Collectifission on Nostr: "Cleantech businesses that raised hundreds of millions of dollars from SoftBank, ...

"Cleantech businesses that raised hundreds of millions of dollars from SoftBank, Amazon and other big investors are closing, while other green companies — including some touted by the Biden administration — are struggling to survive."

I'm of two thoughts on this:

1. This is bad as it loses momentum that we so desperately need in rolling out more solar and wind.
2. Can we finally put the myth to bed that solar and wind are so amazingly cheap? Even with massive state subsidies these companies fail. The price isn't right...

#Renewables #EnergyTransition #USA

https://www.ft.com/content/25a98c20-59d9-4393-94b8-e5abfaa85826?shareType=nongift