‘Silver Bullets’ for Solving the Energy Crisis #5 – Develop, Install a New High Voltage Wire
Submitted by EnergyTechStocks.com
Every energy expert says there is no single “silver bullet” for solving the global energy crisis. But that doesn’t mean there aren’t a bunch of silver bullets, each one of which might solve a part of this crisis, and do so in a way that makes investors a lot of money. EnergyTechStocks.com has loaded up its six-shooters with silver-bullet solutions to different aspects of the energy crisis which, in its opinion, aren’t just technologically feasible but, just as important, politically and financially viable as well.
Silver Bullet #5: Create a crash program to develop and widely install a new high-voltage electric transmission wire, one that beats today’s high voltage wires in terms of the amount of electricity that can be transported over the same network.
Consider the story of Composite Technology Corp. It has a patented new high-voltage wire made with an aluminum composite core. The company believes that its product is far superior to the wire in use throughout the world today. Still, the company has had a hard time convincing anyone in America, and so its sales have been primarily in China.
A company like Composite faces two big obstacles. The first is that there isn’t a federal government program that would effectively give its new wire the seal of approval it needs in a world (the world of electric utilities) where change comes slowly, if at all. Second, even if Composite’s wire had the U.S. government’s seal of approval, because it costs more than the copper cable in wide use today, it still mightn’t sell, because utilities make money on how much power they sell, not on how efficiently they transport and distribute that power.
A crash program for developing the best, most efficient high voltage electrical wire possible could do wonders in terms of saving the nation energy and avoiding the deadly increase in greenhouse gas emissions (GHG) that’s been forecast as a result of an expected increase in electrical generation from coal-fired power plants. Nobody wants to pay more for their electricity, and whatever new high voltage cable was deemed the best, consumers’ utility bills might go up. Then again, they might not, as utilities were able to avoid the cost of building additional power plants.
For investors, Composite Technology would appear to be a company worth watching, although the bureaucratic impediments to its success (at least in the U.S.) clearly are substantial.
