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.
FAIR USE NOTICE:
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of environmental and humanitarian significance. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
|Quote of the moment|
|Smiles from reason flow, To brute deny'd, and are of love the food.|
|~ John Milton, Paradise Lost. Book ix. Line 239. ~|
Common sense isn't.
Images stored locally for protection of your privacy (unless/until you search with Google).
Disclaimer Fine Print: This site is personal, and is independent of TVA or any other organization. Use of the abbreviation "TVA" is purely for descriptive purposes (for example, to distinguish from wind power plants on Buffalo Ridge in Minnesota). No endorsement, no approval, and no involvement by TVA is implied.
Copyright © 2000- hal9000[zat]mensetmanus.net
I last touched this page on Saturday, 2007-11-17 at 05:09:15 UTC.