"I have long felt that an investment by the Department of Energy of a million dollars a year for the next 30 years would pay a higher return than any other investment this country could ever make"

Wilson Greatbatch, a developer and engineer known for his contributions to the development of the implantable heart pacemaker, revealed a forward-thinking point of view with this quote. By recommending that the Department of Energy invest a million dollars yearly for 30 years, Greatbatch is emphasizing the transformative capacity of sustained investment in energy research study and advancement. His statement shows a belief in the long-lasting advantages and high returns that could emerge from purchasing energy innovations.

Greatbatch's proposal suggests that energy research has the possible to yield significant developments that might surpass the returns of other financial investments. At the time of his quote, it was most likely notified by the context of the ongoing energy difficulties and the need for sustainable, dependable, and cleaner energy sources. His idea recommends a 30-year financial investment horizon, highlighting the requirement for patience and dedication in the advancement of groundbreaking innovations, which often need comprehensive research before tangible outcomes are seen.

The focus on the Department of Energy highlights the role of government in spearheading and assisting in research study initiatives that might be too risk-intensive or long-lasting for economic sector individuals. Federal government financial investment can drive progress in locations like alternative energy sources, energy efficiency, and storage solutions, all of which are essential to meeting future energy demands and addressing environment concerns.

By conjuring up a "higher return", Greatbatch is looking beyond mere monetary gain. He likely visualizes societal and ecological advantages, such as minimized dependency on nonrenewable fuel sources, increased energy security, and mitigation of climate modification effects. Such outcomes might lead to enhancements in public health, economic stability, and nationwide security, thereby supplying a return on investment that transcends typical financial metrics.

In essence, Greatbatch's quote is a call to action for forward-thinking energy policy and strategic investment to unlock future possibilities, echoing a long-lasting belief in human resourcefulness to fix pushing global issues through commitment and visionary financial investment in science and innovation.