Posts Tagged ‘Solar energy’

I’m going into business – I need a Payday Loan

April 25th, 2010

I’m finally going to bring my project into the open
When I read the papers and watch the science channel on the TV, I get really depressed. It seems that everyone in town has some pet project that they’ve been working on in secret in the garage or under the bed. All of a sudden they leak a bit of publicity about it. Then they go to the “market”, wherever that is, raise millions in seed money and venture capital funds, but a new car and half dozen laptops and the next day they are listed on the NYSE and drowning in money.

What have they done?
At first it looks like nothing, but then the facts start emerging. They have developed a new kind of a hole for a bagel, or a thin candle for a cake that burns for 2 years without changing the battery – you get it, an unwanted, impossible non-saleable item and they are rich, rich, rich. So why can’t I do the same?

Here’s my secret plan
You and I look at it everyday. The difference is that I laugh when I see it. It’s called solar energy, green energy, non-fossil fuel energy, clean energy; it’s all the same stuff. It’s made from the sun. Somehow you have a scheme to capture the light or the heat of the sun, and convert it to electricity. Sounds easy and it actually is.

Solar energy
If you are lazy, you buy some solar PV panels which are made in different countries around the world, and you fix them to the roof of your house so they are facing the sun for as many hours as possible. These panels will convert, without you doing anything, the sunlight to 12 volt electricity. The panels are expensive but a series of Payday Loans will take care of that. You then take another couple of Cash Advance Loans and buy an inverter, connect up the wires and you will convert that 12 volt electricity to 120 volts and be able to run your household lights and appliances off it.

The problem
Now we get to the gritty part. The sun will set at the end of the day and that electricity that you were so excited about when the sun was shining, is no more. And now we have arrived at my project – the one I am taking Cash Advance Loans for – I am going to develop a storage system for the solar energy so we can use it at night and on cloudy days.

I’m not the first
I am certainly not the first person in the world to tackle this problem; it’s been going around ever since solar energy was first thought of. But someone has to crack it – why not me? What’s involved here is some really creative thinking, like beaming the solar energy up to the moon, keeping it there during the day and bringing it back at night. Simple, huh?

Tags: Business, Loan, Payday Loan, Solar energy
Posted in Finance, Loans | No Comments »

Lunch with Arnold

January 20th, 2010

As intriguing and as baffling as ever

I have always had a problem with Arnold. His speech is not the clearest and he uses words that are not in my vocabulary; but he is quite the most fascinating man I have ever met. A real-life successful and proven inventor. Arnold J. Goldman has quite a track record. He was the VP of Engineering and co-Founder of Lexitron, the first word processing company in the US, listed on NASDAQ in 1974. He went on to establish Luz International and served as its CEO. Luz designed, constructed, financed, and operated the world’s 9 largest Solar Electric Generating Systems which, at the time, generated 90 percent of the world’s solar electricity. These power stations are in the Mojave Desert in California and 20 years after they were built are still supplying electricity as they were designed to do.

Currently

Today Arnold is the Chairman and Founder of BrightSource Energy who are about to build the world’s largest solar power generating plant in California. The technology is simple and the energy is clean, both vital factors. Large flat mirrors reflect the sun onto a high tower which holds tanks of water; the water boils and the resulting steam is used to drive a turbine which produces electricity. That’s it in a nutshell. In fact it’s more complicated. The focus of the mirrors on the target has to be precise and many other factors have to be correct. But it is eminently do-able, and if anyone can make it work, it’s Arnold.

Money

The money involved in these projects is staggering. Generally the cost of development of electricity generation is enormous but such projects are usually funded by governments. In the case of Arnold’s projects, he had to put the financing in place. It’s not his money, but he has to organize it, no easy task when it runs into billions. The coming project, called the Ivanpah Solar Power Facility, is a 440 megawatt solar power facility which consisting of 3 separate solar thermal power plants. The project is due to start in 2010.  The Ivanpah plant will produce enough clean energy to power 150,000 homes and displace more than 450,000 tons of Carbon Dioxide annually, which is the equivalent of taking more than 75,000 cars off the roads.

The storage problem

The storage of solar generated energy is an ongoing issue. Man had discovered how to  make energy from the sun and as long as the sun shines there is no problem creating energy. But after the sun has set or on cloudy days you cannot generate solar energy. So you generate it during sunshine hours, but where do you store it for use that night?

The money making challenge

If you have an inventive mind and you want to make money, great globs of it, as in billions, dream up an energy storage system. There are thousands of solar energy producers all over the world waiting for you.

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Tags: Arnold Goldman, Brightsource, Energy storage, Solar energy
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