[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Kiwi Pension Fund Loses $50 Million in Ogin Ducted Turbine Fiasco
$this->bbcode_second_pass_quote('', '2')017- Ogin’s design arrived in a blaze of high-powered hype across the tech press in 2008. DOE’s Arpa, and MIT’s Technology Review swooned over what was, once again, supposed to be breathtaking new technology. Backed by big name venture capital company Kleiner Perkins, FloDesign-Ogin raised untold millions to develop a ducted wind turbine, including investments from New Zealand and Alberta sovereign wealth funds.

[theluckycountry]

Some people just can't read the memo. They assume that because the TV has pushed renewables and EV for a decade that is was set in stone but they missed the obvious fact. In our modern world everything is marketing, everything is BS and everything is designed to move money from the pockets of the little people up into the pockets of the wealthy. Renewables were a good example of this, hundreds of billions, trillions probably, invested in the companies making and installing the garbage, only to be collapsing now and taking all that capital with them.

Here is the new memo, it's been stuck on your desk for a while now

Support for renewables shrinks as fossil fuel interest grows

$this->bbcode_second_pass_quote('', 'T')he survey of 5,085 U.S. adults taken April 28 to May 4 revealed that while 79% of Americans favored expanding wind and solar production in 2020, that number has dropped to 60%. And 39% of Americans today support expansion of oil, coal and natural gas — almost double the 20% that supported it in 2020.

[theluckycountry]

1954 was a good year for delusions. All based on the power of the atom.

A quote from Lewis L. Strauss appointed Chairman of the U.S. Atomic Energy Commission in 1953 by President Dwight D. Eisenhower.
$this->bbcode_second_pass_quote('', '
') “Transmutation of the elements, — unlimited power, ability to investigate the working of living cells by tracer atoms, the secret of photosynthesis about to be uncovered, — these and a host of other results all in 15 short years. It is not too much to expect that our children will enjoy in their homes electrical energy too cheap to meter — will know of great periodic regional famines in the world only as matters of history,— will travel effort­lessly over the seas and under them and through the air with a minimum of danger and at great speeds, — and will experience a lifespan far longer than ours, as disease yields and man comes to understand what causes him to age.”

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')$this->bbcode_second_pass_quote('', 'T')he survey of 5,085 U.S. adults taken April 28 to May 4 revealed that while 79% of Americans favored expanding wind and solar production in 2020, that number has dropped to 60%. And 39% of Americans today support expansion of oil, coal and natural gas — almost double the 20% that supported it in 2020.

[AgentR11]

Interesting little datapoint to get a feel for scale. As of the time I'm writing this, the ERCOT (Texas) grid is running at 45% solar+wind.

[theluckycountry]

$this->bbcode_second_pass_quote('AgentR11', 'I')nteresting little datapoint to get a feel for scale. As of the time I'm writing this, the ERCOT (Texas) grid is running at 45% solar+wind.

[theluckycountry]

$this->bbcode_second_pass_quote('', 'S')olar and renewable energy stocks crashed in premarket trading after Senate Republicans unveiled a draft of a bill that would end wind and solar tax credits by 2028, while providing incentives for other energy sources like nuclear, hydropower, and geothermal (which would extend to 2036).

According to Reuters, the draft tax bill released by Senate... proposes an accelerated phaseout of clean energy subsidies established under the Biden-Harris regime's 2022 Inflation Reduction Act. Specifically, the legislation would significantly dial back solar and wind tax credits to 60% of their original value starting in 2026, with complete elimination by 2028. Under current law, these credits are scheduled to begin phasing out in 2032, meaning the proposal would effectively shorten the incentive window.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
') They are making Billions off of the alternate energy gravy train and I here I can't find the gold I buried in my back yard! I wish I was smart enough to have graduated high school, then maybe I could know things like others and not be so ignorant all the time...

Lazard at work
https://shawtonenergy.co.uk/shawton-ene ... anagement/
https://www.lazardassetmanagement.com/a ... nergy-gmbh

[careinke]

Forty percent of electrical power on a grid is used for transmission purposes, wasted energy. This can be substantially reduced by combining a decentralize power web with present systems. Eventually the old system will be replaced and everything will be decentralized. In the end, the sun powers everything at least in this solar system.

Peace through Power

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'F')orty percent of electrical power on a grid is used for transmission purposes, wasted energy.

[theluckycountry]

New York is rapidly expanding its wind power capacity, with a focus on both onshore and offshore development (now dead in the water, literally). The state aims to generate 9,000 megawatts of offshore wind power by 2035, enough to power an estimated 6 million homes, and achieve 70% of its electricity from renewable sources by 2030.
Big promises.

$this->bbcode_second_pass_quote('', '[')b]Power Blackout Hits Parts Of Queens, NYC: Con Edison Urges Energy Conservation As Temps Spike
Con Edison blamed the blackout on the "heat wave affecting the region" and asked customers "to conserve energy while crews repair equipment."
The latest data from the power tracking website Power Outage shows 8,830 outages across Queens.

The cause of the blackout has yet to be revealed by the utility. Still, the grid operator PJM Interconnection, the operator of the largest U.S. power grid serving 65 million people across 13 states and D.C., issued a "Maximum Generation Alert" for Monday, ordering all available power generation to run at full capacity to ensure power demand is met early this week amid rapidly tightening conditions.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')The cause of the blackout has yet to be revealed by the utility. Still, the grid operator PJM Interconnection, the operator of the largest U.S. power grid serving 65 million people across 13 states and D.C., issued a "Maximum Generation Alert" for Monday, ordering all available power generation to run at full capacity to ensure power demand is met early this week amid rapidly tightening conditions.

[theluckycountry]

$this->bbcode_second_pass_quote('', 'B')oulder, Colorado, is actively pursuing a transition to 100% renewable electricity by 2030. The city has already achieved 105 MW of local renewable generation, exceeding its initial 2030 goal of 100 MW.

[theluckycountry]

$this->bbcode_second_pass_quote('', 'B')oulder City receives most of its power from renewable hydroelectric sources (Hoover Dam and Glen Canyon Dam on Lake Powell).

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Colorado River Basin in Crisis
$this->bbcode_second_pass_quote('', 'S')hrinking Snowpack and Reservoirs Threaten Water Supply

[theluckycountry]

What goes up must come down as they say. All due to fertilizer diesel and highways.



But why such a big population in Colorado before then?
$this->bbcode_second_pass_quote('', 'C')olorado experienced a significant population boom in the early 1900s, primarily fueled by mining and, surprisingly, the influx of tuberculosis patients seeking a cure. The state's population nearly doubled between 1900 and 1920, with the urban population more than doubling in some areas like northeastern Colorado

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')But why such a big population in Colorado before then?
Mining? Yes, Gold! and then coal.
So it's populated by the descendants of GoldBugs and... Lungers.

[theluckycountry]

US energy department plans to scrap wind power funding

$this->bbcode_second_pass_quote('', 'T')he US Department of Energy (DOE) plans to cut its funding for wind, solar and battery storage projects to zero for its 2026 financial year, a draft of its budget proposals shows.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]US energy department plans to scrap wind power funding

$this->bbcode_second_pass_quote('', 'T')he US Department of Energy (DOE) plans to cut its funding for wind, solar and battery storage projects to zero for its 2026 financial year, a draft of its budget proposals shows.

[theluckycountry]

You're wasting your keyboard adam, windpower is dead, is being abandoned by governments and utilities all over the world. What is still ongoing is projects already under construction and contracts being fulfilled. That is contracts the companies can't wriggle out of. One more failed techno dream that adam and kub bought hook line and sinker.