VANDERBILT WINS!!!

Solar energy is delivering power to thousands on the Navajo Nation⚡ With the help of @Qcells_NA and @ENERGY, Navajo Power Home is bringing electricity to many homes for the very first time. WATCH: https://t.co/f4vlLZjL1H

1/8 The Cato Institute is right to say that domestic consumers pay for tariffs, but they then make the mistake of concluding that tariffs reduce consumption. This claim is based on a rather simple-minded understanding of trade. https://t.co/WzVHAd6qOx via @CatoInstitute

I spent a week in Dalton, the northwest GA town known as the Carpet Capital of the World. Now it's become the heart of US solar panel manufacturing. @Qcells_NA built a panel factory there in 2019, then built a second one after the IRA passed in 22

By 2022, the US had basically ceded the entire solar supply chain. We produced <5% of modules deployed & far less than that further up the supply chain (cells, silicon etc). Today, thanks to the Inflation Reduction Act, the US is on track to make 80% of module demand by 2026.

Thanks @JigarShahDC and team, and congrats to @CartersvilleGA https://t.co/tdvZc7muBO @Qcells_NA

At any rate, we’re making huge progress with new U.S. manufacturing investments, but we can’t be complacent. We need more and it’s chaos out there. (end)

Imagine if Saudi Arabia started pumping so much oil they not only crashed pricing, but filled tanks the world over. Would we delight in low gas prices? Or would the response be overwhelming to ensure energy security. I think we all know, and we need that thinking for solar. (6/x)

We need consensus to address this. Near-term thinking and developer interests limit recognition of this problem and its long-term effects. It creates a huge risk for the long-term health of the industry. (5/x)

Solar oversupply is to almost nobody’s benefit. Behind the meter installs are down this year even with unlimited access to the cheapest panels in history. Interest rates, permitting, transmission, land availability, local opposition, etc. are the main barriers to deployment.(4/x)

The U.S. has the IRA and Commerce is investigating new duties after an injury finding, but the scope of the oversupply is so vast that it’s stunted new investment right when progress was finally being made to diversify. https://t.co/Wl9vV7GVwi (3/x)

In the last 12 months, annual supply has ballooned to nearly 3x demand. Prices are down 70 percent and there’s a full year’s worth of panels accumulated in U.S. warehouses (with even more in Europe). (2/x)

This is an important article from @KeithBradsher highlighting the extraordinary oversupply in China’s solar industry and the havoc it’s causing. https://t.co/JhjxCXqMPx (1/x)

Happening NEXT WEEK: Our very own Head of Market Strategy and Public Affairs, @scottamoskowitz, will be speaking at the @AltFuelTour in Cartersville, GA. Register today: https://t.co/THupELH3lC

It’s also massively short-sighted. We want voters to feel that fighting climate change will be to their benefit. If it’s associated with de-industrialization and job loss it’ll setback climate efforts way more than making solar panels slightly more expensive ever could

People often conflate cost of solar panels with cost of solar power. The panel is one part of the system, and advancements have caused a massive cost decline over time. In doing so, panels are an ever smaller % of total costs. Panels may be headed to zero but systems aren't. 1/3

10 years ago, @ewesoff riffed with Bill Walton at a GTM event. Wesoff: “I want to start out with a confession…I’ve been to 100 dead shows and have seen the back of Bill’s head at many of them.” Walton: “Now why would that be a confession? That should be a badge of honor”

I wrote in The Atlantic about how to fully unlock the economic & enviro potential of the Inflation Reduction Act: reform our outdated electricity system. With the return to load growth & AI’s thirst for power, this is fast becoming a top policy issue. https://t.co/XSTPZMRx0R

@ewesoff In the Q&A, an analyst asked him what he thought about the Knicks. Afterwards, he told us stories about matching up with Moses Malone. It was so cool. Will never forget it. An all-time athlete and human.

I remember he brought his own chair because of back issues. It looked like a huge burden to lug around, but he smiled the whole day. For a total stranger, and a famous one at that, he was kind, generous, and remarkably open to all of us. @ewesoff deftly moderated.