve real transformation in the clean energy sector.
To address today’s development challenges, we need courage and innovation from young, inexperienced experts.
With ADB support, the Philippines became in 2010 the first Asian country to phase out inefficient incandescent light bulbs. Most countries in the region followed suit, and now these bulbs are barely used because the market won’t buy them anymore.
New technologies such as lithium-ion batteries, LED lights and rooftop solar power are changing the way electricity is generated and supplied. We also need less electricity; with energy-efficient lighting and appliances, our electricity needs are reducing every year.
New technology is rapidly changing our lives, and Tesla’s new Powerwall battery could very well become Neil Armstrong's one giant leap for mankind in electricity storage. Here are 10 megatrends that may shape the electricity industry in the next few years.