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The Resilience Hub & Portland Maine Permaculture Message Board › Matt Simmons Presentation in Maine from Oct 21

Matt Simmons Presentation in Maine from Oct 21

Lisa F.
Group Organizer
Portland, ME
Post #: 614

Mr. Simmons is the founder and president of Simmons and Company, an international investment bank founded in 1974 that specializes in the entire global spectrum of the energy industry. His presentation, “Grasping With Energy Crisis and Risk,” offered an assessment of the recent – and what he calls temporary – drop in oil prices and talked about the need to develop and invest in new, innovative and clean energy technologies.

Maine, says Simmons, is particularly well-suited to such emerging technologies as off-shore wind and still-undeveloped but promising sources related to ocean current and tidal power. A cluster of 90 or so wind turbines during peak winter winds, according to Simmons, could generate 5,000 Megawatts of electricity – the equivalent of five nuclear power plants.
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