Contrary to popular liberal opinion, businesses make money by providing viable services. Theoretically, the better you are at this, the more money you should make. For example, Bill Gates comes up with a very popular operating system which supports kick ass applications at the right price and ultimately becomes one of the richest men in the world. The problem with most of the companies trying to solve the problem of clean energy is that, despite the best efforts of their intelligent research and development teams, they haven't yet built the technologies to replace our need for fossil fuels. The bottom line is I see us throwing good money at bad ideas.
This brings me to the story of Solarwindow Technologies, a perfect example of what I am talking about. Solarwindow is a publicly traded company headquartered in Columbia, MD which I peaked my interested as a good stock investment because, according to their web site (http://solarwindow.com/), they have the perfect the solution to the clean energy problem. Solarwindow's idea is a window coating which can generate electricity, so instead of solar panels, skyscrapers with large number of windows can actually become energy generators. Homeowners can generate their own electricity through their own windows. I got really excited about this company when I first heard about it. What a wonderful idea!! The planet is saved, right? Wrong.
Then I read the 10-K Solarwindow filed with the SEC and find out that, despite all the hype on their web site, since their founding in 2008, they have yet to produce anything that can be offered to the public. Consequently, they have never generated any revenue and the only reason they are still in business right now is primarily due to its main investor, Harmel Rayat, who seems to have no problem bailing this company out. The fact that the company has no product and therefore, no revenues doesn't deter their executives to pay themselves high salaries, leading me to believe that their sole purpose in life is to hype the Solarwindow pipe dream.
So my point is we still need to depend on our current energy resources as the dream of clean energy is not there yet. I believe we will get there one day. However, for now, America needs to continue to push a strategy of energy independence so we are not at the mercy of foreign countries to provide the energy we need to make America work.