Ask AI: Suggest a business aimed at bringing a new revolutionary form of renewable energy in to existence and could change the world

Business Name: "Quantum Nano Energy Innovations" Business Idea: This business would focus on developing and advancing an innovative form of renewable energy, leveraging Quantum Mechanics and Nanotechnology. The piece de resistance here would be the creation of Quantum Solar Cells. Quantum Solar Cells: Traditional silicon-based solar cells have a theoretical efficiency limit of 34%. To surpass this limit, Quantum Nano Energy Innovations would focus on developing quantum solar cells. These cells utilize the fascinating properties of quantum dots to convert solar energy into electricity. These quantum dots can produce multiple electron-hole pairs from a single photon, a process known as multiple exciton generation (MEG). This could potentially double the efficiency of solar cells. Nanotechnology: Additionally, the use of nanotechnology could allow for major advancements in energy storage, with the goal of developing highly efficient, and compact, batteries that can store a vast amount of renewable energy. A goal could be to produce nano-enhanced Lithium-Sulfur (Li-S) batteries which have five times the energy density than that of Lithium-Ion batteries. Biodegradable Solar Panels: Quantum Nano Energy Innovations could also strive to manufacture biodegradable solar panels using organic photovoltaic cells. These cells use organic electronics to generate electricity, minimizing the environmental impact of traditional solar panels. Market Impact: If successful, Quantum Nano Energy Innovations could revolutionize the renewable energy industry by producing solar cells with the potential double efficiency, cutting the size of energy storage, and greatly reducing the environmental toll of solar panels. All these changes could make renewable energy more affordable and accessible worldwide. Social Initiative: As part of the business model, the company could also establish an educational initiative, providing resources and funding for research in renewable energy at educational institutions. This social initiative could foster the next generation of renewable energy scientists and engineers, ensuring continued progress in the field. In essence, the proposed business aims to revolutionize the renewable energy sector by harnessing the power of quantum mechanics and nanotechnology. It is an ambitious idea that balances profit-making with environmental responsibility and a commitment to education.