Episode 915 • • 1:08:55 - 1:18:13
915: One Belt One Road
Deconstructing the Georgetown Texas Renewable Energy Scam
Adam Curry deconstructs the claim that Georgetown, Texas, is powered by 100% renewable energy, revealing it as a "grid scam." The city actually buys energy from the general Texas grid, which is only 10% renewable, while paying a bankrupt company called SunEdison through a "yieldco" derivative structure. Georgetown reportedly lost $6 million on the deal last year because it could not sell excess energy back to the grid during peak production.