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Power Earth The Almighty Buck

Bill Gates Investing $2 Billion In Renewables 292

An anonymous reader writes: Bill Gates has dumped a billion dollars into renewables, and now he's ready to double down. Gates announced he will increase his investment in renewable energy technologies to $2 billion in an attempt to "bend the curve" on limiting climate change. He is focusing on risky investments that favor "breakthrough" technologies because he thinks incremental improvements to existing tech won't be enough to meet energy needs while avoiding a climate catastrophe. He says, "There's no battery technology that's even close to allowing us to take all of our energy from renewables and be able to use battery storage in order to deal not only with the 24-hour cycle but also with long periods of time where it's cloudy and you don't have sun or you don't have wind. Power is about reliability. We need to get something that works reliably." At the same time, Gates rejected calls to divest himself and his charitable foundation of investments in fossil fuel companies.
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Bill Gates Investing $2 Billion In Renewables

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  • by abies ( 607076 ) on Monday June 29, 2015 @10:51AM (#50012005)

    Always a dichotomy between renewables versus fossil fuels. Either you are hippy windmill-hugger or bad CO2-spewing coal monster.
    Maybe, instead, he could throw few billions in direction of 4th gen nuclear power and give us another 1000+ years to focus on solving fusion and/or proper renewable energy research/storage etc?

    • by Anonymous Coward on Monday June 29, 2015 @10:58AM (#50012061)

      Do you seriously think Billy boy isn't well aware of Nuclear?! Watch this:
      http://www.ted.com/talks/bill_gates?language=en

    • by Adriax ( 746043 ) on Monday June 29, 2015 @11:02AM (#50012109)

      Due to current regulatory hurdles due to nuke fears, a $2billion investment will pay for half a bathroom in a new reactor facility.

      • Sigh. As somebody said, those are safety measures and they are esp. needed for all the gen III crap out there. Instead , we should be doing gen IV such as trans atomic and flible.
    • Re: (Score:3, Insightful)

      by kheldan ( 1460303 )
      It's high time we got over our aversion to nuclear power. People treat it like it's inherently evil, when the truth of the matter is that any problems with it have been through mismanagement and poor planning. We can do better, and need to do better. Wind and solar, while nice and clean, probably aren't going to ever be capable of delivering all the power the world needs/wants. I'll be honest with you: I'm one of the people who voted to shut down Rancho Seco back in the day, and I'm the one now saying: We n
      • Re: (Score:3, Insightful)

        There was a time when people were very pronuclear, but the environmentalists fixed this problem. Why would they want to put themselves out of a job?
        • RE: 'Environmentalists'

          Which 'job' is it of which you speak, anyway?
          Some environmentalists are just fine. Some of them are complete zealots and outright whack-jobs. Remember that there are plenty of 'environmentalists' who preach that the best thing humanity can do for the environment is to commit suicide, preferably as an entire race, and allow the Earth to return to it's 'natural' state. For the most part ignorance, wilfull or not, is what got us into our current messes in the first place; extremists nee
        • by Thud457 ( 234763 ) on Monday June 29, 2015 @11:31AM (#50012355) Homepage Journal
          There was a time when people were very pronuclear, but the idiot motherfucking operators in Chernobyl and Fukishima fixed this problem.
          TFTFY.
          • Re: (Score:3, Informative)

            I'm guessing you're younger than I am, as Three Mile Island is what did in nuclear power in the US. The movie, The China Syndrome coming out at th he same time even gave the media a catchy term to go with it. Chernobyl was just more proof for the masses to realize how correct they were in their fears. Or that's what the no nuke crowd successfully told everyone.
          • Re: (Score:3, Insightful)

            by Mashiki ( 184564 )

            You mean the "don't run reactors without proper controls" don't (thanks environmentalists) stall upgrades on a first gen nuclear reactor in an earthquake zone? Yeah. We already know about the first, the second though pushed back upgrades on the reactors several times.

            It's not dissimilar to what happened at a medical reactor here in Canada. It didn't have a secondary or third backup system for various parts, and the environmentalists threw a hissy fit over and over and over again, and the government had e

      • I'm one of the people who voted to shut down Rancho Seco back in the day,

        And "thar's yer problem". Energy problems are all political [pbs.org] at this point, not technical. Nuclear plants are less dangerous than other forms of power, even including the crappy old light water reactors we have to deal with (and which should have gone extinct by now, except for politics, especially the dominance of public nuclear insurance).

