Localisation is a possible theme for the 21st century. Power production will be among the many utilities that are affected by the localisation wave. Distributed systems will continue to play a role, but networks and many other forces will combine to see the rise of localisation on a world wide scale.

At some point 16% of the worlds dwellings will have their own energy production, then ultimately every building material will incorporate solar with wind generators powering a lot of other needs.

Mass waves from railways to automobiles and on to dot com have always had many players. There are more loosers than winners. A lot of solar companies will fail, vigilance is required, identifying the me-too players from those with real potential is important.

There are real risks investing in tech companies

• number one is being superceded by technology innovation
• number two is commodisation.

STP and GE are my current alternative energy picks. FSLR has fallen in price, it is speculative stock. The still high multiples leave a lot of possible downside. Great earnings last quarter I’ve been told.

What other industries stand to profit from the localisation wave?

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