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“The remaining 10 percent Federal energy tax credit is due to expire on Dec. 31, but Congress is considering a bill that would extend it for five years. Many legislators, however, see the measure as an unnecessary tax break for Luz’s power-plant investors. ”I don’t know why we have to be loading up a lot of tax benefits for otherwise profitable operations,” says Rep. Pete Stark (D-Calif.). To the argument that Luz produces clean, nonpolluting energy, Stark responds: ”So do squirrels running a treadmill. It’s a question of how much you want to subsidize the squirrel-breeding industry.”
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Very nice article reported by LA Times on SEGS.
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There are so many layers of meaning to the word Luz. It’s tremendous.
“Legend invested the place with miraculous qualities. “Luz, the city known for its blue dye, is the city which Sennacherib entered but could not harm; Nebuchadnezzar, but could not destroy; the city over which the angel of death has no power; outside the walls of which the aged who are tired of life are placed, where they meet death” -
“And in the historic Luz, we had a collection of people who were trying to create a better world, while developing a good company and making a good living. At that time, we had a peak number of 500 people working for us in Israel. Over the years, we kept in close contact. And even though many of them are well-positioned, and some of them by now have their own companies, the idea of coming back together to finish what we’d started was electrifying. Indeed, a lot of people came back and put in so much know-how and capability into the organization that we were able to go out to the financial world and bring in [venture capital company] Vantage Point as a first investor. This enabled us to attract other prestigious investors, which gave us our start, and enabled us to bring in the historic team, as well as
new talent.” -
A great, big article on Arnold Goldman telling the story from bottom to top.
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Contains an extensive discussion of “A Working Paper on Project Luz” — the document that developed the philosophical underpinnings for Arnold Goldman’s Luz International. Also, an amazing sounding utopia.
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“Congress and the Obama administration have a historic opportunity to ensure that
investments made in weatherization and energy efficiency as part of the recently passed
American Recovery and Reinvestment Act evolve into a sustainable clean-energy retrofit
program and a linchpin of the American economy for years to come.” -
Long article using Luz bankruptcy to look at US solar energy.
Image: flickr/ghostparticle. A real photo of a SEGS mirror field.
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