        One thing Gates could do, that would be really good, is to advance the progress of superconduct

      • The biggest hurdle holding back nuclear power is the enormous upfront costs required to actually bring a plant online. They require a staggering amount of concrete and other materials to construct and it's extremely difficult to get all the cash together to do it. These are very high-risk investments with very long payback periods and a relatively small shift in commodity prices between the drawing board stage and actual construction can scuttle the whole deal.
      • by Tablizer ( 95088 ) on Monday June 29, 2015 @12:06PM (#50012645) Journal

        We may have to come to grips with the idea that it's just a hard sell. The long-term average death/illness rate may be much lower than say oil or wind, BUT people remember the "spikes" of accidents such as 3-Mile-Island.

        It's just easier to sell an idea that kills lots of people gradually in a predictable rate than one that kills nobody for many years, but occasionally hiccups in a newsworthy way.

        That's just the way it is. We can't change human nature, and mass nagging usually backfires. We probably have to just live with that fact unless somebody invents breakthrough persuasion technology.

        • BUT people remember the "spikes" of accidents such as 3-Mile-Island.

          Which just goes to show that people are beyod terrible at estimating risk. It's something like the third worse nuclear powerplant accident ever and no one died and very little leaked and pretty much all trace of that has gone. In the greater scheme of incidents involved in power generation, that's somewhere approching negative.

          We probably have to just live with that fact unless somebody invents breakthrough persuasion technology.

          Preach it,

      • when the truth of the matter is that any problems with it have been through mismanagement and poor planning

        And what's going to change that? It's already heavily regulated. As long as humans and corporations are involved it will be dangerous. History has proven us irresponsible with this technology and the damage it does is very hard to reverse and in some cases impossible.

        Wind and solar, while nice and clean, probably aren't going to ever be capable of delivering all the power the world needs/wants

        Wind in Ontario, Canada accounts for 6% of it's yearly production. That's more than I would have expected from a place not known for high wind speeds. Here's a chart for renewable energy. https://en.wikipedia.org/wiki/... [wikipedia.org]

        The fact is that as we

        • Yes, but as someone else also pointed out, solar and wind aren't really 'on demand' power, they're dependent on conditions being right for them to deliver. Current battery technology isn't going to cut it either, it doesn't seem like it scales up economically enough to be practical either. Perhaps in a future time we'll have an energy storage solution that is economical and efficient on a massive scale, and likely (since research is ongoing) even more efficient conversion of solar energy to electric, but fo
          • I agree. All I'm saying is that these other forms of energy aren't as obsolete as they appear. As you said there's progress to be had (especially with solar and energy storage) and if we get an affordable replacement for coal all efforts towards these technologies will be immediately dropped as there will be no real interest in them anymore.

          • The *only * piece of the puzzle needed for intermittent renewables to be practical is storage - and there are many many options beyond stacked 18650 cells.

            Pumped hydro (if the geography suits), reflow batteries with scaled-up electrolyte tanks, buried flywheels on magnetic bearings, lumps of concrete on inclined rails - the list goes on. There's something suitable for virtually every site, and it's all doable today, no breakthroughs needed. The only real concern is efficiency and economics - and those have

        • Re: (Score:3, Interesting)

          by towermac ( 752159 )

          What 'damage'? You got Chernobyl. Which was done on purpose.

          People like to point at Japan, but not to point out the futility of a 15 foot seawall against a 20 foot tsunami. And so far the 'damage' in Japan is noisy geiger counters. (There were 2 old men overexposed trying to fix generators - I haven't seen what happened to them.)

          There are so many people that think something bad actually happened at Three Mile Island. When I remind them that nobody died or even got sick; well they don't believe me. And then

      • Nuclear isn't evil at all. Heavy water nuclear reactor are however, stupid. Totally stupid.
        There are several nuclear designs which produce a fraction of the waste, cannot melt down and are non-proliferation. I expect that last item is exactly why they are not used.
        We do not need more heavy reactor plants.

      • You used the right word when you said 'need'. There are only two forms of power stored in the Earth's crust, carbon and nuclear.

