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Energy Dept. Spends $10 Million on Water Turbine to Power 25 Houses

~ The Rebel ~ 2012/09/23 20:25:27

The first underwater turbine to make use of tidal energy went live last week in Maine, supported by a $10 million investment by the Department of Energy.

The Ocean Renewable Power Company Maine’s Cobscook Bay Tidal Energy Pilot Project received the Energy Department money to build, install, and operate the hydrokinetic energy conversion devices situated at the easternmost tip of the state.

The electricity produced by the tidal generation will be sold by Ocean Renewable Power Company to Maine’s utilities under a 20-year power purchase agreement, according to Boston.com. The initial price of 21.5 cents per kilowatt hour is almost double the current average price of 11.21 cents per kilowatt hour for electricity in Maine.

Read More: http://conservativebyte.com/2012/09/energy-dept-sp...

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  • sglmom 2012/09/23 21:44:34
    sglmom
    +1
    So ... let's see here ..
    $10M for 25 houses ..
    that's an 'investment' of OUR Tax Dollars ..
    of .. $400K per HOUSE ..

    and oh, my ..
    $0.215 per kWh .. vice the current $0.1121 per kWh ..

    That's a PRICE increase of .. 191.79%
    (YIKES .. very close to DOUBLE the current rate)

    All this courtesy of "Government" and its pie-in-the-sky SPEND patterns
    of the WASTE and ABUSE at Taxpayer Expense ..

    (needless to say .. WHY is there NO prosecution for WASTE like this? )
  • maquignon 2012/09/23 20:59:18 (edited)
    maquignon
    +2
    The Department of Energy should be abolished along with the Department of Education and the Department of Housing and Urban Development. They do more harm than good. They are way too powerful. They have nothing to do with the function of the federal government according to the Constitution.
    It doesn't meet Mia Love's criteria which is one of the most intelligent things I have heard from a politician in a long time: Is it affordable? Is it sustainable? Is it my job?

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