Friday, September 16, 2011
The Solar Lining Behind the Solyndra Fiasco
Grist is pointing out that the bankruptcy of the solar company Solyndra which media reports have depicted as the end of solar power in the U.S. This is like saying there is no future for the internet because Netscape went out of business.
The irony of it all is that Solyndra was the victim of a big success -- the price of solar power has fallen rapidly, making more expensive technologies like theirs uncompetitive, but more importantly, making solar power a real player in the U.S. energy economy -- especially in New Jersey.