The relatively recent shift toward using nanotechnology with respect to the capture, transfer, and storage of energy has and will continue to have many positive economic impacts on society. The control of materials that nanotechnology offers to scientists and engineers of consumer products is one of the most important aspects of nanotechnology and allows for efficiency improvements of a variety of products. More efficient capture and storage of energy by use of nanotechnology may lead to decreased energy costs in the future, as preparation costs of nanomaterials becomes less expensive with more development.