I’m having lunch shortly with Diane Tegarden, the host of “The Firewalker Flare – A Renewable Energy and Environmental Solutions Talk Radio Show.” Diane is a terrifically sharp and energetic person, and was generous enough to have me on her show a couple of weeks ago.
The podcast of the show, which focused on electric vehicles, is here.
Here’s a continuation of our discussion on geothermal:
There are several U.S. incentives in place that may help expand the geothermal industry:
1) A three year extension of the production tax credit (PTC) making geothermal plants placed in service by December 31, 2013 eligible for the full credit.
2) Extension of the 30% investment tax credit (ITC) to new geothermal projects.
3) $1.6 billion in new bonding authority for Clean Renewable Energy Bonds.
4) Up to $6 billion in loan guarantees for new renewable / geothermal power projects.
Jobs
The Green Jobs Through Geothermal Energy report concludes that the U.S. could significantly bolster levels of employment through expanding the geothermal industry. The report looks carefully at every phase of a geothermal project and the kinds of jobs it creates. It states that more jobs are created than in some energy technologies, but it also employs those from a spectrum of levels and backgrounds, from PhDs to technical “green collar” folks like the drillers, welders and machinists.
A comparative job creation chart from the report is shown below. Comparing Geothermal industry jobs with Natural Gas based on MW produced, sourced from US DOE statistics: (more…)
I often think about how the energy industry’s financial analysts view the fundamentals that apply to market valuations. Just now, I was reading some of the discussion at SeekingAlpha.com on ExxonMobil that attempts to get to the underlying buy/sell recommendations, and I note that the conversation is fairly bullish across the board.
In particular, though there is widespread agreement that the “easy oil is gone,” there is almost no recognition of a concerted move to get off of oil as a civilization. Moreover, the concept of “peak oil” (i.e., that the supply of oil will soon start to diminish) means that the price will soar, and that only companies with the scale of ExxonMobil (vs. the wildcatters of yore) will have the capability to play effectively. But there is precious little talk of the impact of electric transportation, or renewable energy in any of its forms.
I’m trying to figure out what that means. Here are a few points of speculation: (more…)
I thought I’d share this terrific article on how the investor market has changed. It cites the founder of Tesla cars and explains how he got millions in investment, in spite of the current venture capital climate.
You’ll travel a long way to find someone more informed on start-ups. Steve Blank is a serial entrepreneur, an angel investor, and teaches entrepreneurship at Stanford and Berkeley.
Here’s another article by Steve on how to launch a start-up.
A few weeks ago, George Alger, my co-founder at 2GreenEnergy.com, asked me to take a break from my more serious writing and do something a bit whimsical. “What do you have in mind?” I asked.
What he described was a kind of Renewable Energy IQ Test – something that people might like for its entertainment value. “You know,” he explained, “People love diverting little exercises – especially when they can learn from them. Just write 20-or-so questions with multiple-choice answers. I’ll have the programming team put something together where contestants get their scores instantly. It could be kinda cool.” I put something together quickly and shot it back to him.
But is it, in fact, kinda cool? I’ll let you be the judge — and I hope you’ll let us know what you think. In any case, here it is: our Renewable Energy IQ Test.
Geothermal energy is a renewable, plentiful, clean and essentially limitless source of energy that can use a variety of applications. Geothermal is defined simply as heat from the earth. It tends to get less attention than wind, solar, and biofuels, but one myth the Geothermal Energy Association (GEA) says floats around – that the industry is experimental and technologies not widely used – is simply not true.
Geothermal goes as far back as the Paleo-Indian, who first used thermal hot springs. Such district-wide heating projects have been in continuous use since 1892, such as in Boise, Idaho and in Oregon. In 1904, Italy opened the first large-scale geothermal electric plant and it is still operating today. The first U.S. geothermal plant opened at The Geysers in California in 1960, and produces 11 MW of net power, continuing operations today as well. Geothermal power is used in 21 countries. The Philippines derives 27% of its electricity from geothermal sources and little El Salvador gets 26% of its electricity generation from geothermal. However, what is in use today – about 10,715 MW installed — is but a fraction that could be used, and the industry has nowhere to go but up.
When I mentioned 2GreenEnergy’s client Canefields USA in the past, I think I neglected to point out the video on the company’s website, detailing how paper from sugarcane waste is actually made. The world now has access to paper made from carbon-neutral processes that do not come along with bringing down trees. How cool is that?
I suppose I thought that a plant like this in a developing country would look a bit low-tech – but wow, was I wrong. And, even brighter news is that it’s only a matter of time until this technology finds its way to Brazil – and perhaps the US – creating a more sustainable solution for serving the needs of the Western Hemisphere.
A renewable energy surge is happening in New Jersey, and it is focused on solar. Con Edison Development (NYSE: ED) along with Panda Power Funds broke ground on a 20 MW solar electric generating station on October 20th, 2010. Located in Pilesgrove, NJ, the farm will have the capacity to power more than 5,100 homes and will create more than 100 construction jobs.
Construction of the 71,400 panel farm will start in the Spring. New Jersey State Senate President, Stephen Sweeney, said at the groundbreaking: “…This project is proof that our commitment to strong public-private cooperation is a model for success. The future (more…)
I was somewhat surprised at the pushback I received to my recent post suggesting that the PBS NewsHour should not accept sponsorship money from Chevron, as such a relationship could affect PBS’s objectivity in its coverage of the energy industry. A few people asked me in a huff for specific proof that such a relationship has affected NewsHour reporting.
I openly admit that I have no proof. My point isn’t that something unseemly has happened; it is that something could happen. It’s a situation to be avoided — kind of like the late king of pop Michael Jackson’s having young boys sleep in his bed with him (regardless of what happened): it’s just a bad move. (more…)
Fifty-eight percent (58%) of U.S. voters think finding new sources of energy is more important than reducing current energy consumption. And sixty percent (60%) think investing in renewable energy sources like solar, wind and wave energy is a better long-term investment for the U.S. than investing in fossil fuels. These views were revealed in one of the latest Rasmussen polls (October 10th.)
Forty-two percent (42%) believe there is a conflict between economic growth and environmental protection, the highest finding since May. The margin of error is +/- 3% with a 95% level of confidence. Field work for Rasmussen is conducted by Pulse Opinion Research, LLC.
Voters in the Rasmussen poll give mixed results to President Obama for handling energy: forty percent (40%) give him a rating of energy issues as good or excellent, the same as last month, while thirty-nine percent (39%) give him a poor rating.
The number of voters who believe global warming is a serious threat is trending down since last November. 59% today (more…)
