http://www.insidebayarea.com/ci_16517629?IADID
Lord, lord, not only future job loss but also present.
And another 535 million pissed down the toilet, but hey at least an Intel CEO got to show off his talent.
Solyndra Inc., the high-flying solar panel maker once touted by President Barack Obama as a model for a green energy future, said Wednesday it has scuttled its factory expansion in Fremont, a move that will stop the company's plans to hire 1,000 workers.
Solyndra said it will also close an existing factory in the East Bay. That will leave the company with one Fremont factory, a new plant visible from Interstate 880.
The company's problems raise questions about the federal government's wisdom in giving $535 million to a company with an unproven technology," Mehta said.
Showing posts with label Green energy. Show all posts
Showing posts with label Green energy. Show all posts
Thursday, November 4, 2010
Thursday, April 8, 2010
Too Green too Soon?
http://www.dailyfinance.com/story/too-green-too-soon-renewable-power-may-destablize-electrical-g/19426714/
Well Ollie, heres another fine mess you've gotten us into.
The ineptitude of the elite seems never to run dry.
Renewable Power May Destabilize Electrical Grid
Boy, that was fast. Only five years into the world's renewable energy push, many utility companies are so concerned about grid instability that they're saying they can't accept any more electricity from intermittent sources of power. Translation: Solar power only runs in the day time and can't re relied on for so called "baseload" capacity. Wind power primarily produces current at night and, likewise, can't be relied upon for baseload capacity. Geothermal, meanwhile, is perfect for providing baseload. But geothermal projects take an excruciatingly long time to build out. And then there have been the recent spate of earthquake scares around geothermal sites.
The upshot: Utilities such as Hawaiian Electric in President Obama's home state are voicing concerns about plans to integrate more solar and wind power into the grid until they develop methods to more effectively absorb intermittent sources of power without destabilizing the whole shebang. In Europe, Czech utility companies are concerned that "feed-in tariffs," which require power companies to repurchase all home- and business-generated renewable power at elevated rates, might wreak havoc on the Central European grid.
This growing push-back from utilities could prove to be shock to energy project developers, lawmakers and homeowners
See full article from DailyFinance: http://srph.it/dAoxAj
Well Ollie, heres another fine mess you've gotten us into.
The ineptitude of the elite seems never to run dry.
Renewable Power May Destabilize Electrical Grid
Boy, that was fast. Only five years into the world's renewable energy push, many utility companies are so concerned about grid instability that they're saying they can't accept any more electricity from intermittent sources of power. Translation: Solar power only runs in the day time and can't re relied on for so called "baseload" capacity. Wind power primarily produces current at night and, likewise, can't be relied upon for baseload capacity. Geothermal, meanwhile, is perfect for providing baseload. But geothermal projects take an excruciatingly long time to build out. And then there have been the recent spate of earthquake scares around geothermal sites.
The upshot: Utilities such as Hawaiian Electric in President Obama's home state are voicing concerns about plans to integrate more solar and wind power into the grid until they develop methods to more effectively absorb intermittent sources of power without destabilizing the whole shebang. In Europe, Czech utility companies are concerned that "feed-in tariffs," which require power companies to repurchase all home- and business-generated renewable power at elevated rates, might wreak havoc on the Central European grid.
This growing push-back from utilities could prove to be shock to energy project developers, lawmakers and homeowners
See full article from DailyFinance: http://srph.it/dAoxAj
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