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Bullboard - Stock Discussion Forum Alterra Power MGMXD

Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.

OTCPK:MGMXD - Post Discussion

Alterra Power > Facebook Tesla etc
View:
Post by materialsgirl on Jul 10, 2015 11:58am

Facebook Tesla etc

Many major new companies make a lot of marketing noise to create a suitable image.
Facebook is choosing to buy AXY power for a number of reasons;   PRICE being the key reason.

Elon Musk likewise promotes the idea that he wants to buy lithium cobalt and graphite locally.  And yes that is true BUT his reason is that there would be less transport cost and he will save money.
If you are a local producer of graphite try getting a 1% price premium and you will be "out".

Pronouncements from Facebook or Tesla about being green are done mainly to polish their image in the minds of consumers.  They have no intention of pursuing high cost green power.

It is wonderful for the world that solar energy costs have dropped so much over the past 5 years to where it is competitive with carbon sources in places where the sun shines a lot and there are intense rays.  Parts of Texas and parts of California are good examples.

Wind in some cases may be able to provide cheaper electricity but it is less predictable.  In fact, there is often more wind at night at exactly the times that you do not need it.

Geothermal is of course superior to solar or wind in that it runs 24 hours a day.  But so far, geothermal has not caught on in many places.  Iceland Philippines California Italy yes but geothermal does not have legs in many other places.  Canada still has zero geothermal power and no company has any plans to initiate production in Canada as far as I know.  Pity!
Comment by veracruz on Jul 10, 2015 2:11pm
All people have strengths and weaknesses.  This is an example of a weakness. The understanding of renewable energy sounds as if it was written by an oil sands ostrich trying to be politically correct and fool people into prolonging fossil fuels and prolonging a greedy way of life. Renewable technology can power the world within 20 years while improving the economy. As well, today's ...more  
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