Star Investor Vinod Khosla Responds : Greentech Media. I wrote a mildly antagonistic profile of star investor Vinod Khosla last week as part of our "Green Kingpins" series.
Mr. Khosla responded with a well-thought-out and reasonable rebuttal, which we print here in its entirety. To review the issues you raised: Mr. Khosla is somewhat of a contrarian and can always be counted on to say something that doesn't agree with the conventional wisdom. Absolutely -- especially the latter line. Last year Khosla said, "I do not believe carbon sequestration can work economically. " I've repeatedly stated that traditional CCS is not a viable option (as currently imagined) due to problems with scaling and geology and I stand by that statement. For example, last week at the Wall St. So while he's investing in solar he has said that photovoltaics are "not scalable and not sustainable without subsidies.
" and "rich San Franciscans and Germans putting PV on their roofs only delays the problem and diverts money from where it's needed. " T. Founder, Khosla Ventures. Q-Cells Declares 2009 Loss of $1.8 Billion; CEO Resigns Amidst : Leading German cell producer Q-Cells has gone from weakness after weakness over the last 12 months, and someone had to pay.
As things turned out, it happened to be the man at the top. CEO Anton Milner quit his job last Thursday, citing a "huge loss of confidence" on account of the company's terrible 2009 results. The company declared a loss of 1.36 billion Euros ($1.84 billion) for 2009, compared to a net profit of 190 Euros (about $257 million) in 2008. It would be difficult to feign surprise at the outcome: the company had cut working hours for about 80 percent of its staff in April, later laid off 500 employees in August, and slashed its 2009 sales outlook no less than three times in six months. Facebook.
CleanTech Perils When Relying on Government Subsidies - Planet Y. WSJ ran a story today of how the one-time darling of solar energy, First Solar, is hurting as solar subsidies subside.
Key point: Solar power relies almost completely on subsidies, and those are being slashed in Germany, where First Solar made 65% of its sales last year The stock is down 40% and is likely to continue dropping. Its core business is suffering due to cheap solar panels coming in from China and the difficulties of transitioning to a systems provider for solar farms. The WSJ thinks it could drop another third. Startup Hopes to Help Car Owners Rent Vehicles to Others - Digit. Enable Personal Vehicle Sharing - AB1871. Why the Senate climate bill is on life support. Monday was to be a launch party for supporters of a congressional push to limit greenhouse gas emissions and boost domestic energy production.
Sens. John F. Kerry (D-Mass.), Joe Lieberman (I-Conn.) and Lindsey Graham (R-S.C.) were to roll out their long-negotiated version of the climate bill the House passed last year, along with endorsements from environmental groups, utility executives and even oil companies. You know what they say about best-laid plans. On Saturday, Graham scuttled the liftoff (OK, enough with the rocket metaphors) by threatening to walk away from the bill in a dispute with Democratic leaders over the timing of the climate bill vis a vis an immigration bill that Graham also happens to be working on. The general mood among close observers is that the immigration-climate spat will be resolved, Graham will eventually return to the fold and the launch will be rescheduled. *If the negotiations collapse, there's no clear backup plan. Alternatives do exist. Sens.