Diversifying Renewables

A viable energy source that is gaining momentum in the renewable/alternative energy arena is Biomass. To highlight this resource, Biomass is defined as plant matter such as trees, grasses, agricultural crops or other biological material that can be used as a solid fuel, or converted into liquid or gaseous forms, for the production of electric power, heat, chemicals, or fuels. This type of energy cn potentially mnimize greenhouse gases, a problem that has plagued fossil fuel production.

The U.S. Department of Energy (DOE) Biomass Program is working to reduce the nation's dependence on foreign oil through the development of technology for conversion of biomass to valuable fuels, chemicals, materials and power. According to the DOE, it also provides the only renewable alternative for liquid transportation fuel. In addition to helping to establish energy independence, it is believed that the use of biomass helps to solidify rural economies, avoid use of highly toxic fuel additives, assist in the reduction of air and water pollution, and reduces greenhouse gas emissions. The DOE's Biomass Program has made the development of biorefineries a key priority.

The potential for biomass is undeniable as it can help protect the environment while contributing to the overall energy supply and preservation of domestic energy security; however it is but one piece of the puzzle. Solar, wind, and wave energy are others to be considered in the overall enery solution. I find that we hear more about a single technolgy than about a comprehensive and integrated solution that combines several viable renewable sources. As in the financial world, diversification is key to securing a long term and successful return on invesment. I look forward to presentations of portfolios that place bets on a variety of innovative technologues to help meet the growing energy demands and the drive for energy security.