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Secretive energy startup backed by Bill Gates achieves solar breakthrough

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Wow, capitalism is actually solving the problem without help from the government. I guess the conservatives were right all along :)

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3 minutes ago, mpt said:

Wow, capitalism is actually solving the problem without help from the government. I guess the conservatives were right all along :)

I'll have you know I'm a Liberal capitalist thank you very much. 

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12 minutes ago, Ronaldoescobar said:

Interesting.... Swear I’ve seen experiments in the past doing this although that may have been related more to do with light sail travel in space...

 

Either way the ppl trying to make money off it will love it and the ppl who are threatened with losing money will oppose it.. Climate change/environmental pros/cons are background noise and dismissed. Money and greed make the world go round.

As opposed to what? Venture capitalists look for a 20:1 ROI potential because 9/10 development projects they invest in fail. 

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3 minutes ago, Jimmy McGill said:

I'll have you know I'm a Liberal capitalist thank you very much. 

total fraudster  :P

 

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1 minute ago, Shift-4 said:

total fraudster  :P

 

not at all. I want as much development and capitalism as possible so we can tax the crap out of it. 

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Just now, Jimmy McGill said:

not at all. I want as much development and capitalism as possible so we can tax the crap out of it

fraudster alert :frantic:

fraudster alert :frantic:

fraudster alert :frantic:

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36 minutes ago, xereau said:

Its not always sunny everywhere. The batteries lose efficiency at a rate that makes them economically unsustainable, and, here is the kicker, the carbon dioxide to mine the rare earth minerals to make their "world saving technology", is killing the world (according to their own metrics).


This is just another scam, and its probably got billions of tax dollars behind it, because, well, all of the so called philanthropists do.

 

28 minutes ago, Lancaster said:

Because Rare Earth Elements has no environmental or political impact now?

Well it's pretty obvious you didn't actually read the article and just went on a silly 'anti-solar' tirade :lol:

 

They're not creating electricity, they're creating heat. And using AI controlled mirrors (ie: not solar panels) to intelligently focus the suns rays at a single point, to create extremely high heat that would be needed in industrial applications.

 

Now there's no specific info in the article on what the mirrors being used are made of and there could very well be some rare earth metals in there, I have no idea. I suspect if there are, they're at a far lower percentage than in what are commonly referred to as 'solar panels'. But perhaps in the future you'll take a minute to actually read up on a subject before simply defaulting to your biases and ideology to actually intelligently asses and discuss something.

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8 minutes ago, Jimmy McGill said:

As opposed to what? Venture capitalists look for a 20:1 ROI potential because 9/10 development projects they invest in fail. 

idk... the suns gravity ;P 

 

As opposed to a higher cost for a cleaner alternative. Not saying that is the case in this situation. My comment was more about those that stand to lose money if this technology makes gains (IE: oil and gas / nuclear etc etc) will be against it.

 

Venture capital is a gamble and tax credits aside if youre banking on 20:1 ROI with a chance of success of  <1 in 20 then you may as well play the lotto or hit the casino imo. 

 

 

 

 

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7 minutes ago, Ronaldoescobar said:

idk... the suns gravity ;P 

 

As opposed to a higher cost for a cleaner alternative. Not saying that is the case in this situation. My comment was more about those that stand to lose money if this technology makes gains (IE: oil and gas / nuclear etc etc) will be against it.

 

Venture capital is a gamble and tax credits aside if youre banking on 20:1 ROI with a chance of success of  <1 in 20 then you may as well play the lotto or hit the casino imo. 

oh for sure, without the tax credits you wouldn't see nearly the same level of investment. And many of them are pretty much playing the lotto. Just checked the recent numbers, its more like 8/10 fail or never pay out. 

 

Its all very risky, the idea that its the patent driving costs is kind of out in left field. 

Edited by Jimmy McGill
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37 minutes ago, mpt said:

Wow, capitalism is actually solving the problem without help from the government. I guess the conservatives were right all along :)

ITT we find this story being used as (1) government being blamed for wasting tax dollars on a useless project AND (2) an example of what can be accomplished when government gets out of the way. Bravo CDC. 

