Why Solar PV Power Plants Will Fundamentally Change the Way We Power the Planet
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A Joint Production of the USC Urban Growth Seminar Series and the Schwarzenegger Institute for State & Global Policy. Over eighty percent of the energy used worldwide today is from fossil fuels. That’s a changing paradigm though as renewable energy continues to gain momentum, and proven technologies such as solar power are rapidly growing more cost effective and efficient. Join Dr. Buttgenbach for this presentation as he explains why photovoltaic (PV) power plants are becoming mainstream, and what economic and technological factors are driving this growth. Topics discussed will include national and global renewable trends, irradiance patterns, solar pricing vis-‐à-‐vis natural gas, energy storage, distributed versus utility generation, and more. This session will appeal to renewable energy experts and novices alike. Speaker: Tom Buttgenbach, Ph.D. President and Co-Founder, 8minutenergy Renewables Discussants: Detlof von Winterfeldt Director, Center for Risk and Economic Analysis of Terrorism Events Professor, USC Bonnie Reiss Global Director, Schwarzenegger Institute for State & Global Policy Tom Buttgenbach, Ph.D., is president and co‐founder of 8minutenergy. He brings over 20 years of executive management experience in large-scale solar PV, land entitlement, project development, M&A, and capital structuring and origination. Tom has led transactions totaling over $5 billion involving over 15,000 acres of land development, and closed over 1,400MW in power purchase agreements. Prior to co-founding 8minutenergy, he was a successful entrepreneur and fund manager working on Wall Street with Alliance Bernstein, a $500 billion fund, leading the investment banking group of RCLCO, where he has transacted and developed large scale real estate development projects in the US and Mexico, and as a project manager for McKinsey & Company in Europe and the US. He earned his Ph.D. in physics and astronomy from the California Institute of Technology.
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One problem in California electric utilities are a state sponsored monopoly with no government oversight. The only answer is people need to take back their power. On site power generation. The mega answer brings mega problems.
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Texas theres none of that? The state leads the nation in Wind Power production. What study did you look at?
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As you build up the sections. marry them to a 359 MW dynamo for long distance distribution.
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I agree/ disagree with the first speaker for the simple reason, I am an average person who does not want to be dependant on any large companies for my power. I would rather have my own roof top electricity from Solar Panels and my own battery bank. I am very sure that this is the way the World is heading to (battery homes in Australia especially Perth is a good example) considering the advances in PVs and Battery Technologies.
Wake up, mark my words, you WILL see diminished revenues from your Solar Cell company in just about 5 years time from now. We do NOT need more power lines but we DO need more roof top Solar Panels that can function on its own. Considering a conservative growth of 5% increase in Batteries power density and 7% decline in its costs, we will hit the parity with conventional power which means an average person will have Solar Panels on his/her roof top. Just look at Australia's Battery homes and how their utility companies are changing/ adapting their business models for their survival.
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