[theluckycountry]

“These projects failed to meet the economic, national security or energy security standards necessary to sustain DOE’s investment, and taxpayers should not be forced to subsidize them,”
$this->bbcode_second_pass_quote('', 'E')nergy Secretary Chris Wright justified the termination of 24 energy projects allocated $3.7 billion by Congress, during a Senate panel on Wednesday. Wright said the clawbacks were the first round of scrutiny by a newly created review board that is probing 500 authorized ventures set to receive $300 billion in funding through 2032.
Wright said among the first things he did after his January confirmation was ferret through projects set to receive IRA-authorized funding through DOE’s Loan Program Office. “It’s deeply concerning how many billions of dollars were rushed out the door without proper due diligence in the final days of the Biden administration,” he said. DOE “shoveled out more than $100 billion … between Election Day and [Trump’s Jan. 20] inauguration.”

He cited several projects that provided little justification for federal funding, including one slated to receive $2.5 million but then sought, and garnered, $200 million without completing paperwork.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '�')��These projects failed to meet the economic, national security or energy security standards necessary to sustain DOE’s investment, and more importantly, the Orange Clown told us to say this and then do it. ”

[theluckycountry]

Remember: Solar thermal is now often referred to as concentrated solar power (CSP)
Just as Residential Mortgage backed securities are now referred to as bank Bonds.
Because if something fails utterly and takes hundreds of billions down the drain with it, you have to rebrand it else how will you ever pull the same swindle 5 years later?

https://www.fprenergy.com.au/ is one company trying to suck investors into this dead end and there will be others no doubt. It's just too good a scam to let go.

$this->bbcode_second_pass_quote('', 'F')PR Energy's CST technology captures solar energy using heliostats to heat inert ceramic particles. These particles store energy for on-demand industrial heat or electricity generation creating a continuous, efficient energy cycle. Our system is proven at 850°C, with 1200°C readily achievable.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'R')emember: Solar thermal is now often referred to as concentrated solar power (CSP)

[theluckycountry]

The “Energy Transition” Delusion A Reality Reset

$this->bbcode_second_pass_quote('', 'G')lobal economies are facing a potential energy shock—the third such shock of the past half century. Energy costs and security have returned to center stage, as has the realization that the world remains deeply dependent on reliable supplies of petroleum, natural gas, and coal. And all this has arrived during an inflation itself partially the result of higher energy prices that are raising production and transportation costs across industries.

[theluckycountry]

Obama-Era Mojave Desert Solar Plant Once Hailed As A Marvel Will Close As A Glowing Relic

America is just a series of bubbles that burst and leave ruin and poverty in their wake.
$this->bbcode_second_pass_quote('', 'A') little more than a decade ago, the Ivanpah Solar Electric Generating System opened to great fanfare, with a $1.6 billion loan guarantee from the U.S. Department of Energy (DOE)—part of the Obama administration’s push to install green energy production on public lands—and a promise to help California meet its increasingly ambitious decarbonization goals. It nearly doubled the amount of solar thermal energy then produced in the United States, according to the DOE.

Originally, the project had an estimated operational life of 50 years, according to the final environmental impact statement. Its two buyers, Southern California Edison and Pacific Gas and Electric Company (PG&E), had purchase agreements through 2039. Now, Edison has pulled out of its contract, and Ivanpah is set to close... ”To save money for our customers, Southern California Edison has agreed to stop buying electricity from the Ivanpah Solar Power Plant,” Jeff Monford, a spokesperson for the utility, told The Epoch Times.

For-profit utilities have reason to fear customer revolt over soaring electricity prices. California has the second-highest in the country, after Hawaii, and is approving more rate hikes to compensate for fire safety, aging infrastructure, and demands on the grid.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')$this->bbcode_second_pass_quote('', 'A')merica’s hydrocarbon-centric industries could, if unleashed, replicate the unprecedented growth in oil and natural gas production over the past 15 years.

[theluckycountry]

Spain's solar industry warns of price threat to energy transition

I went to search up current news on Spain's solar thermal systems. More fool me, *crickets*
That was last decade, it's dead. It's all PV now but not all roses. Go look at the chart of installed thermal capacity, one mouse roll down. https://en.wikipedia.org/wiki/Solar_power_in_Spain

$this->bbcode_second_pass_quote('', 'M')ADRID (Reuters) -Spain this year has clocked a growing number of hours with solar power prices at zero or even negative levels, which arise when supply exceeds demand and producers need to pay to offload power or stop plants, industry group UNEF said on Tuesday, a trend that could compromise the country's green energy shift.

