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 ~~~~~~~~~~~~~~~~~~~
DL writes:
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?
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Original article was available at
Energy Central (archive 2004).
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| Quote of the moment |
| The chief problem is, of course, whether the marching of the general spirit of things is heading consciously or sub- consciously toward an idea of extension of boundaries. |
| ~ Franklin D. Roosevelt (1882–1945), U.S. president. letter, January 8, 1934, to Ambassador John Cudahy in Warsaw, PPF 1193, John Cudahy Folder. Franklin D. Roosevelt Library. Edward M. Bennett, Recognition of Russia: An American Foreign Policy Dilemma, p. 86, Ginn/Blaisdell (1970). This was in response to a letter from Ambassador Cudahy of December 27, 1933, in which Cudahy said that there was no cause for alarm about the paramilitary organizations forming in Germany as this was a peculiar manifestation of the German social spirit wherein Germans like to put on uniforms and march around to martial music to let off steam. He compared the SS and SA to Elks, Eagles and Woodmen in the United States. FDR implied that he believed that when Germans put on uniforms and marched around to martial music, they often marched across someone’s borders. ~ |
Common sense isn't.
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