The following information from the Energy Information Agency shows why the short term dream of alternative energy is just that… a dream. Why Governor Markell, arguably an intelligent guy, can’t figure this out, despite the prevalence of the facts, is a mystery. There are some hints to the mystery’s solution, however. Al Gore, the patron saint of “Man-made” global warming, is a partner with Kleiner Perkins, the Venture Capital firm that brought both Fiskar Automotive & Bloom Energy to Delaware.
Governor Markell is being fooled at the expense of Delaware’s economy and small businesses. At least he is being fooled by smarter people than fooled Ruth Ann Minner. The outcome remains the same… Whither Delaware.
|Energy Information Agency||Installed Base 2010 MW||Electricity Gen 2010 mm MWh||% of Total Gen.||Implied Capacity Factor||EIA Levelized Cost 2016 per MWh||<—Levelized cost incorporates upfront and ongoing capital costs, cost of capital, fuel and other operating costs, capacity factor and related power transmission investments (in 2009 dollars) for new construction|
|Coal||316,800||1,847||45.40%||67%||$95 – $110||Abundant and cheap, but with a substantial range of environmental problems|
|Natural gas||407,028||988||24.30%||28%||$60 – $70||Capacityfactors understate potential utilization|
|Nuclear||101,167||807||19.80%||91%||$114||Efficient once built; very expensive to build (costs rising sharply in recent decades)|
|Hydro||78,825||260||6.40%||38%||$86||Most viable sites already in use after incentives in the 1960s-1980s|
|Wind||39,135||95||2.30%||28%||$97||Low capacity factor, maturing technology; cost more than doubles offshore|
|Biomass/wood||11,406||56||1.40%||56%||$112||Expensive to aggregate and collect; high capital costs relative to energy density|
|Geothermal||2,405||18||0.40%||85%||$102||Very expensive, except near areas with active geothermal reservoirs|
|Solar PV/CSP||941||1||0.00%||15%||$210 – $312||Expensive, low capacity factors; this segment is commercial (non-res) installations|