While covering alternative energy stories over the years I have mentioned many different innovations and the companies who develop them into products. Often times the companies are start-ups with big plans for the future. It has now been long enough that this blog roll contains a history of some companies from inception, to going public, to mass production, and then….decline.

Solyndra (and its scandal) went from boom to bust fairly quick. For First Solar the process has been a bit longer and they are certainly not busted…yet. I have followed the company since it went public and even cheered when their stock price rose above $160 dollars back in 2007. Here was a U.S. company using a fairly new technology (thin film solar panels) becoming a world leaders. The future looked bright. Unfortunately the future was built upon a house of cards. The housing crisis hit in the and revealed that much of the world’s economy was running on a mountain of debt, not the production of real goods and services. The debt crisis has been slow to unfold over the last 2 or 3 years but it is now hitting home in Europe where First Solar (FSLR) had traditionally been quite strong. FSLR is closing its plant in Germany – story here (use google translate to read it in English). The gist of the article is that European Nations are ending most of their alternative energy subsidies and this means the solar market is kaput. I knew that solar production was somewhat dependent on government subsidies but I didn’t realize it meant nearly everything in Europe. FSLR is also laying off some employees in Malaysia. The stock price today, $18 and change.

It is a sad turn of events for those of us who are optimistic for a clean energy future. It just shows once again that central planning does not work out very often. It is very difficult to force things into the market that are not cost competitive. The one bright spot is that so many solar panels have been  produced in the last couple of years (a lot in China) that there is an over-supply on the market and the prices are the cheapest they have ever been in relationship to the price of oil. I have been saving up some money to buy an electric car, but I might use that money on some dirt cheap (relatively speaking) solar panels instead. I was thinking about starting simple and just installing enough capacity to run the water heater, or maybe get a new solar water heater.

Then again, natural gas is also dirt cheap right now, and I mean really dirt cheap! Running the water heater with natural gas is barely costing anything. Natural gas is so cheap that I was thinking about buying a conversion kit for my car. According to a TV report I viewed a couple weeks ago, the cost of running your car on natural gas is less than half of running it on regular gasoline. At that rate, and $4 per gallon gasoline, it would not take too long to pay for itself. But I would need to fuel it up somewhere.

Kulps' Stratford CNG Station

Thankfully some forward-thinking business people in the area are already planning for more compressed natural gas (CNG) usage. Kulps of Stratford have already installed a fueling station. Maybe more will follow. Many truck fleets around the U.S. are already converting completely over to CNG, and saving A LOT of money in the process. It is a good thing.

At this point you might be thinking it is not such a ”good” thing, after all, CNG is a fossil fuel. And what about the fracking problems? First of all, the fracking problems, according to many scientists, are overblown. Second of all, CNG is the cleanest realistic fossil fuel we could use in order to clean up the air and environment, while we continue to develop better technologies (like solar and nuclear) for the future. Forget biofuels, most of which are beset with environmental and financial problems. CNG is where it is at for the short term to clean up the environment AND act as a bridge to a cleaner alternative energy future. I think environmentalists are making a HUGE strategic mistake by battening down the hatches and giving it all they got to shut down natural gas production.

Considering AGW, natural gas would not seem like a good solution until you compare it with coal, oil, and biofuels. If developed nations switched most of their energy production and transportation infrastructure over to natural gas for the next decade we would emit a lot less carbon dioxide. Not only that, it burns sooooooo much cleaner that we would simultaneously clean up the air land and water. Not only that, we would save a lot of money and stimulate the economy! Not only that, the government wouldn’t be wasting billions of dollars in loan scandals like Solyndra. In fact, the government would receive a mountain of money from drilling royalties. And the biggest “not only that” – maybe there would be less support for destructive bloody wars in the Middle East. They could keep their oil because the U.S. is literally drowning in natural gas. Did I mention that natural gas can be made from waste material as well? Natural gas seems like the ideal bridge fuel. Now if only the government would get out of the way.

Have a pleasant Wednesday! Meteorologist Justin Loew.

Posted under AGW, Alternative Energy, Climate Change, Pollution