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The Grid of the Future: Cloud Computing
Nextgov: For what must have been a frustrating moment in the Venn diagram of history, Americans could buy light bulbs but not the electricity to power them.
As early as 1878, Americans could order bulbs from the Edison Electrical Company, but it wasn’t until 1882 when Thomas Edison built his Pearl Street Station in lower Manhattan they could actually toss their private generators at the curb and connect to a shared power grid. With the innovation of a grid, the per-unit cost of electricity dropped from the combined effects of comparative advantage, pooling and economies of scale.
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