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  • Obama Is Greentech's New Genie in a Bottle [View article]
    Good reading – thanks.

    BATTERIES:

    I hope there is not much money going to battery development. We already have the next generation battery that is well suited for plug-in hybrid electric vehicles (PHEV), the LiFePO4 (Lithium Iron Phosphate) battery, also called LFP. It is a dramatic advancement in battery technology. It has only entered commercial production in the last 2 years. All we need is incentives to purchase PHEVs. Seems to me the companies lobbying for battery development money are the ones that missed out on this new battery technology.

    A123 Systems is a private American company that is a leader in its development. I am watching for its IPO which has been delayed due to the credit crisis. I also like BYD of China (BYDDF.PK and 1211.HK) which makes batteries and autos. I just released a PHEV using their version of the LiFePO4 battery. Warren Buffet is an investor.

    SOLAR:

    Solar is another area that does not need money for basic research and development. The technology is already there. It just needs strong demand to achieve greater cell and manufacturing efficiencies to reach grid parity. I would like to see strong incentives to put solar panels on homes, and build solar farms.

    This strong incentive could be a direct federal payment for 50% of the price of a solar system with the percentage dropping each year so people have an incentive to do it this year. Installing solar panels not only increases our energy independence (national security), and address global worming, but it makes people spend money they are sitting on (economic stimulus), and puts local US people to work installing those systems (help employment). Close to half the cost of a solar system is installation.

    Note that though many home owners are struggling because of the economy, many are just sitting on their money, putting off home improvements, because the future is unknown. Installing solar panels may look like a smart home improvement because it cuts electric bills in that unknown future.
    Jan 06 12:30 pm |Rating: +1 0
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