Climate One At The Commonwealth Club

Sun Up Dan Shugar, CEO, Solaria Tom Dinwoodie, CTO, SunPower In the wake of the collapse of solar panel maker Solyndra, the solar industry has received front-page treatment for the first time. Unfortunately, most of the coverage has been negative and ill-informed. In danger of being lost, industry veterans Dan Shugar and Tom Dinwoodie tell this Climate One audience is the good news – that solar is one of the fastest-growing industries in the United States. Dan Shugar, CEO, Solaria, offers a sense of the scale of the growth. “Solar is, for the last 10 years, the fastest-growing energy technology,” he says, recording 69% annually compounded growth, 10 years in a row. “Last year, our industry manufactured, shipped, and installed for homes, businesses, and power plants 17 gigawatts of power. That’s the daytime equivalent of what 17 nuclear power plants put out,” he says. Tom Dinwoodie, CTO, SunPower, adds that even assuming a slower annual growth rate, say 15%, solar could supply 100% of the United States’ electr