Increasing The Efficiency Of Coal By 1% Creates 30X The Energy Of All Solar
I made a ton of CAP point red thumbing the solar hype, it looks like that opportunity may return.
CLusterstock has the story:
While there's plenty of hype and hope around improving solar technology, it would be better for the environment, and consumer, to improve coal technology, says Paul Maeder, general partner focused on clean tech at Highland Capital.
"Increase the efficiency of coal by 1% and you replace all the power from solar by a factor of 30," Maeder said while speaking about clean tech on a panel at the annual National Venture Capital Association meeting in Boston, yesterday.
It's an impressive statistic, but one of Maeder's Highland Partner co-workers reminded us later that coal provides half our energy, and can provide a terrawatt of power when the nation is firing on all cylinders during the summer, while solar is still a tiny part of the energy equation.
The reason the efficiency hasn't been improved is that the coal/power industry are not incented to do so. Maeder says he's talked to people working in the industry and they say they're told, "Whatever you do, don't touch the knobs" that control energy, because, "if you cause a brownout, it follows you for the rest of your career...I've talked to people that are 15 years away from retirement," all they want is to protect their job and pensions, says Maeder.
The rest is here:
The Next Big U.S. Bubble: Janszen on CNBC