|
| June 27, 2008: Mirrors without smoke... |
|
According to predictions by a new energy report from CIBC World Markets, oil prices will continue to skyrocket and will approach or reach $7 per gallon two summers from now. The average 2004 price per gallon in the US was $1.80 in 2004 and has now exceeded $4.00, only 4 years since. Concurrently, concern is rising over global warming as a consequence of increased burning of fossil fuel. Is Arnold Goldman's ingenuity part of the solution?
Arnold Goldman was a dreamer who didn't give up on his dream even when oil prices dropped and the State of California decided not to renew its incentives for clean energy producers in the 1990's. Goldman's Luz International company which he had built in the 1980's, went bankrupt in 1991 as a result. But the dream didn't die, and the UCLA and USC-educated scientist built BrightSource Energy Inc. and Luz II instead. This past April, the Israeli entrepreneur signed the largest power-buying agreement in the history of solar power with Pacific Gas & Electric. A month later his clean-energy company raised $115 million from like-minded investors such as Google.org and BP Alternative Energy. This enabled him to build the world's first solar thermal energy field - at Rotem Industrial Park in the northern Negev. The field of 1,640 robotic mirrors, called heliostats, looks a little like a mechanical rock concert in action when the sun rises in the morning. Each mirror is slightly larger than a ping-pong table and is computer-controlled. The tables are aimed to focus and reflect the sun's rays of the sun as it moves through the sky. The energy is pointed at a 200-foot tower where water is boiled to produce high-pressure steam which in turn runs electric power generators. The system is designed to produce as much as 900 megawatts of clean, renewable energy for the State of California in the next decade - enough to power 540,000 homes per year. E.&O.E. |
| Print Mail Friend |
| HEADLINES |
| September 03, 2010: Canadian Life Insurers Continue To Acquire US Life Insurers...Industrial Alliance Acquires Golden State Mutual... |
| September 01, 2010: US and Canadian consumers and brokers tap into savings and better life insurance values with QuotesOnTap(R) on SmartPhones and SmartTablets... |
| August 30, 2010: LIMRA Study: Individual life insurance ownership in the US drops to a 50-year low... |
| Aug 16, 2010: QuotesOnTap, North America's first and only fully self-contained independent multiple company life insurance quotation and comparison tool for the new generation of SmartPhones rapidly gains popularity and is being further enhanced... |