By Edmund Kelly A complete renewable energy solution requires the attributes of dispatch-ability and reliability of fossil fuel power plants at a lower cost of generation. PV panels have come down rapidly in price in recent years creating a wave of optimism for PV. A realistic analysis projects further price drops over time, but not at the recent precipitous rate of decline. Current PV price levels still need subsidy in all markets to generate electricity competitive with that from fossil fuels. Also PV is an unreliable and intermittent source of electricity that requires backup fossil fuel generation (or excess capacity and distribution) to handle unpredictable long duration weather outages and daily energy storage for nighttime generation. Currently there is no viable large scale energy storage solution other than pumped hydro. To provide renewable energy for less than fossil fuels, the combined cost of PV generation, backup generation and energy storage generation have to be less than the cost of generation from fossil fuels.
StratoSolar is a system solution that directly attacks all the problems of PV generation and transforms PV into a real, disruptive and transformative lower cost renewable energy solution.
StratoSolar is a combination of tried and true PV technology with a new unproven high altitude buoyant tethered platform technology. The risk is concentrated on the new technology of the buoyant tethered platform. Viability depends on whether buoyant tethered platforms can be built, deployed and not damaged or destroyed by environmental hazards over the 30 plus year lifetime of the power plant. Other risks are whether the predicted capital costs are achievable and possible regulatory impediments from the FAA and local authorities. The new buoyant tethered platforms are really novel structural engineering towers. Large scale structural engineering is a well established engineering discipline. Building the first of a new class of large scale structural engineering projects could be compared with other once novel large structural engineering projects, like steel framed skyscrapers, concrete dams, oil production platforms or steel suspension bridges. This class of project always initially stretch human credibility but actually rarely fail because the structural engineering discipline is very robust. The same reasoning applies to StratoSolar platforms.
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