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Economy and Business (Energy Mgt)

Guatemalan Volcanoes

 

Central America is sitting on a green energy bank in the form of its active volcanoes. The potential for tapping into geothermal power in Guatemala, for example, is enormous, and the government there is offering tax breaks and other incentives for private investors.

Run by Israeli-owned Ormat Technologies Inc, the plant harnesses energy from water heated by chambers filled with molten rock deep beneath the ground. Geothermal power plants, while expensive to build, can provide a long-term, reliable source of electricity.

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“Solar Power – Paves The Way to a Bright Future”

Professor David Faiman director of the national center for solar energy has developed a new type of solar power that might be the answer to future world problems when oil runs out. While Middle Eastern countries may disagree on many issues, the sun is something everyone shares.

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"ZenithSolar.wmv"

 

ZenithSolar utilizes a system of rotating dishes made up of mirrors that is capable of harnessing up to 72 percent of incoming sunlight – roughly five times the capacity of traditional solar panels. In addition, using mirrors to reduce the number of photovoltaic cells needed, it makes the cost of solar energy roughly comparable to fossil fuels.

While this technology has been implemented elsewhere, Israeli start-up ZenithSolar – working in conjunction with Israel’s Ben-Gurion University – is a pioneer in combining it with a water-based cooling system that increases the photovoltaic cells’ efficiency and produces thermal energy.

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