But..but..it's SOLAR, free energy from the sun how could it lose money! What they needed was a economics genius like AOC to show them how to operate at a profit. AOC would have made sure that the grid was required to purchase whatever was produced no matter the demand at a price point of at least 500% of market.
This is what happens when you put academia in charge of real world entities. Stanford physics professor Steven Chu left the blinders of his ivory tower enclave to run the Department of Energy. And run it in the ground he did. With zero executive experience and zero economic or business training, Chu handed out billions in subsidies to every new business startup willing to embrace any new energy idea with zero concern for economic viability. He was still running lab experiments, but on a much grander scale. Instead of persuading corporations to invest in his experiments, he now had the virtually unlimited budget of the US taxpayer to put all those ideas to task.
As expected, the results were an abysmal failure on a scale never seen before. Company after company after company went into bankruptcy taking taxpayer dollars with them. And companies who had already been applying these ideas for decades, but on a much smaller economy of scale saw their revenues disappear due to their new subsidized competitors which eventually put them out of business.
And what was the driving force for all this waste? Global warming. A man who is a genius when it comes to physics basically gutted the DOE budget in order to pursue some idealistic fantasy based on zero scientific evidence.
After four years of abject failure, Chu resigned from DOE. His lofty classroom pipe dreams exposed as complete economic failures under the experimental microscope of supply and demand. Back to Stanford he went. But did he share his new-found knowledge with the next cadre of impressionable minds? No. Totally oblivious to his own failure, he continues to spout the same old leftist BS that failed so utterly when our tax dollars were on the line.
