So called Green Energy, just refers to the colour* of money, in particular, the US dollar.
31 May: LA Times: Jerry Hirsch: Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies
Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.
And he’s built those companies with the help of billions in government subsidies.
Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.
“He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.”
The figure compiled by The Times comprises a variety of government incentives, including grants, tax breaks, factory construction, discounted loans and environmental credits that Tesla can sell. It also includes tax credits and rebates to buyers of solar panels and electric cars…
The payoff for the public would come in the form of major pollution reductions, but only if solar panels and electric cars break through as viable mass-market products. For now, both remain niche products for mostly well-heeled customers.
Musk declined repeated requests for an interview …
*colour, the Australian spelling.
Previously, hype powered cars …
Now, sit down and read this from a retired Power engineer, the real story about the costs involved. Have your power bill handy:
For all you Australians, take out your most recent electricity Bill and note how much the retailers charge you for every KWH (KiloWattHour) of electricity.
The smallest part of that total unit cost of the KWH total goes to the actual entities which generate the power you consume.
The retailers have contracts for the electricity that they purchase from those generating entities, and when they add the totals for what they have to pay and the power actually purchased, they average it out to a single unit cost per KWH, and it’s still the smallest part of the overall retail cost.
Far and away the cheapest price the retailers pay for the generated power is for coal fired power. That total comes in at between 2.5 and 3 cents per KWH, around 8% of what you pay at retail.
The costliest power that retailers have to purchase is rooftop solar power fed back to the grid from those (now 1.4 Million installations) who have rooftop panels. The cost that retailers have to pay for that power varies between 35 and 70 cents per KWH. (some retailers add on an extra bonus here for panel owners) As you can see, the cost retailers have to pay for that rooftop power fed back is in virtually every case higher than the retail price they can actually sell power for.
Now, for panel owners considering going off grid and buying batteries to supply power after hours, add up the cost of the panels, and their replacements when they are no longer viable, inverters, and their replacements. Batteries and their replacements, and here, do it correctly, not the least viable method, the ongoing maintenance, the installation of the original system and all replacements.
When that exercise is completed, then compare that with the original unit cost for coal fired power, around 3 cents per KWH.
There is no comparison.
Oh, and for all you Americans, look at your unit cost for every KWH. Similar costs apply there as well. The unit cost for the power which was generated from Nuclear Power Plants averages between 0.8 and 1.3 cents per KWH.
Odd, isn’t it? The cheapest forms of generating power are the most vilified. The single most expensive ways to generate power are made to seem to be the most attractive.