30 March, 2024

How the Gas Turbine Conquered the Electric Power Industry

https://www.construction-physics.com/p/how-the-gas-turbine-conquered-the

This then points to a fundamental challenge of technology development. Technology improves in incremental steps over many decades (or centuries). There needs to be some way to fund that development over that period of time. In many cases, the market can address this, but if the technology is competing with an existing, superior solution, this is more challenging, even if the long-term prospects of the technology are brighter.