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 |
| Chapter 1 : the charge to his son 01 Give your ears, hear the sayings, 02 give your heart to understand them. 03 It is good to put them in your heart, (but) 04 woe to him who neglects them! 05 Let them rest in the casket of your belly, 06 may they be bolted in your heart. 07 When there rises a whirlwind of words, 08 they will be a mooring-post for your tongue. 09 If You make your life with these in your heart, 10 You will find it a success. 11 You will find my words a storehouse for life, (and) 12 your body will be well upon earth. |
| ~ The Instruction of Amenemope, Akhim, Egypt, ~1100 BC ~ |
Common sense isn't.
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