How actually to compete with China
Fifteen years ago, the federal government poured $535 million into a California-based solar module innovator, Solyndra. That’s a lot of money. In today’s money, it would be enough to cover the payrolls of the Red Sox and Dodgers combined. In 2009? It was enough for Solyndra to go bust in fewer than two years — making the company one of America’s biggest public funding debacles. Solyndra’s failure remains both a political talking point and area of introspection — especially as the US increasingly wakes up to the stakes of today’s industrial competition with China.