Thursday, February 7, 2019

Worries About Green New Deal

I worry that The Green New Deal will be a rehash of The Gangrene Old Deal


Let's look at Bloom Energy in Delaware.  Bloom set up a LLC called Diamond State Generation Partners to operate 30 megawatts of Bloom Boxes in Delaware.  Bloom charges Diamond State Generation Partners approximately $15 million a year to maintain and operate the boxes not including the natural gas.  The boxes generate approximately 220,000 mwh per year.  This means the O&M costs are approximately 7 cents per kilowatt hour.  The gas costs are another 3 cents per kwh.  The cash costs of operation are therefore around 10 cents per kwh.  This is without paying for depreciation, interest, or capital recovery by the equity partners.  

Bloom lied that could generate power for around 9 to 10 cents a kilowatt hour including all capital costs such as depreciation, interest, and profits to the owner of the Bloom Boxes.  Bloom simply lied to get Credit Suisse to be their 99% tax equity partner in the Delaware deal.  They lied to other customers about their cost of power generation.  They lied to investors who bought their stock.  They lied to to the so-called Green Press like Greentechmedia.

Deep State Doerr who owns Schumer The Bloomer, The Democrats and Obama is the poster child of the Old Gangrene Deal.  He and his friend Vinod Khosla took a bunch of money from the DOE for the DOA gangrene schemes like, Cello, Range, Kior, Amyris, Gevo, Bloom, Fisker and others.  Sadly AOC never studied Thermodynamics and her GREEN NEW DEAL is a rehash of Obama's GANGRENE OLD DEAL.  


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  67. It's crucial to scrutinize claims made by companies, and the case of Bloom Energy in Delaware is a stark reminder of the importance of transparency. The revelation that Bloom charges approximately $15 million a year to maintain and operate their 30-megawatt Bloom Boxes, coupled with additional gas costs, adds up to a significant cash cost of operation. When you consider this without factoring in depreciation, interest, or capital recovery, the numbers don't add up to the initial promises made by Bloom Energy.

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  68. Concerns about the Green New Deal primarily revolve around potential economic ramifications and the feasibility of its ambitious goals. Critics worry that the massive government spending required for renewable energy projects could lead to substantial national debt and tax burdens. Skepticism also surrounds the ability to rapidly transition from fossil fuels to renewable sources without disrupting existing industries and jobs.
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