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Capitalism Vs. Climate Change: The Case Of GlassPoint Solar

2019.03.11     From: forbes

If you ask most people how we will get to a zero-carbon world, they’re likely to talk about electric cars and wind farms.


However, climate cognoscenti know that the two largest contributors to climate change are industrial processes and agriculture, whose greenhouse gas (GHG) emissions make up around one-third and one-fourth of total emissions, respectively.


To truly make a dent on GHG emissions, we must find companies that are impacting these areas. Over the last few weeks, I found a firm that is consistently working to lower the carbon footprint of the industrial sector: GlassPoint Solar.


GlassPoint Solar's Miraah plant in Oman went operational in 2017. 


When you think of solar, you probably think of the panels on top of suburban roofs. These photovoltaic (PV) arrays absorb the sunlight and convert it into electrical energy. However, there is another solar technology that is more direct and powerful: Concentrated Solar Power (CSP).


CSP arrays do not absorb light but reflect it, concentrating a sliver of the sun’s energy onto a single focal point. A pipe placed at that focal point contains some material which heats up as the reflected light hits it. That heat energy can either be stored for later (in which case, molten salt is the material of choice) or can be used to do work (in which case, the pipe is filled with water that turns to steam).



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