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Bill Gates Investing $2 Billion In Renewables

An anonymous reader writes: Bill Gates has dumped a billion dollars into renewables, and now he's ready to double down. Gates announced he will increase his investment in renewable energy technologies to $2 billion in an attempt to "bend the curve" on limiting climate change. He is focusing on risky investments that favor "breakthrough" technologies because he thinks incremental improvements to existing tech won't be enough to meet energy needs while avoiding a climate catastrophe. He says, "There's no battery technology that's even close to allowing us to take all of our energy from renewables and be able to use battery storage in order to deal not only with the 24-hour cycle but also with long periods of time where it's cloudy and you don't have sun or you don't have wind. Power is about reliability. We need to get something that works reliably." At the same time, Gates rejected calls to divest himself and his charitable foundation of investments in fossil fuel companies.

15 of 292 comments (clear)

  1. Renewable versus fossil - where is nuclear? by abies · · Score: 3, Insightful

    Always a dichotomy between renewables versus fossil fuels. Either you are hippy windmill-hugger or bad CO2-spewing coal monster.
    Maybe, instead, he could throw few billions in direction of 4th gen nuclear power and give us another 1000+ years to focus on solving fusion and/or proper renewable energy research/storage etc?

    1. Re:Renewable versus fossil - where is nuclear? by Adriax · · Score: 4, Insightful

      Due to current regulatory hurdles due to nuke fears, a $2billion investment will pay for half a bathroom in a new reactor facility.

      --
      I don't suffer from insanity, I enjoy every minute of it!
    2. Re:Renewable versus fossil - where is nuclear? by kheldan · · Score: 3, Insightful

      It's high time we got over our aversion to nuclear power. People treat it like it's inherently evil, when the truth of the matter is that any problems with it have been through mismanagement and poor planning. We can do better, and need to do better. Wind and solar, while nice and clean, probably aren't going to ever be capable of delivering all the power the world needs/wants. I'll be honest with you: I'm one of the people who voted to shut down Rancho Seco back in the day, and I'm the one now saying: We need nuclear power, in one form or another.

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    3. Re:Renewable versus fossil - where is nuclear? by thinkwaitfast · · Score: 3, Insightful

      There was a time when people were very pronuclear, but the environmentalists fixed this problem. Why would they want to put themselves out of a job?

    4. Re:Renewable versus fossil - where is nuclear? by Firethorn · · Score: 3, Insightful

      The idea that we can not produce enough "green" energy is simply idiotic, and certainly not insightful.

      No, the idea is that we can't produce enough 'green' energy economically enough. To expand: We're currently most on an 'on demand' system for electricity. You ask for it, you get it.

      Since the common green energies are intermittent, producing power when the conditions are right for them, that's a supply based system. In short - either we install massively more green energy tech than we'd need to supply our energy needs alone, or we have to accept that we can't demand power whenever we like.

      Or we install an appropriate amount of nuclear so that we can mostly ride through the vagaries of solar, wind, and other renewables.

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      I don't read AC A human right
    5. Re:Renewable versus fossil - where is nuclear? by AmiMoJo · · Score: 4, Insightful

      $2bn will do bugger all for nuclear. Rich as Gates is, he doesn't have enough money to invest in nuclear to make any real difference. Besides, nuclear's problems are not really to do with a lack of money, at least not in the way that donating £2bn would help.

      On the other hand, $2bn in renewables will have a measurable effect. There is a lot of R&D, a lot of good projects that are pushing the technology forwards that he can put money into, all around the world. In many places they couldn't build nuclear even if they wanted it.

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    6. Re:Renewable versus fossil - where is nuclear? by drinkypoo · · Score: 4, Insightful

      And yet, to date, nuclear power has done less damage to the environment, as well as killing fewer people (by several orders of magnitude) than just coal mining, much less coal power in general.

      Give it time. It's got thousands of years, even if we stop using it today.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    7. Re:Renewable versus fossil - where is nuclear? by towermac · · Score: 4, Insightful

      You're right about the thousands of tons of nuclear 'waste' sitting all over the country with no plan on how to get rid of it.

      Most here are science types, and realize there is only one thing that can be done with it. Burn it up.

      The reality on the ground today is, if you are against nuclear power, then you are for nuclear waste. (It would be nice to see a Greenpeace-type marcher carry that sign in a fit of honesty.)

    8. Re:Renewable versus fossil - where is nuclear? by drinkypoo · · Score: 3, Insightful

      Most here are science types, and realize there is only one thing that can be done with it. Burn it up.

