Common sense isn't.
by staff reporter
The Tennessee Valley Authority recovered less than half of its $36 million investment in a failed power storage process in Mississippi, according to a financial report released Tuesday. In its latest quarterly report, TVA said a venture organized by the German conglomerate RWE paid TVA $15 million on April 30 for losses from the canceled project.
TVA had invested $36 million in the venture, known as Regenesys, before the project was canceled because RWE didn't want to proceed with the joint venture through its Innogy Ventures Ltd subsidiary. Regenesys was designed to act like a giant battery to store energy and improve the reliability of TVA's electric service in Columbus, Miss
~~~~~~~~~~~~~~~ Editorial Notes ~~~~~~~~~~~~~~~~~~~
Moving to highly intermittent sources of energy like wind or solar PV entails either a proportionately larger (80% to 20%, some say) "base" source for electrical power (like gas, coal, nuclear or steady hydroelectric); if there was a way to store large amounts of intermittent power and release in a controlled fashion to the grid that would enable a larger % contribution from wind and solar. So, there are a lot of schemes out there to capitalize on this future need. [This is] one that didn't make it; what could be simpler than a giant battery?
Original article was available at Energy Central.
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|Quote of the moment|
|On the Wedding Veil: As for her veil in its combination of lace or tulle and orange blossoms, perhaps it is copied from a head-dress of Egypt or China, or from the severe drapery of Rebecca herself, or proclaim the knowing touch of the Rue de la Paix. It may have a cap, like that of a lady in a French print, or fall in clouds of tulle from under a little wreath, such as might be worn by a child Queen of the May.|
|~ Emily Post, Etiquette in Society, in Business, in Politics and at Home, Chap. XXII¶23, 1922 ~|
Common sense isn't.
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