In 2011, Nest launched its smart thermostat, an early instance of an internet-connected device that collected and shared data to help homeowners make decisions about their energy use.
Thermostats were quickly followed by wireless video cameras like Dropcam and voice-assisted technologies like Amazon’s Echo, an in-home device that increased demand for other conveniences with embedded sensors.
Now sensors are being deployed to harness data in everything from light bulbs to appliances to cars to security devices. All these new devices with data-collecting sensors are “things” being added to what technology experts refer to as the Internet of Things, or IoT.
Business Insider’s 2020 Internet of Things Report surveyed 400 IoT decision-makers who estimated there will be more than 41 billion IoT devices by 2027, up from around 8 billion in 2019.
But there is a huge bottleneck that will limit the expansion of IoT: power.
Batteries cannot power future sensor networks in trillions of devices. The materials to produce batteries are scarce, and replacing batteries creates monumental maintenance costs. Even if every battery lasted five years, which is a generous estimate, a trillion battery-powered sensors would require nearly 550 million battery replacements worldwide every day.

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