CNN on The Long Recession
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Submitted by R-Squared Energy Blog One of the themes I have been hitting
during my recent presentations concerns the oil price risk hanging over our
heads....
Friday, August 1, 2008
Solar Energy Breakthrough
From the Video
Israel doesn't produce oil or gas or hydraulic power, but it does have one asset that could potentially be vital for energy production. In the mag in the desert in the south of Israel. There's a report unremarkable solar energy experiment. Deep in the heart of the mag and desert there is one natural resource, the son. This research facility is trying to harness those relentless rays of sun. This is a coming out party for solar energy. This guy has been working for 30 years and finally has his solar energy breakthrough. These solar cells hold an unprecedented amount of heat. It has the concentrated light of a thousand suns on its panel. These ones produce 1500 W. Solar energy can compete with more conventional energy on a larger scale. 1000 MW is 10% of Israel's energy capacity. It's about enough solar energy for a million people. With projects like this solar energy has arrived on the scene. Solar energy is big business here in Israel. Sales have soared past the $100 million mark last year. The company signed a deal to produce the largest solar energy plant in the Mojave Desert in California. This solar energy will be sold for 10 to $.12 per kilowatt hour. In Israel, almost all of the energy comes from coal-fired power plants now, but this project can definitely change that and change the energy usage more toward solar energy. Israel is one of the places in the world and has no natural source of fuel, except of course for its great solar resources, which is about, which it is about to harness.
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