        We eventually will have no choice in the matter, but today we can choose to delay advancement of the human condition as long as possible...

      • People treat it like it's inherently evil, when the truth of the matter is that any problems with it have been through mismanagement and poor planning.

        It's not evil - just dangerous. Dangerous in a way that is challenging to mitigate. No amount of planning or good management or (probably) engineering will make fission power not dangerous. Sure we can mitigate it to some degree (thorium, etc) but we have no technology or management system that can eliminate the possibility of a serious incident. Plus even if our management was perfect (which is impossible though it's generally been very good so far) there is always the possibility of a natural disaster

    • by mlts ( 1038732 )

      With how beholden we are in the US to coal/oil, I am happy to see -any-... yes, -any- progress in the energy field.

      I do agree -- nuclear is the way to go for the near and medium term. There is so much to be done with thorium reactors, and it would allow us to do things which would be cost-prohibitive now. Thermal depolymerization for example (which would render plastic trash into usable oil.) Desalination is another.

      The ironic thing is that some technologies wind up being embraced by the far left and rig

      • Best use of excess thorium generated electricity: Scrubbing the atmosphere of CO2, to be made into usable oil.

    • Perhaps he does not like nuclear power?

    • by AmiMoJo ( 196126 ) on Monday June 29, 2015 @12:00PM (#50012605) Homepage Journal

      $2bn will do bugger all for nuclear. Rich as Gates is, he doesn't have enough money to invest in nuclear to make any real difference. Besides, nuclear's problems are not really to do with a lack of money, at least not in the way that donating £2bn would help.

      On the other hand, $2bn in renewables will have a measurable effect. There is a lot of R&D, a lot of good projects that are pushing the technology forwards that he can put money into, all around the world. In many places they couldn't build nuclear even if they wanted it.

    • Tell them they and the NSA will have a new reason to spy on people and post boogieman terrorist stores so we can enjoy safe nuclear power.

  • The cost of the battery packs is still the biggest thing holding EVs back from being practical, and at the same time, if we can economically store electricity in a battery pack in a car, we can store it economically outside of cars for use during peak periods.

    Other companies can make facilities like Fairbank's BESS, [gvea.com] a 27MW 6.75 MWh UPS. While it can 'only' run for 15 minutes at full power, that's enough time to get other generators spinning.

    With a sufficient number of them, you wouldn't need constantly spi

    • by tomhath ( 637240 )
      Storing a few hours of power in a battery doesn't solve the problem.
      • the problem

        Your statement implies that there's only 1 problem, which I dispute. When it comes to powering our civilization, there are many interconnected problems.

        So which problem isn't being solved? The only one I claimed it would solve is the demand for power during peak periods. To be more specific, one of the problems with renewable energy today is that you need to keep a certain amount of 'spinning reserve' going in case the wind dies off and clouds cover the sun. If batteries become cheap enough, you can tur

    • There is no constant spinning power (plant) that back ups wind/solar.

      • You happen to have a citation on that? Because mine says the opposite. [nrel.gov]

        Power companies maintain spinning reserve [wikipedia.org] even when there isn't any solar/wind power. Fairbanks doesn't have significant amounts of solar or wind power, but they have the BESS irregardless. It enabled them to keep generation facilities at a lower state of readiness while still reducing power outages when a generation source goes off line(such as the inter-tie with Anchorage).

        • Power Companies maintain something like 2% of the total grid demand as spinning reserves.

          Just read the relevant law for that in your jurisdiction :D

          And please point out in which part of the document you believe you have found a contradiction. I don't see any.

          All the so called reserves in that document btw. are most certainly not "spinning reserves", I doubt that Germany has even a single "spinning reserve" plant in operation. Modern grids don't use that anymore, much to expensive and there are simpler mean

          • Just read the relevant law for that in your jurisdiction :D

            Why the hell would the spinning reserves be law? That's an engineering issue, not a legal one.

            And please point out in which part of the document you believe you have found a contradiction. I don't see any.

            You haven't provided a document for me to find a contradiction in. I provided sources saying that spinning reserve is a thing and that the demand for such is generally acknowledged to increase with solar power.

