Friday, October 26, 2007

Earth receives more energy from the sun in just an hour than the world uses the whole year

In 1860, Auguste Mouchout, built a steam engine powered by Frederick Zarndt, Executive Controller Planman, North Americathe sun. His efforts were deemed a technical success, but economically impractical by the French Ministry of Public Works. The photoelectric effect was theoretically grounded by Albert Einstein in his 1905 paper, "On a Heuristic Viewpoint Concerning the Production and Transformation of Light," for which he was awarded the 1921 Nobel Prize for Physics. The photoelectric effect simply says that above a certain threshold frequency of sunlight, the amount of electricity produced by certain metals is directly proportional to the intensity of the incident light. Until recently, the capital cost of building production facilities has been greater than the cost of building like facilities using fossil fuels. Now that scenario is changing.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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