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Originally Posted by dc_dux
From a quick read of the US News article...this caught my eye....go figure: ...Range Fuels, a Broomfield, Colo., firm founded by Khosla, aims to beat that projection by two years. One of six companies that received Department of Energy grants to accelerate the new technology, Range will be the first to break ground on a commercial plant on November 6 near Georgia forestland, where it plans to refine abundant timber-industry waste wood. Much of the private geothermal work is also underwritten by federal grants.
Many of the recent advances in solar technologies are building on nanotechnology developments resutling from federal R&D. |
Hey take it if you get it, and thats a good use of federal money in my book, but the technology itself ...
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All the innovations came from the little companies that had breakthrough technologies. The chances of any one experiment failing may be high, but the chances of all the experiments failing is very, very low...
Just the sort of optimism that's helped make Silicon Valley the world's leading center of innovation. And just the sort of attitude that seems to be finally cracking through the technological puzzles whose solutions will change the way we power the global economy and our lives
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Edit: I'll also add it mentions google as a major underwriter of solar power advancements. Go Go private sector.
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One firm that has been working with P&G (solar power) is Austra.....received 40 million in backing from investors...to promote the big idea
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I'm typing this so not the whole quote.
In short, this isn't a government led advance, its a private sector led advance that the government is helping to sponsor as well.