The solar mission in its first phase focused on areas already connected to the grid and had a pricing system that bundled four units of thermal electricity with one unit of solar-based power, which reduced the average per-unit cost of solar electricity.
The council said the project was only possible due to a government subsidy which made a payment for every unit of electricity generated by solar panels.
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He said well-designed systems can operate effectively in the UK, delivering in excess of three units of heat for every unit of electricity used to pump the heat in and around the property.
Magic figures it will take 57 cars, discharging 17.5 kilowatts of electricity each, to provide a megawatt of power, the minimum unit to be traded in the electricity market.
Under phase one of the scheme, one unit capable of generating enough electricity for up to 6, 000 homes would be tested at West Dale Bay.
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Clearly, though, the Bloom Box is still not a zero emissions tech and would only cut emissions by roughly 50% relative to the national average, unless it runs on landfill gas or biogas or hydrogen from electrolysis fueled by zero-carbon electricity (which would be much more expensive as you have to add cost of electrolysis unit, higher cost electricity, and about 30% conversion losses in electrolysis).
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Those gains take two forms: less electricity consumption and a lower cost per unit of processing power.
"They have little incentive to over-report use of energy, including electricity, as Beijing imposes increasingly restrictive regulations on energy use per unit of GDP on local governments, " said Bank of America Merrill-Lynch economist Lu Ting in a note.
WSJ: Some Economists Say China's Growth Has Slowed More than Data Suggest
What's more, earnings at Eastern are expected to grow at 8% a year, compared with 1% in TXU's Texas electricity unit, where the company agreed to rate caps through 2002 as part of a deregulation bill.
General Motors unveiled a new modular unit that uses the power from five used Chevy Volt batteries to provide up to two hours of electricity for three to five average homes.
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