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Benefits of StratoSolar for China

9/10/2013

Comments

 
I have written previous posts pointing out the benefits of StratoSolar for Japan and the UK, two very densely populated countries with few indigenous energy sources and a desire for clean energy. 

Though China is not as committed to clean energy the potential benefits of StratoSolar for China seem even more compelling, though for different reasons.

In general, solar and other renewables solve three problems:

1)      Fossil fuels are a finite resource.

2)      Burning fossil fuels damages the environment and is causing climate change.

3)      Energy security. Dependence on imported energy threatens national and economic security.

Interestingly, for the US, none of these problems are currently regarded as particularly serious, and the environmental argument 2)  is the only one propping up alternative energy.

China is the inverse of the US. For China 1) and 3) are already a problem today, and at China's rapid rate of economic growth the problem is only getting worse. China is now the world's biggest oil importer, but its oil consumption is set to a least triple by 2040, 75% of which will be imports.  This puts the Chinese economy at huge risk from oil price volatility and/or supply constraints. China has a lot of coal so coal is not in as precarious a situation, but China currently imports a lot of coal from Indonesia and Australia.

An unlimited local source of cheap energy solves these problems.  Not only does it remove the resource and security problem, it also potentially provides an economic  competitive advantage.  China has leveraged cheap coal energy into dominance of energy intensive industries like steel, aluminum and chemicals. If StratoSolar provides cheaper energy it can continue that strategy, with the added benefit of no pollution.  It also puts China in a leadership position in a technology of world significance. Following the PV cost reduction path and investing in fuel synthesis technology could cement and enhance this leadership position.

A quick short term benefit is StratoSolar deployment in China  would help some specific industries that China has overbuilt; aluminum and PV silicon. StratoSolar systems consume a lot of aluminum for the structure, and clearly use PV panels.  StratoSolar systems deployed on a large scale would rapidly become the world's  biggest aluminum and PV consumer.

Food for thought.
By Edmund Kelly
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    Ed Kelly

    President of StratoSolar

    View my profile on LinkedIn

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