Investment for the 21st Century – To Rebuild the Economy – To Withstand the Storms

Seaside Heights after Sandy, Photo by Master Sgt. Mark C.Olsen, US Air Force

Seaside Heights after Sandy, Photo by Master Sgt. Mark C. Olsen, US Air Force

The best way to rebuild our our cities, towns, and farms, to assure resilience in the face of storms like Sandy, to strengthen our national security infrastructure, and to build a strong economic foundation for future generations is to embrace efficiency, innovation, and renewable energy.

And with Energy the least expensive unit of energy, is the unit of energy you don’t need to buy, the “Nega-Watt.”  The next least expensive unit of energy is the one that doesn’t need fuel, and doesn’t create waste, the “Nega-Fuel-Watt.”

Berkshire Hathaway’s Mid-American Energy is investing in 500 mega-watt solar farms in the southwest. These are the size of small nuclear power plants. This isn’t because Warren Buffett and Charlie Munger are asking people at Greenpeace “In what should we invest?” This is because at $3.2 Billion to $4.0 Billion per gigawatt new solar is a fraction of the cost of the $8.0 to $12.0 Billion per gigawatt needed to invest in new nuclear.  And what’s good for Berkshire Hathaway is good for New Jersey.  As of Dec. 31, 2012, we had 900 MW of solar. We should be building another 3,000 MW of solar and 5,000 MW of offshore wind. This will create jobs, give us a stronger, more resilient electric grid, and provide energy with much less pollution.

I want to do three things in Trenton:

  1. Push the state to be more energy efficient, because that will save the taxpayers money,
  2. Facilitate mechanisms by which local businesses and citizens can save money on energy,
  3. Plan for 8,000 MW of wind and solar by 2040.

I need your help to get there.