News that Neptune Energy has been given the go-ahead to place an experimental turbine capable of producing 1MW of power in 80m of water 4.5km off the south coast of Wellington.
Director of Neptune Energy, Chris Bathurst says;
When we first started this people said it wasn’t technically possible. Then they said the fishermen would never allow it.
Bathurst’s calculations suggest there is enough tidal movement in Cook Strait to generate 12GW of power, more than one-and-a-half times New Zealand’s present generation capacity.
That’s a pretty compelling figure.
This isn’t my normal topic, but I can’t resist. I’ve secretly always harbored a dream that NZ might really make something of itself. Do what Germany & Japan did post WWII & Ireland have done recently & recreate their economies. To me, the easiest way to do this was to remove our dependency on the outside world for products. My reasoning? It just seems quite similar to any addiction, at some stage, if you are going to get ahead you have to break the habit.
So I was quite enamoured by the NZ herald article that states
that New Zealand was one of just a handful of places identified worldwide that was well placed to become carbon-neutral for transport, given advances in biofuel technology…..New Zealand could be a world leader in the field and was already getting international attention because it could be self-sufficient given the ratio of vehicles to land available.
Fantastic, love the grand vision, why not!…Then I thought about it, and then I found some problems with this approach.
- we need a government who has the long term interests of the nation at heart, not the next re-election, this is after all a 40 year plan!!
- If we are the only country that can do this doesn’t that mean other more powerful / innovative countries will solve the oil / transportation issue in their own way & we end up with an orphan technology? (Cuba anyone?)
- 25 yrs @ $ 2-3 billion a year…. To be honest if we couldn’t invent something better technically, sooner and with a better NPV return and that didn’t rely on combustion to create energy with $100 -150 billion then we should be shot.
I do applaud the vision though is sincerely hope that one little nation can, & will be a leader in alternate energies for our planets sake as well as for our economy.
So, if we were serious about this kind of nationwide transformation, and we had loads of cash, what do you folks think NZ could do? What is your grand vision?
Not software related but definitely hi-tech and a NZ success story in the making.
News this morning that Windflow Technology reports an improved six month position. They’re still running at a loss but less so than in previous periods. Good things on the horizon include;
- Orders for 30 turbines for the Te Rere Hau wind farm near Palmerston North. This brings to 44 the number of turbines either in production, or scheduled for production. Five have already been installed at Te Rere.
- Currently bidding to supply the proposed Mt Cass wind farm in North Canterbury which will have 80 turbines
- In the running to supply two turbines to a Hawaiian project.
Keep up the good work Windflow
Yet another high-flying Silicon Valley entrepreneur is planning to capitalize on the growing popularity of “green” technology, and to do it, he’s tapping the wisdom of crowds as well as their cash.
Steve Newcomb, a co-founder of search startup Powerset, is in the early stages of launching a venture-capital fund that would accept green investments as low as $100, with a maximum investment of $1,000.
Cool. I posted yesterday about cleantech in general and NZ Windfarms lts in particular. I got a reply which indicated some stumbling blocks for cleantech investment, namely poor investment targets and limited ROI. While a crowdsourced VC targeting cleantech won’t solve these issues per se, it will give cleantech startups the impetus to become more realistic and chase both the green nirvana and business viability.
Clean tech is the big thing of the future. It’s also (relatively) insulated from the sub prime woes as no matter the economy, Kyoto continues.
Strange then that WindfarmsNZ share price has slumped so markedly of late. Especially so given the good performance just released. Windfarms is poised to leverage both gains made by its sister company Windflow New Zealand, and also to make significant gains from the coming to prominence of clean and renewable electricity generation sources.
Diversity’s advice would be to buy on these ones (but bear in mind that Diversity’s advice comes cheap (well free) with all care but nix responsibility!)