It Consumes Half the Energy Produced by Mankind
Every year, humanity produces over 25,000 TWh of electricity.
That's a number so staggering that just imagining it is almost impossible. So we have to express it in familiar terms just to get an idea of its sheer magnitude.
25,000 TWh is about 5,500 times the total annual power output of the Hoover Dam, which alone accounts for more than 1.3 million households across the states of Arizona, Nevada, and California.
This energy keeps our world, and everything in it, running — from the rechargeable batteries in your smart phone all the way up to the constant flow of power that keeps your lights on, your TV glowing, and the pumps at your local water utility churning.
There's nothing surprising about all that; we are a world with over 7.5 billion inhabitants after all.
What is surprising — shocking, even — is that a full 50% of this energy is consumed by one single mechanism.
Just think about that: Half of all the electrons flowing out of the world's coal, nuclear, and hydroelectric plants; flowing from its solar and wind farms... all goes into one type of device.
Of course, there are millions of these devices out there. They range in size from tiny (in fact, there's one in your cell phone)... all the way up to units the size of a house.
At their core, however, they're all basically the same. The same components, the same design.
There's One Within Arm's Reach Right Now
The device I'm talking about is the electric motor, a very simple machine that's been with us for almost 200 years now thanks to British scientist and inventor Michael Faraday.
Today, electric motors run our world. They're the tiny mechanisms that make your smartphone or smart watch vibrate. They're the giant whirring machines that propel the world's biggest sea-going vessels across the oceans... and they're everything in between.
They keep our water running. They keep the air in our buildings flowing. Without them, society would grind to a halt in an instant.
Which makes the next fact I'm about to present all the more eye-opening.
Since Faraday's first prototype in the early 19th century, electric motors have gone through almost no design changes.
They were conceived as a copper wire-wrapped spool within a magnet-lined housing, with power going in one end and an axle spinning at the other.
Today, despite their vast spectrum of sizes and power requirements, they remain the same: just various-sized models of the original.
It's mind-boggling, to me at least, that such a vital piece of our global infrastructure has gone for 20 human generations without a major overhaul.
Even those state-of-the-art electric motors that propel the latest Tesla models from zero to 60 in less than three seconds all carry the same DNA as the original.
Of course, with such a long, uninterrupted history, design flaws are going to surface.
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A 200-Year-Old Problem
Modern electric motors have inherited plenty of imperfections from their 19th century ancestors — imperfections which lead to spectacular failures of 21st century proportions.
When electric vehicles go up in flames, when massive wind turbines catch fire, when failures on small and grand scales shut down essential equipment, more often than not, the electric motor is at the heart of that failure.
One of the problems with traditional electric motors is their relatively narrow range of optimal rotational speed. Spin the motor faster or slower than this optimal speed, and the result is a loss of efficiency.
Lost efficiency means lost power, more resistance, more heat, and a higher chance of a breakdown.
Up until now, this has been an accepted part of the equation. And with no second generation alternative, we've been quietly, contentedly living with these shortcomings.
But today, all of that is about to change.
That second generation alternative, the long-awaited successor to Faraday's original design, is finally here.
Taking advantage of artificial intelligence, this first-ever evolution of the original electric motor does something never before possible: It precisely regulates the amount of charge going into the all-familiar copper coil.
Managing this flow of current, engineers have found a way to achieve optimal power output at a variety of motor speeds. The result: less electricity consumed for more power created. More efficiency. Fewer breakdowns. Longer service lives.
Up to 8% more efficiency, in fact, for motors equipped with this revolutionary technology.
For a device that consumes 50% of all the energy produced worldwide, that's a game-changing technology if ever there was one.
Now for the biggest shock of the day: The patent that protects this technology isn't the property of some giant tech company. Google doesn't own it. Tesla doesn't own it. Jeff Bezos doesn't have a hand in it.
Will This Be the Investment of the Century?
Instead, a small, almost-unknown company based in British Columbia owns the patent and all of the rights that come with it.
As you read this, this technology is getting licensed to third-party companies and is already finding its way into consumer products.
Electric bicycles were first. Then came electric boats. Before long, you'll see this innovation installed in electric cars, high-speed trains, and eventually, everywhere else.
That makes every traditional electric motor on the market today obsolete. Every Tesla, every Toyota and Mercedes electrical vehicle, they're all just big, shiny, expensive relics now.
And you'd better believe that those companies will be scrambling to get their hands on the technology.
In the coming years, the company behind this tech will change the world.
Which makes today the best time to learn all you can about it.
Fortune favors the bold,
His flagship service, Microcap Insider, provides market-beating insights into some of the fastest moving, highest profit-potential companies available for public trading on the U.S. and Canadian exchanges. With more than 5 years of track record to back it up, Microcap Insider is the choice for the growth-minded investor. Alex contributes his thoughts and insights regularly to Wealth Daily. To learn more about Alex, click here.
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