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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (38274)9/15/2003 5:20:35 PM
From: Haim R. Branisteanu  Read Replies (2) of 74559
 
There are other technologies which are profitable from an economic aspect to supply electricity on peak demand.

Are you familiar with the LUZ (spl?)project in California? ...... parabolic mirrors heating oil to generate steam to run a steam turbine.

eia.doe.gov

Although the company went out of business in 1992, its plants continue to produce electricity today. During Luz's existence, the cost of solar electricity was cut from 25 cents per kilowatthour to less than 8 cents.(5) Luz's Solar Energy Generating Station failed economically because: (1) natural gas prices and electricity costs did not rise as expected; (2) operating and maintenance costs for the station did not decline as rapidly as had been expected; and (3) key tax incentives were expiring or uncertain.
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