As a 501(c)(3) nonprofit, we depend almost entirely on donations from people like you.
We really need your help to continue this work! Please consider making a donation.
Subscribe here and join over 13,000 subscribers to our free weekly newsletter

Solar Power: Little Government Support in US
Key Excerpts from Article on Website of New York Times

New York Times, September 16, 2009
Posted: September 22nd, 2009

Applied Materials is one of the most important U.S. companies youve probably never heard of. It makes the machines that make the microchips that go inside your computer. The chip business, though, is volatile, so in 2004 Mike Splinter, Applied Materialss C.E.O., decided to add a new business line to take advantage of the companys nanotechnology capabilities making the machines that make solar panels. The other day, Splinter gave me a tour of the companys Silicon Valley facility, culminating with a visit to its war room, where Applied maintains a real-time global interaction with all 14 solar panel factories its built around the world in the last two years. Not a single one is in America. Lets see: five are in Germany, four are in China, one is in Spain, one is in India, one is in Italy, one is in Taiwan and one is even in Abu Dhabi. The reason that all these other countries are building solar-panel industries today is because most of their governments have put in place the three prerequisites for growing a renewable energy industry: 1) any business or homeowner can generate solar energy; 2) if they decide to do so, the power utility has to connect them to the grid; and 3) the utility has to buy the power for a predictable period at a price that is a no-brainer good deal for the family or business putting the solar panels on their rooftop. Regulatory, price and connectivity certainty, that is what Germany put in place, and that explains why Germany now generates almost half the solar power in the world today and, as a byproduct, is making itself the world-center for solar research, engineering, manufacturing and installation. With more than 50,000 new jobs, the renewable energy industry in Germany is now second only to its auto industry.

Note: For lots more from reliable sources on promising new energy developments, click here.

Latest News

Key News Articles from Years Past