Actually it makes perfectly good business sense for Google CEO Schmidt to denigrate the deniers. Google is heavily invested in “Green Industry“ projects. One of their investments- Ivanpah Solar Electric Generating Facility is the world’s largest solar thermal electricity project. BrightSource Energy Inc, a privately held company, began developing Ivanpah and then sold the majority stake in the project to NRG Energy Inc. and Google. The project received about $1.6 billion in federal loans under the Department of Energys Loan Guarantee Program. The facility has not been able to run at a minimal production rate using only solar power and has been forced to burn natural gas in order to keep the plant on line. Experts have estimated that electricity from giant solar projects will cost at least twice as much as electricity from conventional sources.The owners of this boondoggle, Google and NRG, are applying for a federal grant—to pay off its federal loan. Follow the $$$$$$$$$$
Posted on: Tue, 30 Dec 2014 12:40:36 +0000
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