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It might be tempting to see wearable digital devices such as Google Glass as just the latest fad. In fact, they represent a more profound change that is reshaping major industries: the rise of the Internet of Things and the mobile Internet. All told, these two advances could create nearly $11 trillion in overall economic benefits annually by 2025.
Advances in battery technology have the potential to shape global demand for fossil fuels, increase the use of renewables in the electric grid, and bring reliable electric power to millions of the world’s poorest. All told, the economic impact of better batteries in the next 12 years will be almost equivalent to the current GDP of Saudi Arabia.