What's wrong with this headline? In Washington, D.C., there’s an ongoing debate about whether big oil and gas companies should keep their huge tax-payer funded subsidies. Meanwhile, in Beijing, the government is strategically maneuvering to capture the economic benefits of the future clean energy economy. A study released this week concludes that China’s green tech industry raked in $65 billion last year – making it the world’s leader in green tech production by revenue.
The green tech market contributed an impressive 1.3% of China’s GDP, boosting China’s rank based on percentage of GDP to #2. Windmill production giant Denmark scored highest with its green tech sector contributing 3% of its GDP.
The study (conducted by Roland Berger Strategy Consultants and commissioned by the World Wildlife Fund) also ranked the US. Guess what? We’re way down the list at #17.
Dr. Charles Gay, President of Applied Materials’ Solar division, discusses the impact of the new 33% Renewable Portfolio Standard that was just passed into California law. This interview with the Daily Energy Report is the first of a two part series.
California celebrated a major clean energy milestone yesterday as Governor Brown signed into law a bill that will significantly diversify the state’s energy portfolio.
The enacted legislation, which was authored by state Sen. Joe Simitian, D-Palo Alto, will increase the state’s renewable portfolio standard (RPS) to 33% by 2020 (up from the pre-existing RPS of 20%). This new law is a giant leap forward and sends an encouraging message to the venture capital community that the state remains committed to developing a vibrant renewable energy and clean technology sector.
The Silicon Valley Leadership Group will hold its second annual Sustainability Symposium: The Sustainable Corporation 2011, on April 8, in Santa Clara, Calif. at Applied Materials. The Symposium will focus on solutions and best practices that advance environmental sustainability within businesses.
The speaker line-up features a strong group of sustainability experts from industry, government and the NGO sectors. Dr. Alan Hecht, head of EPA’s Office of Sustainability and R&D will discuss opportunities for partnership between businesses and government. A keynote address will also be given by Lieutenant Governor Gavin Newsom – focusing on the role of green businesses in the state’s economic recovery.
Already the country’s leading producer of oil and gas and wind energy, Texas has an opportunity to take the lead in generating solar energy too. It’s the perfect triple play. Texas has more sun than any other state, ample land resources for large scale and distributed solar installations, and a tremendous need for domestic energy generation. Solar is an ideal solution and the market is growing exponentially in markets where a favorable regulatory scheme exists. So how can we jump start this industry in Texas?
Some positive signals from Washington this week: President Obama has rolled out a new strategy to develop a cleaner and more diversified energy portfolio.
In a speech at Georgetown University, President Obama called for reducing oil imports by at least one-third by 2025 – through improved fuel economy standards, energy efficiency and alternative forms of energy, such as solar, wind, biofuels and natural gas.
The President also built on his State of the Union speech with renewed calls for cleaner electricity generation, and a goal of requiring that 80% of electricity come from cleaner sources by 2035. Applied Materials applauds President Obama for his continued commitment to fostering the nation’s clean technology industry – and strongly support a plan for a clean energy standard that fosters solar deployment. We agree that renewable energy and clean technology is the key to our country’s future competitiveness.
China has overtaken Japan as the world’s second largest economy, however this is not necessarily a triumphant moment. Not only because China’s per capita gross domestic product (GDP) still seriously lags behind the developed world, it is also trying to accelerate economic restructuring and reduce its heavy reliance on high energy consumption to fuel its economy.
Having maintained a strong presence in China for 26 years, we are confident that as the current energy intensive “GDP Cult” fades, China will accelerate development in solar and renewable energy for a more sustainable development— and Applied Materials will play a key role in helping drive that green GDP.
Applied Materials Chairman and CEO Mike Splinter speaks with Chrystia Freeland, Global Editor at Large, Reuters and co-host Richard Haass, Council on Foreign Relations, about U.S. competitiveness, manufacturing and high tech jobs on Davos Today from the World Economic Forum (WEF). Visit our web site for more information on Applied Materials’ activities at the WEF.
The history of the semiconductor industry in India dates back to the 1980s, when multinational giants from the U.S. started outsourcing chip design and software development to India, so that the country’s technical talent pool could be tapped. Initially work in this area was centered on software development directly tied to hardware. It included development of automation tools, modeling and simulation, and embedded software, to name a few products. Over the years, the scope of these projects has expanded with several semiconductor companies in India adopting high-end product development. Since its origin in the country, the industry has been growing at a steady pace. The ISAFrost & Sullivan report estimated the Indian semiconductor market to be worth $4.56 bn in 2007. This figure rose to $5.9 bn by 2008 at a compound annual growth rate of 13.4%, and to $7.59 bn by 2010.
We did and said a lot around solar and clean energy in 2010 — it was definitely a BUSY year for everyone at Applied Materials. So to reflect on the year, we compiled a list of the ‘Top 10 Blog Posts’ for your reading pleasure.
Early in the year, Applied Materials was honored in The Massachusetts Institute of Technology's Technology Review as one of the world's 50 most innovative companies. Applied was recognized specifically for "Saving solar costs with large-scale manufacturing."
As I mentioned on the National Journal’s Energy Blog, tax incentives are part of the solution but must be used with many more and different policies if we expect to build a competitive renewable energy industry in the U.S. that can compete with heavily subsidized programs in China, Japan and India. The U.S. needs policy incentives that both pull deployment and demand and push domestic manufacturing.
One of the things I learned last week was that an event that combines cleantech, jobs and great food—along with effective advertising—can deliver an excellent turnout.
Indeed that formula worked at the recent Cleantech Outlook:Growing Green Jobs panel. The event, moderated by Rex Northen, executive director of Cleantech Open, was co-sponsored by the Santa Clara University Leavey School of Business, Applied Materials, and PayPal, which hosted the venue.