Between January and September this year, solar power producers faced 693 hours of negative or zero power prices, reaching the total for last year, UNEF said. "This issue, along with low and unstable capture prices show that reforms of electricity prices are urgent," said UNEF head Jose Donoso, referring to the average price per megawatt-hour solar power producers receive for the electricity sold in the market.

WHY IT IS IMPORTANT

Spain has set ambitious targets in its climate and energy plan. The warning comes as the country needs to speed up the rollout of renewables projects to meet such goals.

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', ' ')Stupid to believe in The GREAT Energy transition,

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('theluckycountry', ' ')Stupid to believe in The GREAT Energy transition,

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', '
')Ahhh, so when did you realize that a transition to large scale solar would have a negative effect on BAU? All the BS media I have read for the past decade claimed it would have a positive effect, cheaper prices in fact. It was the solution remember.

[theluckycountry]

Nah, piss off mp, I'm done with your BS, can't take you seriously anymore. You're no different to the rest of the dreamers here, swallowing every Lie, Dreaming of a future of peaches and cream. Enjoy you're delusions while you can.

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', 'N')ah, piss off mp, I'm done with your BS, can't take you seriously anymore.

[AgentR11]

$this->bbcode_second_pass_quote('theluckycountry', 'N')ah, piss off mp, I'm done with your BS, can't take you seriously anymore. You're no different to the rest of the dreamers here, swallowing every Lie, Dreaming of a future of peaches and cream. Enjoy you're delusions while you can.

[careinke]

Hey Lucky,

In reference to the Reuters article about Spain with solar power prices at zero or even negative levels. I just saw that Australia is in the same "predicament". Power companies and government officials are blaming residential solar panels. Apparently, over 50% of residential properties have solar power.

All trolling aside, I think this is very good for Australia, and the world. Imagine you are a Bitcoin miner and your energy costs are FREE and they may even pay you to use the excess electricity. Your running compute, cooling systems, lights, EV chargers, water pumps, and more all at no costs to you.

The easiest way to make even more money is to expand everywhere. Sure you want the fastest compute available and will continue to buy the best hardware in order to stay competitive, but if it costs nothing to run, why take the older hardware off line? It's still compute.

Even if Australians can't make a decent AI, or a car that can drive itself, or a rocket ship that works, or humanoid general purpose robots, they can purchase them Tariff free from great companies like Tesla, space X, and XAI. Even individual households can make some cash by running Nodes to secure the network.

Solar is improving with a virtual unlimited supply, electrical storage is improving at an exponential rate, Compute is improving, and AI is approaching a singularity event with self learning. Robotaxi's will replace most public transportation especially for the last mile.

Of course the Socialist Control Freak, butt ring kissing, Ausie Government, will pass silly laws to steal it's citizens money. But that will not work, Pandoras Box has been opened, but the feared Black Swan, turns out to be white.

The world is going to need at least a doubling in energy production over the next couple of years, and I am very optimistic we will do it. Because it is necessary.

Peace

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'H')ey Lucky,

In reference to the Reuters article about Spain with solar power prices at zero or even negative levels. I just saw that Australia is in the same "predicament". Power companies and government officials are blaming residential solar panels. Apparently, over 50% of residential properties have solar power.

[theluckycountry]

SPAIN: 2025: Currently, the country has 35.5 GW of solar capacity in operation, and in the first seven months of 2025 alone, 3 GW were commissioned.
Spain’s rooftop PV installations hit 1.18 GW in 2024

You see? Only a small fraction of their solar is rooftop, most are huge farms incurring all the costs I listed above. Also these are held by Private Corporations, that want their cut, that invariably have massive debt liked to the projects. Farms are a dead end. Too expensive electricity so uses cut back on consumption. So they put the rates up, so consumers cut back more. It's a vicious circle.

$this->bbcode_second_pass_quote('', '[')b]Australia's total installed solar energy capacity in 2024 stood at an impressive 38.5 GW.
Top 10 Biggest Solar Farms in Australia (2025), they total about 3.5 GW.