01 Sep '11, 11pm

Learning the Wrong Lessons from the Solyndra Bankruptcy

Learning the Wrong Lessons from the Solyndra Bankruptcy

Alternative energy technologies are the future; they can power the world, if we make an effort to help them do so. But I fear that this recent, spectacular failure may give credence to skeptical voices who advocate austerity over investment. Saving money is often a good choice, but failing to invest it aggressively enough can be just as bad as wasting it outright. The real lesson of this incident is that the US failed to invest aggressively enough, and were overwhelmed by a competitor that developed much more rapidly than was anticipated. It would have been better to invest more aggressively in these technologies years, even decades, ago, but in a perverse way, now wouldn’t be a bad time either. The nature of the competition for the market is now apparent, and this should make building business plans easier. With our lead in technology and automation, in time, the US can r...

Full article: http://cleantechnica.com/2011/09/01/learning-the-wrong-le...

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