Hey, thanks, Patrick. I love what @orbuch has brought to that space. I know he and the team are talking to my portfolio company https://nori.com/ . (Who sometimes pitch themselves as "Stripe for carbon removal" :) )
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It's awesome, but I don't think "Wright's Law" is being used correctly. Usually it refers to cost reductions every production doubling of a *particular model of plane over the production life*. Ie, the 500th Boeing 777 is cheaper than the first but 777 is > expensive than a 707.
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What's inconsistent? Seems like a clear extension of that definition: a relative decrease in solar price per MWh for a constant increase in the total MW of solar deployed. At the cumulative level, you get an exponential decrease in price https://rameznaam.com/wp-content/uploads/2020/05/Solar-Costs-Decline-as-a-function-of-scale-linear-Naam-2020-No-learning-rates.jpg …
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Even on small local levers here in Limerick €61 for a 275 watt panel makes them cheap enough to put up for the crack when it’s extra sunny !pic.twitter.com/OJheD3qvlB
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Climeworks has a CC subscription for everyday persons: https://www.climeworks.com/ . I don't know whether it's the most efficacious way for an average person to bury some CO2 (apart from not emitting it in the first place), but it is a way.
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TIL: Swanson's Law (2010's solar panel install cost drops 20% for every doubling of installed capacity) is actually a special case of Wright's Law (1920's aircraft production costs decrease by 15% for each doubling of manufacturing).
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Try also planting some trees
@patrickc as part of your carbon capture activity. Create some woodland habitat and wood products for the future. Sustainable forestry.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Is that really true? Solar goes to zero because there's no good storage solution it's given away during over capacity (and during under capacity you have to buy e.g. NG, so real cost household is still high). Looking at just the solar price is missing half the picture.
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If we had some good storage solution then solar wouldn't be so cheap because they'd charge batteries and sell it to you at night (but you wouldn't have to buy NG to back fill). That would be the real price. Right now the Solar + whatever baseload you use is the effective price.
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(This is why we’re so eager to fund carbon capture!)