Solar Energy Becomes GE Industrial Policy
There are distinct phases in the development of a new technology.
The first phase is the era of the start-ups. The second is the era of big
capital. America is now into that second phase.
Spurred by fears that we’re losing “the green energy race” big players like Warren Buffett and General Electric (GE) are replacing older,
entrepreneurial companies as leaders of America’s solar industry. The fear is that even American production of solar panels may be dominated by
foreign companies like Sharp, which is adding workers at its Memphis solar panel
factory. The companies are willing to take a short-term hit on earnings in order to make sure America has a shot at the “next big thing.”