Bitech Technologies has signed a binding Letter of Agreement with Bridgelink Development toward a 5.8 GW pipeline of utility power, procurement of key resources and establishment of a joint venture with an undisclosed larger infrastructure group.
The initiatives between the companies are behind the advancing of BLD’s 3.8 GW of solar projects and 1.9 GW of BESS projects in the U.S.
The companies plan to continue development of the projects by utilizing a Share Subscription Agreement being finalized for up to $250M, committed Letter of Intent for a late-stage BESS projects near Houston for up to $100M and securing the sale of the Incentive Tax Credits.
“The successful pre-negotiated financing, procurement, and joint venture with a larger infrastructure group represent significant milestones for Bridgelink as we contribute to this business combination with Bitech to continue to drive innovation and sustainability in the energy sector,” says Cole W. Johnson, chairman and CEO of Bridgelink.
“These strategic initiatives position us for continued success as we work diligently to bring our solar and energy storage projects to fruition. We are excited about the opportunities with Bitech that lie ahead and remain dedicated to our mission of advancing clean, renewable energy solutions.”
The post Bitech Executes LOA to Develop BESS, Solar Utility Power for Bridgelink appeared first on Solar Industry.
Bitech Executes LOA to Develop BESS, Solar Utility Power for Bridgelink
Renewable Energy
Rooftop Wind
My doctor, who knows that I understand physics and renewable energy in particular, asked me today what I thought about wind turbines on boats.
I explained that, since boats need their own ways to generate electricity, what is called “small wind” may make sense. Most ships have diesel-powered generators, and that’s an option for smaller craft as well, and solar is not an attractive option because of the small area.
Doctors generally don’t have time to kill, but he asked me further about small wind, to which I explained:
Because the area of a circle is proportional to the square of the radius, big is better. If you can build a turbine with a radius 100 times larger than a small one, you’re going to generate 10,000 time more power.
Because the power generated by a turbine is proportional to the cube of the wind’s velocity, if you can site a turbine in wind conditions that are 10 times those on your rooftop, with trees and other buildings slowing the wind down, you’re going to generate 1000 times more power.
So, as usual, the answer resides in physics and math. 1000 times 10,000 is 10 million, which is why we see huge turbines on structures that lift huge turbines high above the ground, and it’s why the small wind industry has essentially disappeared.
If you don’t understand elementary school math and high school science, and you have money to burn, the investment offered at left may be right for you.
Renewable Energy
Fox News and its Effects on American Civilization
It’s interesting that there is no Fox News (or equivalent) in Canada.
The Canadians have protections of free speech that are very similar to ours in the States, and, like the U.S., these rights are not absolute. One difference is that Canada prohibits gross misrepresentation, which, in this case means that presenting opinions and calling it “news” is against the law. Lies are fine; calling them “news” is not.
A possible name for a show with the same content might be “Conservative Viewpoints” or “The Way the Right Wing Sees the World.”
Where Canada protects its people from malicious bullshit, in America we say, “Money talks.”
Renewable Energy
Apathy in the Midst of Treason
Former Labor Secretary Robert Reich makes an excellent point at left.
The constant onslaught of distractions coming out of Trump’s mouth is calculated make us give up striving for truth, honesty, and environmental responsibility.
We mustn’t quit.
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