13 May '13, 12pm

Drumbeat: May 13, 2013

Posted by Leanan on May 13, 2013 - 10:35am Old Technology Fuels New Energy Boom What’s happening today is not a new-technology revolution; it’s an evolution of new applications for existing technology. Oil companies are doing things that they’ve been doing for decades more efficiently, more effectively, and in much wider applications. That may sound like a fine distinction, but it’s an important one: Silicon Valley has for years invested in sexy new technologies, from smartphones to social media to exotic solar power materials. The cleantech industry itself has not benefited from a fascination with the new, the exotic, and the high-tech. The technology for embedding sensors with fiber-optic connections in a drill head so that technicians on the surface can map a formation as they drill it is not all that sexy, and it didn’t come from a VC-funded startup in a Mountain View ...

Full article: http://www.theoildrum.com/node/9988

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