“…The 280ft turbine situated in a business park near the M4 in Reading operated at just 15 per cent of its capacity year, meaning it generated £100,000 of energy, despite attracting subsidies of £130,000 from the Government. Since 2005, when it began producing energy, the turbine has been subsidised with £600,000 of public money but has run at an average of 17 per cent of its capacity. Figures were published as ministers promised to crack down on the spending of substantial sums on turbines built in areas without enough wind to make a significant saving. The turbine in Reading is capable of generating two megawatts (two million watts) of electricity at any time, but last year worked at 15.4 per cent of this rate, producing 2,692 megawatt-hours (MWh) – the total amount of energy measured in hours – over the year…” Nick Post in Today’s Telegraph 11Feb11
Archive for February, 2011
“Many books and reports rail against mankind’s usage of fossil fuels such as coal, gas and oil because of the carbon dioxide or CO2 that their combustion releases into the atmosphere…. Now, however, comes a book that does just the opposite by describing a host of real-world benefits that the controversial atmospheric trace gas provides, first to earth’s plants and then to the people and animals that depend upon them for their sustenance…” A. Watts, WHWT.com
Here’s the short version: 55 Benefits of CO 2
“…Cleantech companies just can’t seem to get it right. At least, that’s the notion Peter Thiel — a co-founder of PayPal and president of Clarium Capital — subscribes to when he looks at cleantech companies as potential investing opportunities. He made the comments at a Commonwealth Club event in San Francisco Wednesday.
“ ‘ …Most of the people who run cleantech companies are sales people, not engineers,” Thiel said. “Something seems to have gone quite wrong with cleantech.’
“…As a result, most cleantech companies that try to develop alternative energy forms are building power sources that are more expensive. Solar panels, for example, are still not a cost-efficient way to generate power, Thiel said. ‘We need something cheaper, not more expensive,’ he said. ‘It doesn’t matter if the energy is cleaner, it doesn’t work if it’s more expensive.’ ” — Matthew Lynley, VentureBeat, 3 Feb 2011