Bill Gates recently participated in a $23.5 million round of financing for EcoMotors to further develop its Opoc engine technology. The company states that its goal is to demonstrate the automobile industry’s first five passenger car capable of 100 miles per gallon based on the EPA’s highway mileage standard.
Warren Buffett met with students from Rice University’s graduate school of business yesterday. Each year, Mr. Buffett meets with several groups of business students and provides advice on business and investing topics. According to an article in the Houston Chronicle, Mr. Buffett made some comments regarding peak oil and the prospect for electric cars. Read this article for more information.
The problem of matching the production of renewable energy with electricity demand has been a major challenge standing in the way of wider adoption of solar and wind powered plants. While electricity demand can be forecast with a great deal of accuracy, it is much harder to predict when peak energy will be available from solar and wind sources. Read this article for more information on how BYD and other battery makers might benefit. A video with background information is also included in this post.