Yesterday’s Thomas Edison and J.P. Morgan To Solar Power Today

This article was first published on Medium. By Billy Parish, Co-founder of Mosaic The first person whose home blazed with electric light was J.P. Morgan. The financier also owned the first business lit with incandescent bulbs. In the latter case, Thomas Edison himself was on hand to flip the switch. Edison needed funders like Morgan, and later the Vanderbilt Family, because he was launching an endeavor that required huge capital expenditures. He was establishing the groundwork for the electrification of a planet, and to accomplish his goals he needed big finance. Fast forward to the present: J.P. Morgan Chase is now the world’s second largest financial company, General Electric is the world’s third largest company of any kind, and the U.S. electric grid is the largest machine ever built. Our energy system and our financial system have always run in tandem. The two grew up together and they have played off of each other to become history’s largest and, arguably, mos…
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