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Saturday, May 31, 2008

Space-based Solar Energy gets 2nd look ; CNN story

Forty years ago Peter Glaser proposed harvesting solar power in space and beaming the sun's energy back to earth. Groups such as the Space Power Association and companies such as California's Space Island Group believe the next wave of solar will be extra-terrestrial.

CNN Story on space-based satellites beaming solar power to earth:



LONDON, England (CNN) -- Jyoti is the Hindi word for light. It's something Pranav Mehta has never had to live without. And he is lucky. Near where he lives in Gujarat, one of the most prosperous states in India, thousands of rural villages lack electricity or struggle with an intermittent supply at best.
art.solar.na.jpg

Massive solar satellites would beam power back to ground-based receivers on Earth.
more photos »

"We need to empower these villages, and for empowerment, energy is a must," Mehta said. "Rural India is suffering a lot because of a lack of energy."

By 2030, India's Planning Commission estimates that the country will have to generate at least 700,000 megawatts of additional power to meet the demands of its expanding economy and growing population.

Much of that electricity will come from coal-fired power plants, like the $4 billion so-called ultra mega complex scheduled to be built south of Tunda Wand, a tiny village near the Gulf of Kutch, an inlet of the Arabian Sea on India's west coast. Dozens of other such projects are already or soon will be under way.

Yet Mehta has another solution for India's chronic electricity shortage, one that does not involve power plants on the ground but instead massive sun-gathering satellites in geosynchronous orbits 22,000 miles in the sky.

The satellites would electromagnetically beam gigawatts of solar energy back to ground-based receivers, where it would then be converted to electricity and transferred to power grids. And because in high Earth orbit, satellites are unaffected by the earth's shadow virtually 365 days a year, the floating power plants could provide round-the-clock clean, renewable electricity.
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"This will be kind of a leap frog action instead of just crawling," said Mehta, who is the director of India operations for Space Island Group, a California-based company working to develop solar satellites. "It is a win-win situation."

American scientist Peter Glaser introduced the idea of space solar power in 1968.

NASA and the United States Department of Energy studied the concept throughout the 1970s, concluding that although the technology was feasible, the price of putting it all together and sending it to outer space was not.

Full CNN story on satellite solar power system.


Suggested Browsing:

Wind Power Investing, Renewable Energy Stocks


Geothermal Energy Stocks, Geothermal Power Companies

Saturday, May 17, 2008

Ontario advised to consider geothermal energy investments

It's time we started warming to geothermal

From TheStar.com - Geothermal Energy Business

by Tyler Hamilton

Industry and government in Canada's western parts are poised to spend billions of dollars over the coming decade trying to capture carbon dioxide from oil-sands operations and coal plants. They'll then compress and inject that CO2 underground for what we hope, but don't know for certain, is permanent storage.

The idea is that Canada – to be specific, western Canadian oil companies and power plant operators – will over time become experts in carbon capture and sequestration and a new industry will be born, creating exports to overseas markets like China.

This doesn't do much for Ontario and its struggling economy. We don't have oil-sands projects. Our coal plants are targeted to shut down. And even if we did keep the coal plants, the province's geology limits where huge volumes of liquefied CO2 could be stored.

But what if Ontario could develop the expertise, skills and technologies to develop a form of emission-free power generation that would displace the need for coal, and help move the world away from petroleum and toward grid-supplied electric transportation?

Why doesn't Ontario try to get into the geothermal power game? Not the kind of geothermal that uses heat pumps and provides heating and cooling in our homes; rather, the kind of geothermal where high heat found kilometres under the earth's surface can be used to generate electricity.

Done laughing?

Susan Petty, president of Altarock Energy Inc. in Seattle, says it's not as crazy as some people might think. As a comprehensive study out of the Massachusetts Institute of Technology concluded last year, there is useable heat everywhere we walk on this planet and more of it should be tapped. It's all a matter of how deep you drill, and how you go about bringing that heat to the surface using so-called enhanced geothermal systems, or EGS technologies.

Petty was part of the panel that conducted the study. After its release, she formed Altarock to practice what the study preached. "It's serious," says the 25-year veteran of the geothermal industry. "Our goal is to get to where we can do it anywhere, but that's going to require that we bring the cost down."

She looks at a map of Ontario and singles out a few potential spots. "In southern Ontario, near Lake Erie, they show some higher temperatures at depth." There are also locations just west of Ottawa and north of Peterborough, she adds.

