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Hoosier pitches solar-power solution

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If the father of alternating current, Nikola Tesla, were still around, he might well give Jason Oliver a high-five.

Oliver, of Arcadia, has developed a novel way to generate alternating current from solar panels. It’s notable because photovoltaic panels produce direct current, which has to be converted to AC before running a household appliance or sent into the power grid.
 

OTB Tech Rectangular solar panels might be history if Arcadia inventor Jason Oliver’s round, “spinning disc” panels fly.

Conversion adds cost to solar power and results in energy loss.

Oliver’s patent-pending AC solar process is simple. He arrayed solar cells in a circular pattern. Above them is a spinning disc with slots that alternatively allow light to shine on the panels to produce an AC waveform.

Oliver is a candidate in General Electric’s Ecoimagination Challenge, which funds promising technologies. Public voting on ideas runs until Sept. 30 (http://challenge.ecoimagination.com).

“Just imagine the power if everyone had an AC solar generator on their home or business. The power savings during peak daylight hours would be enormous,” said Oliver, a master mechanic with a background as an electrician. He’s also a disciple of Tesla, who died in the 1940s.

Tesla, a former apprentice to Thomas Edison, proved AC to be superior over Edison’s DC format for power grids, in what may be Edison’s biggest failure.

More on Oliver’s device: www.acsolargenerator.com.

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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