            I doubt that Germany has even a single "spinning reserve" plant in operation. Modern grids don't use that anymore, much to expensive and there are simpler means to have reserve power.

            Not a citation, not even a definitive statement. Read the documents. What 'spinning reserve' today amounts to isn't an idling generator, but something like running 5 generators at 80% power rather than 4

            • Why the hell would the spinning reserves be law? That's an engineering issue, not a legal one.

              Because it is law? At least in my country. And I'm pretty sure in your country as well. Or are the energy companies not by law required to guarantee undisrupted power supply for the population?

              You haven't provided a document for me to find a contradiction in.
              Why should I? Stuff that does not exist can not be found. You can not proof a negative.

              I provided sources saying that spinning reserve is a thing and

              • Because it is law? At least in my country. And I'm pretty sure in your country as well. Or are the energy companies not by law required to guarantee undisrupted power supply for the population?

                No, my country doesn't require 'undisrupted power supply' because that's a standard they can't meet. That being said, they do a very good job of it most of the time, as they don't get paid when they're not distributing power. As such, keeping a steady supply is an engineering problem, not a legal one. There's no legal requirement for them to keep a spinning reserve of any specific amount. They determine that themselves on the basis of historical trends and such.

                The document you posted is about reserve energy.

                One subcategory of which is spinning reser

    • The cost of the battery packs is still the biggest thing holding EVs back from being practical

      Disagree though I do agree that cost is a major issue - I just think it is not the biggest issue. The biggest thing holding EVs back is refueling time. Range anxiety is THE most common argument against EVs. Despite the logical argument that most people don't actually drive all that far in a given day, people need/want a car that can drive them 400 miles without worrying about refueling because sometimes they need to do that. Many people cannot afford multiple vehicles and if they want to go visit their

      • The biggest thing holding EVs back is refueling time.

        Tesla Supercharging stations. Charging time circles back to the cost of the batteries. I drive two vehicles that are 200 miles(motorcycle) and 300 miles respectively. I don't have a problem with them.

        Cheaper batteries would lead to longer ranged EVs, and bigger batteries can generally be charged in the same time as a smaller battery, you just use a higher wattage charger. So that helps take care of the charging time issue.

        If we can get all the 'second' cars most families have to be EV, that's enough pen

        • by sjbe ( 173966 ) on Monday June 29, 2015 @01:00PM (#50013153)

          Tesla Supercharging stations.

          Not good enough nor plentiful enough nor convenient enough nor standard enough. They take 45 minutes to get an 80% charge and over an hour to get a full charge. Plus they're not much use if you don't have a Tesla. They're a good effort in the right direction but not good enough by a long shot yet.

          Cheaper batteries would lead to longer ranged EVs

          With fast charging you don't need longer range EVs - we already have EVs that can do over 200 miles on a charge now with more on the way. With lighter batteries (at the same power output) you also would get longer ranged EVs so arguably you'd be better off trying to get a better power to weight ratio before worrying about lowering cost. I suspect that you'll see more car makers trying Tesla's model starting at the high end with EVs and then EVs will filter down to the lower end of the market from the luxury market as volumes build and technology improves.

          Basically you won't get cheaper batteries unless you can build them in larger quantities. You won't get to build them in larger quantities until you can convince them that they can refuel their vehicles in a convenient manner. There is however hope that through development of hybrid cars we can keep developing the batteries and increasing economies of scale until recharge times and ranges and prices are low enough to make pure EVs practical.

          If we can get all the 'second' cars most families have to be EV

          Won't happen. You will see a lot of hybrids which might eventually accomplish the same end but you won't see pure EVs until the range anxiety problem is solved. To do that you need to be able to refuel them substantially faster than current technology permits.

          the high cost of the battery pack limits range

          The power to weight ratio is what fundamentally limits range unless you are using fewer batteries than you could for a given vehicle. Beyond a certain point cramming more batteries into a vehicle results in diminishing returns to range (eventually becoming negative) and there are practical considerations (like passengers and cargo space) that limit the number of batteries that can be used as well. A Nissan leaf is a tiny car with an absurdly short range and doesn't have a huge amount of space for a large battery pack no matter what the cost is. While it works fine, for most people it's pretty limiting.

          creating range anxiety,

          Range anxiety is based on a combination of limited range and long recharge times. You could give the batteries away and you'd still have the problem.