In Landau, Germany, the world's first commercial EGS plant began operation last October. It's tapping temperatures of 155 degrees C about 4.5 kilometres below ground. Petty says the Landau project is dealing with depths and temperatures very similar to those found in parts of Ontario.

If that's the case, why aren't we giving this a shot? Lack of awareness, and the general belief it can't be done in Ontario, is one reason.

Policy is another. Germany, for example, has a renewable energy act that pays a fixed, long-term premium for all kinds of clean energy and encourages industry to experiment.

Another barrier is lack of data. "We can't know these things unless we get the data, and the only way to get the data is to drill deep holes," explains Petty. "We've got to get more holes in the ground."

Some data must exist somewhere. Talisman Energy, for example, does lots of natural gas drilling in Lake Erie. Union Gas is building underground natural gas storage in southwestern Ontario. Sarnia and neighbouring Petrolia, the birthplace of North America's commercial oil industry, would also have data on well temperatures. Likewise, anywhere there's deep mining in Ontario there would also be depth and temperature data.

All that should be aggregated by the government and analyzed, and new test holes need to be drilled where gaps in data exist. At the same time, the Ontario Power Authority could easily add geothermal power to its standard offer contract, offering a premium price for the power to anyone who can make it work.

"To do geothermal in Ontario the utility would need to pay something like 17 or 18 cents per kilowatt hour," says Petty. Others with their eye on the market estimate up to 30 cents would do the trick.

It's not outlandish. We're already paying 42 cents per kilowatt-hour for solar electricity, and that's for power that only flows when the sun is shining. Surely, the province could cough up 30 cents under long-term contract to help stimulate a handful of geothermal pilot projects. What's the harm in putting it out there and letting the market decide?





ENHANCED GEOTHERMAL

Conventional geothermal plants, widely found in jurisdictions including Iceland, California, Italy and Indonesia, are low-hanging fruit. They are located in areas where one need not drill more than three kilometres, and where cracks and pores in the rock occur naturally.

This "porosity" is important, because you access the heat by pumping water into deep boreholes. The water spreads through the pores and cracks in the rock, absorbing as much of the heat as possible. It's then pumped back to the surface to create steam that turns a turbine that generates clean electricity 24 hours a day.

Conventional geothermal power is already competitive with the cost of grid electricity in most places, particularly in Europe where prices are generally higher than in North America.

What Altarock hopes to do is improve the economics of what's called "enhanced geothermal system," or EGS — basically geothermal power plants that get heat from greater depths and from non-porous rock. It's more expensive because the further down you drill the costlier it becomes. You also have to artificially fracture the rock under a carefully controlled process to achieve ideal porosity, another added expense and a tricky procedure using current technologies and methods.

"Right now it's probably not economic to drill for geothermal using today's technology any deeper than 4.5 to five kilometres," says Petty, adding that temperatures of 225 C to 250 degrees C are needed. "You can do that in the west. But if you want to go east, you're looking at having to drill 6.5 to seven kilometres to get those temperatures."

These depths are quite common when it comes to oil and gas exploration. Altarock (Altarock Energy Inc., a company formed to develop “enhanced geothermal” generating stations using new technology primarily coming from the oil drilling industry), aims to apply the same skills to geothermal, and come up with a reliable and economical way of fracturing rock so geothermal power could be explored where it was once thought impossible, or too expensive.


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WARNING: Investing in common equity of public companies is a high risk, high potential reward activity. Owning investments in individual alternative energy companies is for high risk investors only, and medium risk investors should consider green mutual funds, clean energy funds, renewable power index funds and other sector plays. Even then, these should be owned as part of a widely diversified portfolio. There is a gathering mania for investing in publicly-traded alternative energy companies, similar to the computer, technology, internet and banking / real estate booms of the past two decades. There will be some nasty corrections along the way, and some years from now when they come crashing down en masse, the world will still benefit from all the amazingly advanced clean and efficient energy technology created during the bull run. (Above note re-written March 2009 as my earlier prediction of a market top and a crash in the sector starting in August '09 was hastened by the credit markets collapse and began in August 2008, before the bubble had fully formed. Of all the sectors in the equity markets, clean energy has the best prospects to assume market leadership and public favour; we are bouncing aong the bottom still, and those who have followed our guidance to begin including (in a judiciously blended portfolio of cash, bonds, stocks and yes, um... real estate) green energy investment funds dollar-cost-averaging programs in Winter and Spring of 2009 are well positioned for longterm capital growth.)

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