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Study: Costs of solar panels far exceeds benefits
There is growing interest in solar power, but the cost of solar panels still exceeds their benefits, a University of California economist says; even under the most extreme assumptions — a 5 percent annual increase in electricity costs and 1 percent interest rate — the cost of solar PV is about 80 percent greater than the value of the electricity it will produce
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Solar energy conversion breakthrough
Scientists say that sunlight falling on only 9 percent of California’s Mojave Desert could power all of the U.S. electricity needs — if the energy could be efficiently harvested; this is a big “if,” since current-generation solar cell technologies are too expensive and inefficient for wide-scale commercial applications; Northwestern University researchers show a way to increase solar cell efficiency
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Utility plans first U.S. coal-fired plant to capture CO2
Tenaska proposes a new 600-megawatt, coal-fired power plant in Texas which would be the first to capture and store carbon dioxide emissions underground
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U.K. energy company to demonstrate its oxyfuel technology
Oxyfuel combustion is the process of firing a fossil-fueled power plant with an oxygen-enriched gas mix instead of air; oxyfuel combustion produces a CO2-rich flue gas ready for sequestration
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King coal, III: DOE makes case for FutureGen restructuring
The Department of Energy restructures its approach to FutureGen — the ambitious plan to develop clean coal technology which produces hydrogen and electricity and mitigates greenhouse gas emissions
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King coal, II: Administration restructures approach to clean coal funding
DOE restructures FutureGen approach; under the new plan, DOE’s investment would provide funding for no more than the carbon capture and storage (CCS) component of the power plant — not the entire plant construction; the original 2003 FutureGen concept called for the federal government to cover 74 percent of the cost of the entire project; DOE requests $648 million in FY2009 budget for coal research, development, and deployment
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King coal, I: U.S. ends FutureGen funding; clean coal future unclear
The Bush administration, as part of a new approach to producing clean cole, has ended government participation in the FutureGen project; government says that the private sector can now pick up the tab; the administration unfolds new clean cole initiatives
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Spain to explore oil reserves on its east coast
Spanish oil company signs up a leading Norwegian engineering company to do infrastructure work for to oil exploration projects off the east coast of Spain
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North Sea oil rig evacuated after bomb alarm
More than 500 North Sea oil rig workers evacuated by helicopters after false alarm about an explosive device; bomb-disposal team dispatched
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The long view
U.S. Energy Supply Chains Are Unlikely to Meet Anticipated Demand
The U.S. fast-growing energy demands for clean energy sources faces a problem: Under current supply chain conditions, the United States is on track to fall significantly short of surging demand for three clean energy sources: wind, solar, and battery. The shortage is due to the scarcity of critical raw materials such as nickel, aluminum, and silicon.