 

I have no idea whether this will be worthwhile or not. It is just crazy how quickly people are to hop on one side of the fence or the other. People can't possibly know from this little news article whether the project will be successful or not. 

 

 

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52 minutes ago, Jimmy McGill said:

why would anyone put up the risk capital Alf if they didn't have a patent? the people designing this thing are taking huge financial risks. Development projects tank all the time and no one is there to bail those folks out. They deserve to reap some rewards from their hard work, just like anyone else. 

I thought these people were being philanthropic?  If we are truly going to save this planet, then we need to stop worshiping the "Golden Calf".  Selfishness is the tragic flaw of humanity.  

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2 minutes ago, Alflives said:

I thought these people were being philanthropic?  If we are truly going to save this planet, then we need to stop worshiping the "Golden Calf".  Selfishness is the tragic flaw of humanity.  

Gates is. He's risking a boatload of his cash for something with a low chance of succeeding that, if it works, will help us all. 

 

Yes we're selfish. Its the most powerful thing we have for change. Do-gooder hippy types can hit the bong and wish for things to happen, guys like Gates help make things happen. 

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39 minutes ago, bishopshodan said:

Only a couple pages into the thread and this has been written off by some on CDC. 

 

Well done.

You're welcome. :towel:

Seriously though.  The blind acceptance of what is proscribed by others to be in our best interest is a recipe for disaster.  We need to ask questions, and then determine from the answers if we are in support, don't we?  Discussion is healthy, and those who choose turn turn away (because they disagree with others' opinions) are implying their voice is the only one of value.  

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Just now, Jimmy McGill said:

Gates is. He's risking a boatload of his cash for something with a low chance of succeeding that, if it works, will help us all. 

 

Yes we're selfish. Its the most powerful thing we have for change. Do-gooder hippy types can hit the bong and wish for things to happen, guys like Gates help make things happen. 

Great!  Then take off the patent, and share the technology.  Help other countries' business (with technological support, and non profit ideals) to grow the industry, and save the planet.  Why worship the "Golden Calf".

I think I enjoyed that in the original series Star Trek there wasn't money used.  We did what was best for us all, because it was right.  Again our selfishness will lead to our ultimate demise.  

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38 minutes ago, Shift-4 said:

fraudster alert :frantic:

fraudster alert :frantic:

fraudster alert :frantic:

wait... are you calling me a fake Liberal or a fake capitalist? 

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Just now, Alflives said:

Great!  Then take off the patent, and share the technology.  Help other countries' business (with technological support, and non profit ideals) to grow the industry, and save the planet.  Why worship the "Golden Calf".

I think I enjoyed that in the original series Star Trek there wasn't money used.  We did what was best for us all, because it was right.  Again our selfishness will lead to our ultimate demise.  

can't do that. No one will invest and you'll get nothing. 

 

The patent system is one of the main drivers of tech change. You get to seek investors because of it, and make money for getting it out into the world. AND, someone else gets to see how you made it in enough detail so someone else can make it (thats the basis of patent law) and they then turn around and make something even better. Its genius. 

 

I think our selfishness and tech will save us. 

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1 minute ago, Jimmy McGill said:

can't do that. No one will invest and you'll get nothing. 

 

The patent system is one of the main drivers of tech change. You get to seek investors because of it, and make money for getting it out into the world. AND, someone else gets to see how you made it in enough detail so someone else can make it (thats the basis of patent law) and they then turn around and make something even better. Its genius. 

 

I think our selfishness and tech will save us. 

If there was no patent, and the wealthy (Gates) along with government shared the costs of developing the technology for the sake of saving the planet, what is wrong with that shift in how we do things?  Yes, it's closer to socialism, but (Maybe?) the sharing of ideas and costs among governments (the people) is the only way this planet will survive?  The old way of patent, develop, profit has got us into this climate mess.  I'm suggesting a paradigm shift.  Jimmy, I thought you were a lefty?  Heck, I'm sounding like the lefty here.  

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10 minutes ago, Jimmy McGill said:

wait... are you calling me a fake Liberal or a fake capitalist? 

Yes  ::D

 

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