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The Future of Power and Transport Markets Is Decentralization

Millions of solar generation systems and battery systems will be individually owned

Solar panels on the outskirts of Alwar, Rajasthan, India.

Solar panels on the outskirts of Alwar, Rajasthan, India.

Photographer: Anindito Mukherjee/Bloomberg

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Over the holiday I spent as much time outside as possible, and as little time in front of screens as I could. As I start up 2022 screen time, there are a few announcements of note in the world of transport and electricity that get me thinking about the year (and years) ahead. They range wide, but point to two things: a massive scaling up of clean electricity and electrified transport, and a concurrent decentralization of both at the same time. The implications of the latter are fascinating, but first, the scaling.