      That'd be fine, but we're not talking about doing that in this country yet. That's the only kind of nuclear power I would promote. Show me an effort to fix that in the USA and I'll get behind it. Also, there is still some waste left over from that. I'm going to have to see some evidence that we'll handle that responsibly. So far, nope.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    9. Re:Renewable versus fossil - where is nuclear? by towermac · · Score: 2, Insightful

      Nice try. There might be young people here, so I'm going to out you on this one:

      You don't see them because you have been politically successful for the past 50-odd years, and forbid them from being built.

  2. Good on him by kencurry · · Score: 5, Insightful

    I've never been a fan, but increasingly, I find myself admiring what he is doing with his wealth and time post-microsoft.

    Good for you Mr. Gates, use your money to try and do something positive in this world.

    --
    sigs are for losers (except to point out that sigs are for losers)
  3. The "glow in the dark" thing by Tablizer · · Score: 4, Insightful

    We may have to come to grips with the idea that it's just a hard sell. The long-term average death/illness rate may be much lower than say oil or wind, BUT people remember the "spikes" of accidents such as 3-Mile-Island.

    It's just easier to sell an idea that kills lots of people gradually in a predictable rate than one that kills nobody for many years, but occasionally hiccups in a newsworthy way.

    That's just the way it is. We can't change human nature, and mass nagging usually backfires. We probably have to just live with that fact unless somebody invents breakthrough persuasion technology.

  4. Re:Nice but his arguments make not much sense by Overzeetop · · Score: 1, Insightful

    Storage is not a myth. Talking about putting power into and pulling out of a "Grid" means nothing. When your production drops below your demand, you need storage. And your threshold for deciding what is "enough" should not be based on an average, or even on a 1% event. Having rolling worldwide blackouts 3x a year is not what I consider stable.

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  5. Re:you never hear of having USN nuclear problems by Mashiki · · Score: 2, Insightful

    You mean the "don't run reactors without proper controls" don't (thanks environmentalists) stall upgrades on a first gen nuclear reactor in an earthquake zone? Yeah. We already know about the first, the second though pushed back upgrades on the reactors several times.

    It's not dissimilar to what happened at a medical reactor here in Canada. It didn't have a secondary or third backup system for various parts, and the environmentalists threw a hissy fit over and over and over again, and the government had enough and simply shut down the reactor leading to a world-wide shortage of medical isotopes until the new reactor was online.

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  6. Price is a second order function by sjbe · · Score: 4, Insightful

    Tesla Supercharging stations.

    Not good enough nor plentiful enough nor convenient enough nor standard enough. They take 45 minutes to get an 80% charge and over an hour to get a full charge. Plus they're not much use if you don't have a Tesla. They're a good effort in the right direction but not good enough by a long shot yet.

    Cheaper batteries would lead to longer ranged EVs

    With fast charging you don't need longer range EVs - we already have EVs that can do over 200 miles on a charge now with more on the way. With lighter batteries (at the same power output) you also would get longer ranged EVs so arguably you'd be better off trying to get a better power to weight ratio before worrying about lowering cost. I suspect that you'll see more car makers trying Tesla's model starting at the high end with EVs and then EVs will filter down to the lower end of the market from the luxury market as volumes build and technology improves.

    Basically you won't get cheaper batteries unless you can build them in larger quantities. You won't get to build them in larger quantities until you can convince them that they can refuel their vehicles in a convenient manner. There is however hope that through development of hybrid cars we can keep developing the batteries and increasing economies of scale until recharge times and ranges and prices are low enough to make pure EVs practical.

    If we can get all the 'second' cars most families have to be EV

    Won't happen. You will see a lot of hybrids which might eventually accomplish the same end but you won't see pure EVs until the range anxiety problem is solved. To do that you need to be able to refuel them substantially faster than current technology permits.

    the high cost of the battery pack limits range

    The power to weight ratio is what fundamentally limits range unless you are using fewer batteries than you could for a given vehicle. Beyond a certain point cramming more batteries into a vehicle results in diminishing returns to range (eventually becoming negative) and there are practical considerations (like passengers and cargo space) that limit the number of batteries that can be used as well. A Nissan leaf is a tiny car with an absurdly short range and doesn't have a huge amount of space for a large battery pack no matter what the cost is. While it works fine, for most people it's pretty limiting.

    creating range anxiety,

    Range anxiety is based on a combination of limited range and long recharge times. You could give the batteries away and you'd still have the problem.

    Still, Tesla is reportedly selling every car they can manufacture, which tells me that they don't need 400 miles, 250+ is enough.

    Tesla is selling a specialty supercar that costs $100,000. Practicality is not a paramount concern to someone who can afford a vehicle that expensive. Believe me I'd buy one in a heartbeat if I could but I'd still have another car with a gas/diesel engine. Simply visiting my parents house would exceed its range and I do that at least once a month. (no there isn't a supercharger along the route and using one would cause an hour delay to the trip)