February 9, 2010

Nuclear Company goes Solar

The French nuclear firm, Areva has purchased, Ausra, the American concentrated solar company. 

Anil Srivastava, head of renewables at Areva, said: "By acquiring Ausra, Areva has taken a major step forward to achieve its strategic ambition in renewables. The Group intends to become the world leader in concentrated solar power (CSP) thanks to a reliable, cost-effective product."

When even nuclear companies think solar is the next big thing, one has to wonder why we feel the need to invest an additional $36B from our federal budget for subsidies for the nuclear industry. 

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