The Sixth Revolution: The Coming of Cleantech

beacon power flywheel

Beacon Power energy storing flywheel

That’s what Merrill Lynch calls it in an investor’s advisory (PDF), prompting Alternative Energy Stocks to comment that our current times bears resemblance to the opening of Dicken’s A Tale of Two Cities, “It was the best of times, it was the worst of times”

It’s official! Cleantech, the sixth industrial revolution, has arrived on time and in the midst of extraordinary crisis. Like every good revolution, blood is flowing in the streets; the guillotine is en route to Wall Street and the mob is so busy plotting retribution for the excesses of the past that most have no time to consider the future. But as yesterday’s dynasties decay, crumble and fall, a new generation of visionaries is already building on the wreckage of the past. These are indeed troubled times that bear an eerie resemblance to the opening sentence from A Tale of Two Cities.

They then say we got serious work to do, using stored energy devices (batteries and flywheels) as an example of technology that still need major advances to deal coming cleantech innovations like a smart grid.