RE:This is good to hear from Suncor's new CEO....Excellent find Blitzer especially in light what the reality is and why I have kept and will keep saying that the oil producers are under the gun. Unless they make monies and divest expensive low yielding alternative energy ventures they will not readily make a greener transition without making more massive cuts. I had dealt with solar companies in the past and there isn't much money to be made in them sad to say unless you get shares really cheap and sell them off.
The problem with solar is that they are best handled in being paired with other energy sources because on their own solar has had a tough time competing with fossil fuels to attain what they would call grid parity meaning that solar energy output is equivalent to fossil fuels. Because solar panels have not been able to gain string enough energy efficiency the best still most likely around 22 percent several companies moved away from roof top solar or individual panels to highly concentrated solar linked to power grids which may be able to bring energy efficiency and throughput at the cost of fossil fuels coal being the toughest to compete with. What companies started to do is combine solar with thermal energy so you have steam as well as sun feeding power grids. Solar isn't that viable on a cost basis level as far as I am concerned unless the panels become I would imagine 40 plus percent energy efficient. Low to mid 20s when they reach it I am doubtful will be enough. I have gambled on solar for more than 7 years in the past and from my experience with it if I buy into companies I would look to trade out on a double with them..I am not a huge fan of solar as a longer term option and would be careful in handling them.
There is lots of problems manufacturing solar from the amount of carbon gases emitted due to heavy heating as well as chemicals to panels distorting cracking and possibly catching fire. I like the intention behind the tech but many people who got involved in it by the looks of it like Suncor it is more a liability than asset. I an even less favorable to wind. Big drawbacks that are often said noisy can cut up wildlife and space solar can eat up tons of space as well but companies started to have building integrated photovallic or bipv which made sense to avoid overuse of landmass. So far it seems like no alternative energy source can compete against fossil fuels and the striving of grid parity where solar could is most likely possible as mentioned when combined with an energy grid and other sources of energy highly concentrated solar.
The bottom line is this that the cti inverter has massive implications in significantly cutting co2 emissions to possible workable and acceptable levels and as Mike stated without the need of carbon capture which he stated that the tech is still few years away on a mass commercial global scale so given what Axe has to offer it fully underscores just how extremely valuable this tech is.
Time will show where everything goes. I am definitely super excited despite the ugly current share value but I do see it as a personal buying opportunity and will not what I see as a gift horse in the mouth.