          Still, Tesla is reportedly selling every car they can manufacture, which tells me that they don't need 400 miles, 250+ is enough.

          Tesla is selling a specialty supercar that costs $100,000. Practicality is not a paramount concern to someone who can afford a vehicle that expensive. Believe me I'd buy one in a heartbeat if I could but I'd still have another car with a gas/diesel engine. Simply visiting my parents house would exceed its range and I do that at least once a month. (no there isn't a supercharger along the route and using one would cause an hour delay to the trip)

          • Not good enough nor plentiful enough nor convenient enough nor standard enough.

            Wahhhh! A technology still in the deployment phase isn't yet deployed enough to cover everything! 45 minutes is quick enough if you're taking the recommended breaks, IE go have a sit-down meal in between.

            Or get a generator-trailer for those highway trips. Because remember, you can charge at home with an EV, as opposed to having to go to a gas station. Often at work.

            Finally, 100% solution fallacy. EVs don't need to be 100% of the market. You make them cheap enough, primarily by reducing the cost of the

  • Good on him (Score:5, Insightful)

    by kencurry ( 471519 ) on Monday June 29, 2015 @11:10AM (#50012181)
    I've never been a fan, but increasingly, I find myself admiring what he is doing with his wealth and time post-microsoft.

    Good for you Mr. Gates, use your money to try and do something positive in this world.
    • by Tablizer ( 95088 )

      It's rare that somebody is a jerk in all ways: we all have flaws in some area(s) or another, and being in certain situations magnifies them.

      I'm glad Bill's good side is coming out now.

      We in the west like to view people as either "good guys" or "bad guys", perhaps because it makes for more drama in media, which reinforces that view. But reality is often more nuanced.

      Maybe if the art academy had accepted the young Adolf, he'd only be known as a "decent German artist of the mid 20th century". Disaffected by th

  • by mark_reh ( 2015546 ) on Monday June 29, 2015 @11:13AM (#50012201) Journal

    in reliability? Wow!

  • A thought just occurred to me: Assuming in the near to medium-term future we had many many large installations of battery banks (ala-Tesla batteries, for instance) charging and discharging constantly, how much waste heat would be generated by this, and how much would that waste heat contribute to global warming (positively or negatively)? Purely theoretical, I know.
  • There are basically two fundamentally different ways how to install renewable energy.

    Local, for home owners or e.g. boats and grid scale.

    If you have a max demand of lets say 10kW, and the demand curve is mainly oscillating between 1kW and 5kw and only sparsely approaching 10kW, you can relatively easy figure how big your battery stack needs to be. Depending on: how long you want it to last in an emergency or dire situation. Also it is easy to make your rooftop solar plant big enough, like 1.5 to 2.0 times the peak demand.

    Note: you are building up a plant as combination of solar power generation and battery storage fitting your own load pattern (and geographical location and orientation of the house etc. ... and your budget)

    Switching the whole grid to renewables is a complete different matter. And storage technology is the least of all concerns.

    The daily load curve of a grid looks like this: night from roughly 1:00 till 5:00 the load is at 40% (Germany) or 60% (France) and for the USA somewhere in the middle. That number is called "base load".

    From roughly 5:00 to roughly 9:00 the load is ramping up rapidly to close to 100%. From roughly 21:00 till 1:00 the load is dropping down again to "base load".

    Between 9:00 till 21:00 the load is varying between 85% and 100% depending on country and usage pattern (e.g. lots of AC in the USA, nearly no AC at all in Germany).

    So: as long as your total installed wind + solar power is not at 100% of the daily demand curve: it makes no sense to store anything. Because you literally have no excess to store. This is basically the reason why in Germany most private roof top solar plants simply feed into the grid. And inhabitants simply draw from the grid.

    To get your night load from storage, just the 4 hours from 1:00 till 5:00 (lets say it is 50% of peak), you need 4hours during daytime where you generate 140% of your peak load and store 40% of that somewhere.

    On the other hand: wind is also blowing at night. So if your distributed wind plants can statistically feed more than 40% of your peak load constantly into the grid, and the grid can transport/distribute that power over your whole country: you don't need any storage at all, and you can safe the investment into 40% overproduction beyond the 100% peak as well as the storage.

