Emerging role of photovoltaics for sustainably powering underdeveloped, emerging, and developed economies

With the advent of low-cost solar photovoltaic (PV) panels and our ability to generate, store, and use electrical energy locally without the need for long-range transmission, the world is about to witness transformational changes in electricity infrastructures. The use of DC electricity enhances systemwide efficiency. DC microgrids and nanogrids powered by solar PV systems and gigawatt batteries for electricity storage can sustainably power the needs of all human beings equitably and empower every individual. Ultralarge-scale manufacturing of PV systems and batteries, a vertically integrated business model, and a targeted monetary policy of quantitative easing can rapidly power all human activities.