The Big Losers in Energy

There wasn’t abundant accord about the a lot of able activity technologies, but anybody at a console on the approaching of activity at the EmTech appointment at MIT this morning seemed to accede that three energy-related technologies will not accomplish money, at atomic not in the accepted bread-and-butter and authoritative environment.

Heading the account of losers is photosynthetic algae–technology that would use algae to catechumen sunlight into fuel. Jim Matheson, a accepted accomplice at Flagship Ventures, said “we just don’t accept the economics.” Although the adventure basic close invests heavily in bio-energy technology, “we just haven’t gotten actual adequate that algae is traveling to appear down the amount curve.”

BP aswell doesn’t like photosynthetic algae. “We don’t anticipate that [technology] will anytime ability the affectionate of amount or accumulation that we anticipate humans are able to pay,” said David Eyton, the arch of analysis and technology at BP. His account was a absolute claiming to a capital BP competitor, Exxon-Mobil, which afresh appear an investment of $600 actor in photosynthetic algae.

Eyton acclaimed that BP is advance in algae–just not the photosynthetic kind. Some companies are developing technology that use algae to catechumen sugar, instead of sunlight, into  and added products. That’s easier to calibration up, back the algae can be far added concentrated.

Hydrogen, at atomic for vehicles, was aswell panned. That’s conceivably not hasty accustomed Activity Secretary Steven Chu’s contempo comments about hydrogen. Then again, the car companies accept been clamoring for connected investment in it. Uma Chowdry, arch carnality admiral and arch science and technology administrator at DuPont said the aggregation had dead its analysis on hydrogen accumulator “because it’s actual far away.” Eyton said BP had aswell dead its investment in hydrogen for transportation.

And finally, technology for capturing and autumn carbon dioxide doesn’t attending promising. The technology could be key to abbreviation carbon emissions, but Chowdry said, “We can’t amount out how we’re traveling to accomplish money at it.” Eyton acclaimed that “it’s boxy to accomplish it work, if nobody’s putting a amount on it.”

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