May 5 2013

Solar replaces utilities

Kal @ 18:25

On May 2 Avedon posted this interesting bit about the disruptive effect of cheap solar and other forms of alternative energy:

"To keep the lights on, Oslo needs to import trash from the U.S.: Did you know that the city of Oslo is powered by garbage? Amazing and true. The Norwegian capital, home to about 650,000 residents, operates two enormous incinerators which supply the city with about 1.5 terawatt-hours of power." I've always wondered why nobody did this, and now it turns out that somebody is, but we're not hearing about it. I know why we're not hearing about it, of course - the energy industry we have is dependent on our not pursuing alternatives. That's why they work so hard to kill renewable projects like solar power. In fact, they recently released their own report (quietly - and the press didn't seem to notice) saying that they expect to be put out of business by renewables: "Just the other day, Duke Energy CEO Jim Rogers said, 'If the cost of solar panels keeps coming down, installation costs come down and if they combine solar with battery technology and a power management system, then we have someone just using [the grid] for backup.' What happens if a whole bunch of customers start generating their own power and using the grid merely as backup? The EEI report warns of 'irreparable damages to revenues and growth prospects' of utilities."

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Category: Beyond Petroleum | Economics | Solar