Remove Cheap Remove Coal Remove Purchase Remove Solar
article thumbnail

Perspective: Despite Solyndra’s death, the future of solar energy is sunny

Green Car Congress

by Steven Pleging, CEO/President of Quantum Solar Power Corp. I believe that the loss of industry players Solyndra, Evergreen, and SpectraWatt opens the market for more innovative solar companies to succeed with smarter tactics and mainstream products that fit into existing manufacturing models.

Solar 246
article thumbnail

Heating Buildings With Solar Energy Stored in Sand

Cars That Think

When we turn up the heat in our homes and workplaces, we must balance our personal need for warmth with the global impact of burning fossil fuels like oil, gas, coal, and biomass. The electrical grid also supports the efficient distribution of power and makes use of energy generated through renewable means like wind and solar.

Store 89
article thumbnail

Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year

Green Car Congress

During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. Coal still supplies more power in the US than anything else, with natural gas next. The arithmetic is pretty simple. Click to enlarge.

Solar 150
article thumbnail

UK power crisis – entirely the fault of regulators and ministers

EV Info

Solar also generates a good share of the power generated when the sun shines. We have closed most of the coal plants and several the aging nuclear plants are moving offline as they close for repair of reach end of life. Why, simple the US embraced Fracking to produce bountifully supplies of cheap gas. Nuclear 15%. Biomass 5%.

Power 98
article thumbnail

Naysayer Alert – the hydrogen red herring

My Electric Car

The energy stored within hydrogen has been imparted from electrical energy through the electrolytic hydrogen production process or more likely in the refinement of fossil fuels such as coal seam (methane) gas – both are energy intensive processes in themselves. . The reasons are numerous. .

article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Auerbach adds that due to economies of scale and over capacity in the industry “ wind energy should have a 20% reduction in equipment costs within the next year ” and he has seen realistic projections of “ solar, with a 10% tax credit, being competitive with baseline generation in 2020 ”. Cap and Trade Disappointment.

Financing 150
article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

They think BYD has a shot at becoming the worlds largest automaker, primarily by selling electric cars, as well as a leader in the fast-growing solar power industry. His engineers investigate a wide array of technologies, from automobile air-conditioning systems that can run on batteries to the design of solar-powered streetlights.

BYD 62