What's next for solar?

October 19, 2010  |  Length: 00:02:03

At the GoingGreen Silicon Valley 2010 conference in San Francisco, Abound Solar CEO Tom Tiller, BP Solar CEO Reyad Fezzani and Applied Ventures Venture Capital Associate Investment Manager Anand Kamannavar offer their perspective on the future of solar.

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Transcript

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>> As you look out, you know, the future of solar, maybe the future of solar in the U.S. and perhaps the future of solar in your companies, let me just quick, quick on each of those or any of those.

>> Very optimistic, pretty dynamic. So, I think it is a very hard industry to forecast accurately or well, but I think as cost come down, the demand grows and it probably grows very, very quickly. If you look at this year specifically, I think you know kind of consensus forecast coming in the year where maybe up 30, 40 percent and looks like the reality might be up 80 to 100 percent and there is a lot of smart people looking at these forecast, so it is tough, but I think I am very optimistic.

>> That's great.

>> I think the business is extremely competitive and I think that, you know, anybody who thought they could get into solar to make a quick buck, I think they probably have to think twice apart from Myra assumed spelling who is always making money. But the reality is that I think this is an elephant market. It's always been an elephant market in the waiting and it will be a global leader. I suspect China will be bigger first and I think the U.S. will catch up and become bigger than China as a market that deploy solar in due cause. I am very optimistic about the U.S. and I think there is tremendous opportunity. I think a lot of the bottlenecks are not to do necessarily with the cost structures and the incentives, they really to do with how do we distribute solar in an efficient way because in the end this is the most distributable and that is where it plays strongest energy form.

>> Well said.

>> I think, one dependency I am very bullish, I clearly see like in the next few years anytime we go to Home Depot or anybody who is considering a new buy and say, I want a fridge, I want a dishwasher, dryer and I want these solar panels on my roof. I think this is going to happen and we are almost there.

==== Transcribed by Automatic Sync Technologies ====

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