Apple’s big solar energy plan. Here are the details:
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How big a deal is it? According to this Reuters report it could cause a “stampede” of similar contracts from other corporations, aided by a special tax break that will be reduced in two years. Aside from the tax break the cost of solar energy is becoming competitive on its own, and will be yet more so in two years. This is not good news for utilities, or the coal companies.
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Here is one more story talking about Apple’s deal, but I have added it mainly because it includes another announcement, this time from Tesla. Tesla is soon going to unveil a new breed of storage batteries for use in homes and businesses, and possibly even utilities themselves. The design work is done, and production will start in about six months. This has the makings of something truly disruptive.
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An episode from Earth’s climate history. It began 16.9 million years ago, triggered by the huge Columbia River basalt floods. This caused a temporary significant bump in both CO2 levels and global temperatures, as well as sea level, which allows for comparisons with the situation we are in today. There is a lot here to chew on that makes it interesting, though not conclusive. There is nothing in climate history that fully duplicates what is now going on, but episodes like this one offer plenty of helpful information about what may lie ahead.
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A new energy storage technology being implemented by a solar power plant in Israel. Probably not a final answer, but it could prove to be a competive step.
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Problems in the coal industry. Globally, prices have dropped 50% in four years as power plants are converting to gas in some places, like the U.S., and China has sharply reduced its imports. Some coal companies will have to drop out, and then prices should start to claw their way back up.