Solyndra casts shadow on U.S. energy loan aid
Political furor over the Solyndra bankruptcy has dealt a body blow to the idea that the government should try to help clean tech start-ups through the costly "valley of death" to commercial viability.
The capital needed to commercialize cutting-edge, renewable energy technology is seen as too risky for both venture capitalists and for the banks.
Until the fossil fuel industry has to pay for the carbon it emits, renewables such as solar and wind are unlikely to attain the scale needed to compete with cheaper coal, oil and natural gas, and will depend on government support.
The Obama … Read more