Economic theorist and author Jeremy Rifkin explains his concept of The Internet of Things. Rifkin's latest book is The Zero Marginal Cost Society: The Internet of Things, the Collaborative...
========== Well, we're all familiar with the first Internet,
the communication Internet. We've been on it for 24/25 years most of us. We use the
Internet all the time to communicate and send information. The energy Internet is very,
very new. It's now actually being built out in places like Germany, in Denmark and across
Europe so it's no longer academic. Here's how it works. We are moving toward renewable energy across
Europe. We have millions and millions now of buildings, homes, offices, factories, retail
stores that have been transformed into micro power plants and they are producing their
own green electricity on site, solar panels on the roof, vertical wind on the property,
geothermal pumps for energy underneath the ground, bio converters to co...