The collapse of the technology sectors has left a number of young entrepreneurs searching for the next Big Thing. Could that be development of alternative forms of energy? Some apparently think so and they are concentrating their talents and resources on energy from such sources as biomass to solar to wind and geothermal.
Experts say the economic gap between such relatively expensive sources as these and costs of generating power from traditional fossil fuels is fast narrowing.
Deregulation would encourage the use of alternative energy sources, but it has been set back by the Enron scandal and other debacles.
About 30 states have policies that are supposed to encourage the use of renewable energy.
Source: Amy Cortese, Can Energy Ventures Pick Up Where Tech Left Off? New York Times, February 9, 2003.
For text http://www.nytimes.com/2003/02/09/business/yourmoney/09VENT.html
For more on Energy http://www.ncpa.org/iss/ene/
FMF Policy Bulletin\11 February 2003