    I would assume that a country like the USA already has enough pumped storage to simply switch to solar and wind. For Germany that certainly is the case.

    Pumped storage btw. is mainly used as reserve energy and balancing energy ... not simply as a "storage for excess production".

    I would like if energy articles would focus more on stuff that really matters instead of bringing up the "storage myth" every now and then.

    • Re: (Score:2, Insightful)

      by Overzeetop ( 214511 )

      Storage is not a myth. Talking about putting power into and pulling out of a "Grid" means nothing. When your production drops below your demand, you need storage. And your threshold for deciding what is "enough" should not be based on an average, or even on a 1% event. Having rolling worldwide blackouts 3x a year is not what I consider stable.

      • I suggest to reread, what I wrote, and grasp it.

        When your production drops below your demand, you need storage

        And how do you fill this storage?????

        You can only fill it if there is one point, and possibly not a point but a duration, in time where you produce more than you need.

        If you are not even close to produce what you need, then you certainly are not producing MORE than you need and then certainly you can not STORE ANYTHING for the time you are so afraid off, hence: before the grid is not close to 100%

    • So: as long as your total installed wind + solar power is not at 100% of the daily demand curve: it makes no sense to store anything. Because you literally have no excess to store. This is basically the reason why in Germany most private roof top solar plants simply feed into the grid. And inhabitants simply draw from the grid.

      So why does Fairbanks, AK have their Battery Energy Storage System? [gvea.com] To avoid outages, of course.

      I would assume that a country like the USA already has enough pumped storage to simply switch to solar and wind. For Germany that certainly is the case.

      It's certainly NOT the case in the USA, and more pumped storage is expensive(because of the sheer amount of earth-moving required), so we're looking for alternatives as is.

      As for renewables, more storage is practically required as renewables start exceeding about 40% of the supply. We're nowhere near that yet, but it's something to consider. This is seen as necessary because renewables produce on their schedul

      • So why does Fairbanks, AK have their Battery Energy Storage System? To avoid outages, of course
        I would ask them? Perhaps they are not connected to a grid and want to be self sufficient? Or they like to test nw technology?

        As for renewables, more storage is practically required as renewables start exceeding about 40% of the supply.
        No it is not. At which time of the day would you have surplus in such an amount that storing makes sense? There is none. Pretty simple.
        What you perhaps mean is that you need more

        • I would ask them? Perhaps they are not connected to a grid and want to be self sufficient? Or they like to test nw technology?

          Hint: I live there. I found out about the battery system in the little magazine all electric subscribers here get. We're not connected to the national grid, but we have an intertie with Anchorage.

          No it is not. At which time of the day would you have surplus in such an amount that storing makes sense? There is none. Pretty simple.

          Well now, how do you determine this? You're just declaring it like it's truth, with nothing to back it up. When would there be a surplus? Let's look at current examples: Hawaii, on the weekend, moderate weather. A good amount of sun, a lot of businesses are closed and people are out doing outside things. R

  • Bill Gates has dumped a billion dollars into renewables

    Dumping: deposit or dispose of (garbage, waste, or unwanted material), typically in a careless or hurried way.

    So either your point of view is that Bill Gates wasted two billion dollars on renewables because renewables are a waste.

  • Because his goals and your interests are now aligned.

    Broadly speaking, the Gates Foundation wants to improve the world. It doesn't care about making a profit, it just wants to get the most improvement for the money it has available to spend. It can choose freely what kind of energy production to promote, and it is clearly choosing based on a bang-for-the-buck basis.

    When Gates was running Microsoft, his goal was to make Microsoft bigger. Microsoft's mission statement of "enabling people and businesses thr

  • And a few million other problems that are in the domain of solvable problems within acceptable time and resource constraints. Solve the BIG problem (useful, scalable, humanlike AI) and you solve the energy problem as a side effect.

    Instead, Gates is chasing after problems in a random piecemeal way by simply throwing money at them. I hope it works, but the approach is not worth of someone of his intellect.

    • by narcc ( 412956 )

      Solve the BIG problem (useful, scalable, humanlike AI) and you solve the energy problem as a side effect.

      I've seen some crazy stuff from the singularity nuts, but this one takes the cake!

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