Here’s how to compare baseboards to heat pumps.
Baseboards create heat through resistive loads. As all the energy creates heat, you can say they are 100% efficient, but that is misleading if you take that to be good.
Heat pumps simply move heat, in either direction, to heat, or cool, and they do this using 1/3rd the energy.
Today’s heat pumps work at much lower air temperatures, can also use ground loops, or exchange heat from water bodies. #HeatPumps
@Lockpro @ajsadauskas @technology
Instead they focussed on payments only, which was the plan of a failing startup that merged with X.com a few months earlier - it was operating down the hall from X.coms small 2nd floor office. The name of that startup ended up replacing X.com’s — PayPal.
In 2003 PayPal was sold to EBay and Elon’s share of the sold company funded his investment in two new startups, Tesla, and SpaceX. His share after tax was USD $300M.
@Lockpro @ajsadauskas @technology oh, it isn’t unique, but X.com has been in Elon’s head since 1993 when he worked for the Bank of Nova Scotia for a summer job assistant to the VP Strategic planning. It was’nt BNS’s plan, but Elon’s to put every banking function online. A few years later #Xcom was operating in SiValley, but Elon’s Board lost confidence in his grand design, and removed him as CEO. ../2
John Stonier @mstdn.ca EV enthusiast, advocate, nerd. Helping to do good things for planet and civilized society. My things are electric, renewable, organic, crafted, local, reusable, long lasting. Heritage buff.