Friday, December 9, 2011

Private Sector Waking Up to Future

SolarCity gets private investment funds

Although the investors of this San Mateo, Calif. solar photovoltaic project have been slowed down by a "republican-beaten" U.S. Energy Department, they have found private sector funding to the tune of over $1 Billion.

That's not surprising to me because it's about time good ole U.S. capitalism woke up to the money making potential of solar energy as well as other "green" energy sources. After all, the technology is now in hand and the numbers favor new green energy.

It is interesting that SolarCity, the developer, plans to build "privatized U.S. military housing communities nationwide," up to 120,000 housing units.

Changing our nation's reliance on carbon-based fuels has proven to be a seriously difficult process with many roadblocks. Many, many paychecks are tied to the old systems, such as coal-fired power plants.

Back in the late 1940s President Harry Truman ordered the U.S. military to integrate. That was a major step toward the launching what later became the Civil Rights movement of the 1960s. I hope following in Mr. Truman's footsteps, using the military to bring about change,  will help ignite a reborn "green power revolution."

Either way, this investment overcomes a big hurdle.

 Go here for the USA Today story>>>  or here for a PDF version of the story>>>

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