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 (archive 2004).
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|Quote of the moment|
|I was perfectly certain that I had nothing to offer of an individual nature and that my only chance of doing my duty as the wife of a public official was to do exactly as the majority of women were doing ...|
|~ Eleanor Roosevelt (18841962), First Lady of the United States, author, speaker, and diplomat. This Is My Story, ch. 10 (1937). |
On her conventionality in 1913, when her husband, Franklin Delano Roosevelt, became Assistant Secretary of the Navy. She would go on to become the most individualistic, publicly active, and personally distinguished First Lady in history. ~
Common sense isn't.
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