Clean energy is the future, and it’s the only smart bet for business.
In a move that appeared inevitable for months, commercial-scale solar pioneer SunEdison filed for Chapter 11 bankruptcy protection on April 21. The news grabbed clean-tech industry and general business headlines for sure, but I've been struck by how little splash it's made in the broader realm of national attention, particularly politics.
Peabody Coal's long-awaited concession that bankruptcy lies ahead signals the curtain fall on the long-running, silent and secret bail-out of the management of the U.S. coal industry.
Why is there so much investment and M&A activity in an industry plagued by bankruptcy? The answer is that solar energy is now on a growth path that will make it the energy story of the 21st century. How could bankruptcy lead to such fantastic growth? I say it all started with Solyndra.
Last week, Google and Fidelity announced they were acquiring about 10 percent of Elon Musk's Space Exploration Technologies, "SpaceX."
Ultra-deep water? It's going to be where the money goes, because oil majors can't find anyplace else to invest their obscene profits from explorations of two decades ago.