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The Evolution of Power Business Models
Power: Every evolutionary story has a point of origin, and for the modern electric utility industry, that point began with invention of the practical lightbulb in 1878 by Thomas Edison. To spur demand for the novel invention, Edison eventually developed an entire power system that generated and distributed electricity. But while the concept caught on in several cities in the early years, owing to exorbitant costs, power companies rarely owned several power plants.
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