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William R. Gould, Jr., Chief Technical Officer, discusses the importance of renewable energy given the volatility of global oil markets and the diminishing supply of fossil fuels.

By using the natural power of the sun, SolarReserve can generate electricity to power entire cities whenever needed, 24 hours a day.

Energy Diversity

Dependence on external sources of energy has political and economic ramifications, the majority of which are negative. As global citizens, our instinct is to have control of our own sources of energy so that we are not so greatly affected by uncertain geopolitical conditions, the volatility of the global oil markets and the reality of a diminishing supply of fossil fuels.

The rise in population and standards of living around the globe are causing significant increases in energy demand and competition for fossil fuels. This demand can only be met in the long-term through energy generation from a diverse set of sources with clean energy demonstrating the most promise in terms of stability, cost and impact on the environment. As we expand renewable energy generation, we stimulate the economy, create jobs and increase energy security. Equally important is that we mitigate climate change and improve the health of our community and the environment.

As demand increases, the costs of non-renewable, finite resources rise as finite supplies fall. At the same time, the cost of renewable energy has the opposite trend; it falls over time as technology scales and improves. Renewable energy diversifies our energy supply mix with fuels that have zero cost. This forms a hedge against price volatility from non-renewable fuels.

Some have pinned our future energy hopes on natural gas, but like other fossil fuels, it too is a limited resource under the ground that requires sophisticated and costly extraction methods. By using the natural power of the sun, SolarReserve can generate electricity to power entire cities whenever needed, 24 hours a day.

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