You can just imagine if they had actually built this thing. It’d now be ten or fifteen years old, looking decidedly down-at-heel, half of the investors would have pulled out, and you’d be left with a windswept retro-futuristic ghost town an inconvenient distance from Adelaide. Peeling billboards proclaiming the “Information Super Highway” (A term only surpassed in ugliness by “Multi Function Polis” itself) in the process of slowly being reclaimed by desert.
Thiese things are passable on a small scale. There’s a “technology park” in Sydney, but even that is struggling, I believe.
The company cannot put up a project plan on the website because of a continuous disclosure agreement with the ASX.
Although the project is classed as State Government significant development, which means it will be fast tracked, there are still many planning stages that need to be completed before construction can commence.
There are two new technologies to incorporate into the project that will:
improve the efficiency of the collecter roof using new membrane material
allow the structure to store heat as well as collect
This will allow make it feasible for smaller structures to be built.
Or so I hear.
I have a feeling there will be a significant press release soon. Shares in the company seem to increase with each significant press release.
Check out the ‘news’ section on the Enviromission site.
Well I’ll go ahead and smile with you but I gotta tell you:
I just spent the last two months going over the tech specs from everything between pulverized coal generation to batteries, superconducting magnets and just about everything else that real companies are doing to produce sparks. I’ve poured over pages on photovoltaics and solar thermal methods including parabolic trough, central reciever, and parobilic dish schemes. The list includes what’s working, what’s being built, and what’s feasible in the future. Funny thing is, while emerging technologies all over the world are available in my sources, these guys don’t seem to show up.
Does their process work? It might. But if it costs a million dollars a kw to build it (compared to approx $3000 for the typical windmill and $500 for a natural gas plant) the free energy has to pay off a lot of capital investment before it starts to be really free
At first glance that sounds like a great excuse, but companies that are really committed would present a well documented business plan in order to attract quality capital. Are they afraid somebody else will jump in front of them and build their own giant solar tower?!
It’s called pump-and-dump. Lot’s of sham companies do it in order to suck money out of the deal. The major shareholders (ie insiders who set this up) acquire shares either during “no news” periods or have shares handed to them from the company for “services rendered”. They dump those shares after positive spin “press releases” that get the general public interested.
OK, got my info from New Scientist but you’ll have to take my word for the accuracy of the quotes unless you are a subscriber. The piece I was thinking of is a letter, not the main article.