![]() Options are typically portrayed as a form of financial insurance, no less useful than property and casualty insurance. This glossy rationale masks the reality: if it is insurance then a currency option is akin to buying theft insurance to protect against flood risk. Technical advances in solar water heating have been very rapid in the last 30 years. This is the only solar energy application which is commercially, technicĀ ally and economically viable and has been studied for more than 30 years in many countries. Solar Water Heaters are popular for the last three decades in countries like USA, Australia, Israel, Japan, India. Garg Centre of Energy Studies Indian Institute of Technology Hauz Khas, New Delhi 110 016 India Heating of water using solar energy is not new and by using a little science and technology in it, the solar energy can be utilized more effectively and economically for heating the water both for domestic and industrial applications. Recovering Energy from Waste Various Aspects Editors: Velma I. Nayak, Solar Energy - Principles of thermal collection and storage, second edition, Tata McGraw-Hill. Sukhatme, A Text book on Heat Transfer, Orient Longman, 1979. International Journal of Engineering Research and Applications (IJERA) is an open access online peer reviewed international journal that publishes research. He was also the Chairman of the Governing Council of the Physical Research. 7 was a space scientist and chairman of the Indian Space Research Organisation. ![]()
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