John Petersen

Toyota Far Surpasses GM When It Comes to EV

Another great piece Jack, keep them coming.

Alternative Energy's Sunny Outlook

In a recent essay on McKinsey & Company's What Matters website, Secretary Chu wrote:

“It’s important to understand where we are now. Existing energy technologies won’t provide the scale or cost efficiency required to meet the world’s energy and climate challenges. Corn ethanol is not a sustainable or scalable solution. Solar energy generated from existing technologies remains much more expensive than energy from fossil fuels. While wind energy is becoming economically competitive and could account for 10 to 15 percent of the electricity generated in the United States by the year 2030 (up from less than 1 percent now, according to the US Energy Information Administration), it is an intermittent energy source. Better long-distance electricity transmission systems and cost-effective energy storage methods are needed before we can rely on such a source to supply roughly 25 percent or more of base-load electricity generation (the minimum amount of electrical power that must be made available). Geothermal energy, however, can be produced on demand. A recent Massachusetts Institute of Technology (MIT) report suggests that with the right R&D investments, it could supply 10 percent of US power needs by 2050 (up from about 0.5 percent now).”

So at least the view from the Potomac is pretty clear.

On balance, I would read Secretary Chu's remarks a bullish for geothermal energy, thermal solar and storage.

Market for Electric Vehicle Batteries Is Heating Up

Now all we need is a clear answer to global lithium supply questions.

news.cnet.com/8301-111...

The Sun Is Not Also Rising Over Solar Stocks

Coal and nuclear are pariah technologies and we're spending a third of a trillion dollars a year for oil imports. The economy can no longer support that kind of annual bloodletting. Solar and wind are the only rational way out of the mess we've created. That makes solar manufacturers essential infrastructure companies. It will be survival of the fittest, but the fit will certainly prosper.

Renewable Energy Is at the Center of the Presidential Debate

Qualified solar energy property includes power storage and conditioning devices connected to a solar generating system. While the tax credit extension will provide a big boost to panel producers, I think the storage device companies that trade with P/E multiples of 6 to 10 will be far greater beneficiaries than the panel producers who sport much higher P/E multiples.

For more information, see my series of SA articles on the storage sector.

Goldman Turns Cautious on Solar Sector

Expansion of the tax credits is great for solar because it eliminates the old $6,667 per taxpayer cap and makes utilities eligible. It is even better for the storage and power conditioning equipment manufacturers who were effectively frozen out of the old credit regime by low limits. If you want a glimpse of the next big alternative energy sector, review my SA series on energy storage.