Buffett Does Batteries
Oct. 1st, 2008 01:53 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
webfarmerHomeboy does good again. Sokol shows he has a clue on this technology front.
Buffett Buys Stake in Chinese Battery Manufacturer - NY Times - 29 Sep 08
"David Sokol, the chairman of MidAmerican, said at the news conference with Mr. Wang that Berkshire Hathaway wanted to address climate change and considered electric cars as a way to do so. “This is a technology that can really be a game changer if we’re serious about reducing” emissions of carbon dioxide, the main gas associated with manmade global warming, Mr. Sokol said.
MidAmerican, a collection of electric utilities in the Midwest and West, sees plug-in electric cars as the best approach because the United States already has the infrastructure to supply electricity for recharging almost anywhere, Mr. Sokol said. By contrast, plans for hydrogen-fueled vehicles would require the installation of many hydrogen-fueling centers.
MidAmerican also sees promise in BYD’s battery technologies for storing wind energy and solar energy, Mr. Sokol said. Difficulties in storing energy for when the wind is not blowing or the sun is not shining have limited the deployment of these renewable energy technologies.
Buffett Buys Stake in Chinese Battery Manufacturer - NY Times - 29 Sep 08
"David Sokol, the chairman of MidAmerican, said at the news conference with Mr. Wang that Berkshire Hathaway wanted to address climate change and considered electric cars as a way to do so. “This is a technology that can really be a game changer if we’re serious about reducing” emissions of carbon dioxide, the main gas associated with manmade global warming, Mr. Sokol said.
MidAmerican, a collection of electric utilities in the Midwest and West, sees plug-in electric cars as the best approach because the United States already has the infrastructure to supply electricity for recharging almost anywhere, Mr. Sokol said. By contrast, plans for hydrogen-fueled vehicles would require the installation of many hydrogen-fueling centers.
MidAmerican also sees promise in BYD’s battery technologies for storing wind energy and solar energy, Mr. Sokol said. Difficulties in storing energy for when the wind is not blowing or the sun is not shining have limited the deployment of these renewable energy technologies.
