For most of human history, currency was a direct claim on tangible, productive output. Before the abstraction of government fiat or cryptocurrency, value was stored in things that required real work and resources, bushels of grain, livestock, gold, assets with their own direct productive output: horses, and tragically, slaves.

These were the foundational assets of economies, representing a direct link between labor, resources, and stored value.

As we accelerate into an all-electric, all-digital age, this fundamental link is re-emerging, but with a new unit of account. The 21st-century economy, defined by automated industry, robotic, electric transport, and now power-hungry artificial intelligence, runs on a single, non-negotiable input: electricity. In this new paradigm, the real base currency, the ultimate representation of productive capacity, is the kilowatt-hour (kWh).

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EQORE, a distributed battery storage startup based in Somerville, Massachusetts, has raised $1.7 million in seed funding to help industrial buildings tackle rising electricity costs. The round was oversubscribed and includes backing from the Massachusetts Clean Energy Center (MassCEC), Henry Ford III of Ford Motor Company, and Jonathan Kraft of The Kraft Group.

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Britain’s wind turbines set a new wind generation record, generating an impressive 22.7 gigawatts (GW) at 7:30 pm on November 11. That was enough electricity to power 22 million homes, the National Energy System Operator (Neso) said.

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Tesla has officially deployed its first Supercharger station owned by a third party in the US, a step in the automaker’s effort to accelerate the charging infrastructure growth while reducing capital expenditure.

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