How to capitalize on Trump’s America, coal and algae is the new solar

[USA] Over the past four years, Solar and Wind companies and their underlying technologies grew tremendously from Obama’s commitment towards the development of renewable sources of energy.

Over Obama’s tenure, the US government invested over 150 billion dollars on solar and alternative energy initiatives. The capital committed led to tangible improvements as show on the chart above, such as the cost of solar energy falling from $76/watt in 1977 to $0.57/watt in 2015. There were also failures, with Solyndra declaring bankruptcy after the government committed $535 million towards the company. Most glaringly, despite this massive commitment- solar energy still comprises less than 1% of U.S. energy.

In spite of the nascent nature of the industry, investors flocked towards government money by investing over $2 Trillion over the past decade on renewable energy companies. But to be fair, if one got in early enough, it was a winning investment.

Over Obama’s tenure, the US government invested over 150 billion dollars on solar and alternative energy initiatives. The capital committed led to tangible improvements as show on the chart above, such as the cost of solar energy falling from $76/watt in 1977 to $0.57/watt in 2015. There were also failures, with Solyndra declaring bankruptcy after the government committed $535 million towards the company. Most glaringly, despite this massive commitment- solar energy still comprises less than 1% of U.S. energy.

In spite of the nascent nature of the industry, investors flocked towards government money by investing over $2 Trillion over the past decade on renewable energy companies. But to be fair, if one got in early enough, it was a winning investment.

 

Photo: Source – Department of Energy; Revolution Now Annual Report 2016

View full article at: How to capitalize on Trump’s America, coal and algae is the new solar

 

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