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Global Warming Solutions Initiates R And D For 1MW LETG Solar Power Plant
Houston TX (SPX) Feb 18, 2008 Global Warming Solutions announced that the company initiated research and development for a small LETG Solar Power Plant with a capacity of up to 1MW. The LETG (Light Electric Thermal Generator) is a hybrid solar and thermal energy technology that generates energy by heating up liquids that circulate on the surface of a solar panel to produce electricity even during periods of no sunlight. Recently Global Warming Solutions announced that it was preparing to develop a prototype electricity generating power plant based on the LETG technology. The plant would be a combination of an LETG with a low temperature thermal turbine. "The LETG produces both electrical and thermal energy," said Dr. Alexander Kornaraki, Chief Operating Officer of Global Warming Solutions. "Electrical energy is produced by a photovoltaic process and thermal energy is gathered by the LETG heat-transfer medium. We will now be adding a low temperature heat to energy converter that will produce even more electricity from the LETG." The rated levelized cost of developing the LETG Solar Power Plant is projected to be 1.9-2.2 times less than the levelized cost of a conventional Solar Thermal Plant. Community Email This Article Comment On This Article Related Links Global Warming Solutions All About Solar Energy at SolarDaily.com
Bonus Depreciation For Renewable Energy Projects Completed In 2008
Portland OR (SPX) Feb 15, 2008Late last week Congress passed the Economic Stimulus Package of 2008 (the Act), which President Bush is expected to sign into law this week. Although the proposed extensions of the production tax credit (PTC) and investment-based energy credit were removed from the bill before it was passed, the final version of the Act does contain a bonus depreciation provision that could provide significant economic benefit for certain renewable energy projects that are acquired and placed in service in 2008. |
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