ChemE Stewart <[email protected]> wrote: THAT IS FALSE GUYS > > After Luz Industries' bankruptcy <http://en.wikipedia.org/wiki/Bankruptcy> in > 1991 plants were sold to various investor groups as individual projects, > and expansion including three more plants was halted. >
What is false? The plants are still in operation. The original builder/operator was Luz, and they went bankrupt. So did the Pennsylvania Railroad but the trains and tracks they owned are still in use. As I noted, Luz was forced out of business by big coal, in collaboration with the power companies. There is no doubt that solar thermal is having difficulty competing with PV solar, wind, and natural gas. PV is dropping in cost rapidly, partly because of support from the Chinese government, which is probably dumping. If solar thermal had been aggressively developed in the 1990s, it might be a lot cheaper and more competitive today. Many good technologies have fallen by the wayside because they did not get funded at the right time. - Jed
