Renewable energy boom drives up share prices
Renewables Features
By Jean-Baptiste Piggin Apr 13, 2007, 17:36 GMT
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Talkback
page: 1
The renewable energy boom may have apparently gotten another breakthrough
but is unfortunate news to fossil energies. Their persistent commentary for wind generation and solar has always been,
'When the wind stops blowing and the sun goes down, you still need fossil'.
Not a good time for holding one's breath about that.
I have just gotten off the phone with a friend of mine whom works for a
highly respected utility.
The Vanadium Redox Battery is for real. Over in Ireland, a working model is being tested which stores an incredible * two megawatts for discharge over 6 hours * You certainly can have more than several of these per 2 megawatt wind generator. These are the reasons, it seems to me, that coal-fired generation interests in the private sector are rushing (over a cliff it seems to me), to scare up political and market support to get approvals for as many coal fired power plants as possible.
Excepting that they are in a 'free market', and, if and when it costs about the same for you to 'choose' your power provider, then, it does not look at all good for fossil-fuel generated electricity.
If I were investing in anything, it most certainly would not be anything at all related to fossil fuel.
As bleak as has our environment been reported, these new breakthroughs are the bright spot on the horizon. But we must still reduce power usage. I have been giving away 100 watt compact florescent bulbs (and explaining why), and, I am met with deep respect and complete attention every time. Some folks are somewhat scared about the pending environmental changes, and I am aghast at the haughty advertising that coal interests are barraging TV stations with here in Austin TX. I see this as their last gasp before all the changes must take place.
They should not build those plants, here in Texas, Germany, or anywhere else, if they know what is good for them literally-financially, as they all *very* well know! Coal plants will need to be decommissioned in the not-too-distant future.
Thank you for reading my comment.
Your friend,
Dan Petit.
page: 1
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