“What’s more, over 70 percent of the components and products used in construction will be manufactured in the USA”
In his weekly radio, the President announced he was putting $2 billion into two solar energy projects, including Concentrated solar thermal with storage (aka solar baseload).
CSP remains “The technology that will save humanity.” And we are seeing more and more plants in various phases of construction (see “Total of 8500 MW of CSP planned for 2014 in U.S. alone“).
The easiest way to deal with the intermittency of the sun is cheap storage “” and thermal storage is much cheaper and has a much higher round-trip efficiency than electric storage. The ability to provide power reliably throughout the day and evening in key locations around the world (including China and India) is why CSP delivers 3 of the 12 – 14 wedges needed for “the full global warming solution.”
Obama made this announcement in his weekly address: