Why the US is Losing the Solar Race to China
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- Опубликовано: 26 июл 2024
- Solar panels will be the main source of renewable energy in 2030, and they’re mostly made in China. For the United States, the accelerating pace of the climate crisis has quickly turned this industrial reality into a strategic threat.
US President Joe Biden and Congress have allocated billions of dollars to put solar panels on homes and factories and in fields. But when it comes to gaining ground on manufacturing solar hardware, Beijing has a 20-year headstart.
With Climate Week and COP28 looming, Bloomberg’s reporters and analysts analyze America’s prospects in this critically important piece of the energy transition.
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00:00 Introduction
01:17 Why solar power matters
02:40 How China came to dominate
05:20 The US efforts
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As the US is using semiconductors against China for geopolitical reasons, Bloomberg (without a hint of irony) worries that China may use solar panels for geopolitical reasons.
western criminal anti-democratic regimes know only lies and double standards.
They'd be doing us a favor. Solar is only viable (with current tech) in about 1/3 of the US. We'd be better off putting that effort and money into nuclear.
@@careyfreeman5056 us is too dumb for not switching to nuclear. idk why they are switching to evs and wind turbines for their climate goals. If your a policy maker and you tried switching to nuclear these gas corpo would lobby against you
@@theburden9920 My guess is big corporate has invested in it heavily already and now the rest of us are going to be roped in whether we like it or not. Not like corporate America will ever admit it's mistakes.
@@careyfreeman5056 they will never admit their mostakes because their mistakes is intentional
First, China itself has huge domestic demand for solar panels. In addition, China has a complete industrial chain in solar panels, and China's huge production scale and complete automated production lines have greatly reduced costs. The main thing is that China is not only a producer of cheap solar panels, but also a technology leader. leader. Don't complain about Chinese subsidies for solar panels. All countries are subsidizing them. Don’t Germany, Japan, and the United States have subsidies? Just like today's electric cars. When Japan and Germany controlled solar panel production and technology, how many countries could afford solar power? China cannot afford solar panels made in Germany and Japan, so it has had to develop the industry on its own.
😂you are correct ，that happened everywhere such as the subway system hasnt been widely built in China since 1990s they find out how to built since the machine from europe are 10 times expensive than innovating a method by themselves😂
Basically stole American designs then are buying land on other countries by destroying the land mining for the minerals needed. We should build walls of solar and wind turbines along the border. Then we need to open and manufacture quality products again. Quality over quantity will set the market . We need to go back to drilling oil and increasing our foot hold as a leader in energy and then go all in on finding how to manufacture better but cheaper semi conductors and longer lasting batteries for electric cars to sell globally.
The biggest flaw of this documentary is the deliberate concealment of how the solar industry in Europe and the United States maliciously suppressed China and how they used capital to forcibly acquire Chinese solar companies. Fortunately, they all failed, which allowed the whole world to affordably adopt solar energy.
Absolutely correct
I swear the US is holding back certain technologies for one reason or another.... F*ck I get it now!
When solar first came out it was expensive. It remained that way forever until China entered the market. Well done.
Absolutely, Dude
china is the future...
It’s normal that novel products get cheaper over time.
USA always wanted a piece of every cake on Earth..
lol
So do the Chinese. And they are getting it.
hahaha，that's true
USA Made notable advances, before predatory accountants routinely operated companies as mere cash cows.
Not just a piece, but the whole cakes
When China sent taikonaut in space for the first time in 2003, Western media discarded that event as only for PRESTIGE. They said China would better save their limited resources and talents to develop their economy instead of focusing on space and moon landing. But China prove them they have talents for every domain.
It's amazing how the American media justifies emotions mimicing outright wish for death on China, and thinks "just the government, not the people". Who the heck are we to criticize anyone? Sounds like pawns
those so-called "talents" are all trained and educated in the west.
If that's the case, you can only see Chinese people in Western universities. Do you know how many college students there are in China every year?@@9aaaaaaaaaaaa
was true 30 years ago
@@9aaaaaaaaaaaa the "all" shows your arrogance and ignorance
EU imposed close to 50% tariff on Chinese Solar Panel in 2014. That did not save EU's solar industry. You just simply can't achieve both increasing Solar Energy and Blocking Chinese Solar Panel at the same time.
Thats because it doesn’t matter how much tarrifs you impose if you don’t have access to the critical materials you can’t build solar panels at a competitive price
@@theburden9920
You are right.
But US ignores this and EU is doing it again in EV cars.
Both are political show.
Their leaders know the truth, but ignoring is for political gain.
Bad for humanity.
How dare the Chinese identified solar as the next big thing. Only America should have the right on the best big profitable thing.
Jimmy Carter tried but Reagan threw a wrench in that wheel.
Chinese solar panels are 90% cheaper than the US. That allows US to get maximum profit selling American solar panels to its citizens. Your prayer has been answered.
haha lol
When cars turns to ev, power, electricity not rely on oil anymore, you will know solar
Is serious alternative
That's right only the United States 🇺🇲
If you can’t win, sanction them again! 😂
😂😂Democracy, freedom, fairness, Western sanctions?
True
Sanctions don't work 😂
This is exactly what they did with Japan. The U.S sanctioned Toshiba and slapped 100% import tax on Japanese semiconductors which further exacerbated the Japanese economic crises
@@Muhammad_Ahmad_ what works on Japan doesn’t work in China
Printing money is USA’s biggest industry, can buy everything,no need of manufacturing.
"China graduates more engineers per year than the United States. In 2020, China awarded 1.38 million engineering bachelor's degrees, compared to 197,000 in the United States. China is the world's largest producer of engineering graduates."
Xi Jinping is a Chemical Engineer.
Next question, please...
Xi Jinping also have 3 PhD.
The standing committee for example is required to have a atleast 1 PhD to hold any position in the central government.
@@reis1185 But they say Xi Jinping only had elementary school education, thats it. lol
@@puga4202 like other young student at the time, Xi was sent to countryside during the "culture revolution". He had studied at Tsinghua University as a Worker-Peasant-Soldier student. However people don't take that into account since those students can be vastly different in knowledge and capability. So officially he only had elementary school diploma (in comparable to USA education system).
BUT, almost every single CCP official went through trainings in provincial or Central Party School of CCP before qualified to be promoted to leading position each time. It is no easy feat. I wouldn't dismiss that just because I don't like Xi.
Are you ready for war?
@@TacticalMayo Not sure about US. But I think the Chinese answered that question 1950 Oct 19th in Korea.
The question to ask is that why China has won all industries emerging in last 20 years - solar, wind, drone, EVs, etc.
Their system plus high quality human resources.
Because it is not a democracy, which is a system run by clowns..
China don't care about protecting wealthy oligarch industry. They invest in new industry that will disrupt the old one. US is focus on protecting oligarch because of corporate lobbying.
The Chinese attempt to "surpass by changing lanes." They didn't compete too hard in fields where other countries already hold a massive advantage, like traditional automobiles, software, pharma, and yeah, chips until recently. Instead they try to gain an advantage in new industries where nobody has a starting advantage yet.
High Average IQ Population + A Government with long term plans.
The US wasn't even a competitor to begin with.
We stay number one or war☢️
Well china would disagree with that considering they stole solar tech ip from the US solar firms
The biggest obstacle facing the domestic solar industry is due to the American own oil industry. US oil industry is so successful globally that it become it's own weakness.
On the other hand, China lacks reliable global oil network. It's forced to invest in alternatives in case of oil embargo by the West. That's where China megaboom in solar energy happened.
US businesses, meanwhile, would rather invest hundreds of billions into more oil rigs than renewable energy.
It's not the lack of investment. Its the success of traditional oil industries. Tax the oil companies and support the solar industry, and you will see real change.
Oil is important beyond fuel for your car. We shouldn't have to tax anything to
help non-competitive businesses compete.
China has coal and coal is still the first choice for electric generation. Also what
is ignored is recycling solar panels, it is not a nice, clean business.
明白人
@@AQuietNight Oil isn't very competitive right now at China's solar costs
The moment we realize China's CPC keeps its capitalism in check is not that bad. :) Capitalism should just be a tool, among many other tools, to develop oneself, rather than an ultimate goal. Jack Ma was put back into his place... (just a normal citizen, somehow got billions in their hand, doesn't necessary mean they can control the civilization)
It literally has nothing to do with oil lol!!!! Also from mining to installing to maintainance of solar panels materials, oil is needed! The grid, electric installations.... all needs to be installed/insulated improved and maintained too! That's also needs oil.
Q: Why the US is Losing the Solar Race to China?
A: American hillbillies
Str8 fax.
Trailer Park MAGA.
China is currently directing its attention towards semiconductor chips, anticipating a notable drop in their prices, similar to what we've observed with NVME SSDs. Have you not noticed the substantial decrease in NVME prices? This is attributable to the Chinese successfully advancing NVME technology and initiating local production in China, all competitors like Samsung, Micro have to drop the price in order to compete.
Hard disk technology is dead. The remainder three hard disk manufacturers are bleeding red.
@@joekerr8334lol!!¡ you're too funny! HDD is still very alive and it's still getting improved years after years! It's the HDD that stores data's at data centers .... the SSD is just for faster accès or other purposes! Get informed please!
😂they are two different direction， one is to solve climate change, power problem. Another is to solve chips which integrate technology in an item small or big. China focus on solar power for a long time before US sanctions on semiconductor manufacturing(the time China has to focus on semiconductor )
Looking at how fast china growth in recent time, I say give it 15-20 years, and China most likely will be the leader of microchips tech too.
Fun fact, since China developed memory particles, there have been no fires in Samsung factories and SSD prices have been falling. In China, you can already buy a 2T solid-state drive for 200 yuan. Therefore, the development of high technology in China will benefit mankind, but people who make money from high technology will be unhappy.
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China has invested hundreds of billions in green energy, more than Europe and US combined in any given year. Instead of wasting trillions on forever wars, even cutting back defense budget by one tenth and invest in renewables would help the industry a lot.
China renewable energy equals the whole world combined.
China built bullet train network more than the whole world combined.
True
Even if the US could catch up with the manufacturing capacity, how is it going to compete with the low prices that China has been offering to the global market?
they can't, and that's OK. you won't allow poor countries any advantage, will you? weak currency = strong exports
It would be hard. Most the raw silica is coming from China, and that's what's used to make the silicon wafers. Also, saying it comes from sand is misleading. You get areas of larger deposits of it, and it's those deposits that help keep costs down. They said about 90% of the world's silicon is coming from China, that happened around 2006 - 2009 where different mines were opened in China (shallow mines).
And this is why a lot of people think you shouldn't waste money trying to compete, or throw large tariffs on panels coming from China. This isn't a drop dead technology. Chinese companies AND the govt. WANT to export these products. There's competition already in the Chinese companies. It doesn't benefit them to cut supplies. On the other hand IF they were to use that position and then jack up prices so the CCP can make a lot of tax revenue from this market which they aren't right now then I could see pushing for rapid development of solar panels outside of China. But you STILL need large deposits of silica.
If there weren't tariffs on Chinese panels, right now the US would have a HUGE boom in installing capacity. Companies WANT to do this. Homeowners WANT to do this. If anything those tariffs slow down the installation,
@@johndoh5182 Well said. US tariffs on China is the dumbest policy that both administrations have engaged and continued in.
That is what should be expected in trade. Poor countries will be manufacturing hub until they get wealthier and their currency stronger. Then manufacturing will move to the next poor country. Rich countries benefit from cheap costs of goods while poor countries benefit from income stream. Eventually everything gets balanced and manufacturing costs the same everywhere. Then rich countries will now have to work.
This is only a problem in rich countries that are corrupt and don't tax their wealthy who benefit from cheap manufacturing.
A combination of automation and government subsidies. The subsidies would have to be to try to even out the effects of any currency value suppression, and from that level playing ground, high/full automation should give parity or even price advantage.
I have 50 Solar Panels made in China. For 12 Years now. Supergood. Heatpump made in China. Inductioncooking No Gas Needed. I wait for NIO SwapNGo Stations in the EU. Support China ❤️ for Clean Solar Energy.
"Boost demand, make imports harder, support US manufacturing, and make production easier". Other than make imports harder, I don't see the US capable of doing any of the other 3 things.
Inflación will kick in. Your $10 shirt will cost $50 now
Exactly! That's what I was saying! The US has literally no chance against China in the solar industry
Haha😂 not only US, EU is doing the same.
@@walkingwithsandels5728you think that's something wait till you see the war.
Dumb move. Protectionism will simply reduce innovation even more, and rising cost. In simpler terms, it makes American workers lazier and demand more pay for less quality work done.
China already solidified its position in solar, wind, new energy vehicles, and recently since the huawei ban, they have been focusing on semiconductors from logic chips, rf, lithography, etc. in 2-5 years, we all know the result, ultra cheap ssds and graphics cards for the world!!! 🎉🎉🎉
ultra cheap ssd is selling in China now，I bought a 2T ssd for 80 bucks
@@keli4068 what brand
长城。a Chinese brand 2.6GB/s read, 1.9GB/s write M2. It uses 长江存储storage chips @@ezioauditore5616
Not without stealing the IP, which they no longer have access to.
@@careyfreeman5056 actually they have a lot of access to that
The title should be 'Why the US is losing everything to China'.
I concur. US' method when losing is SANCTION, SANCTION, SANCTION.
US Corporate media said no ; They have dominance influence all over the world , and constantly fabricate multiple blatant lies to badmouth China ,such as ridiculous Xinjiang genocide accusation .
not in everything, nobody invents new genders and crazy cults like the US.
This is because the United States isn't losing more than what it's actually worth. So it may seem like the U.S. is losing things, but it's giving back what it stole and never truly deserved back to every one else in this large earth
LOL! So cute that you still believe this trope.
Even though I'm from an industrialised, developed country, I know that you cannot rely on the USA to push unless there is some reason for competition. USA did not get where it is by advancing, it got there by suffocating anyone else who was advancing, and claiming the win for themselves.
Didn't US jump start their empire through slavery? This strategy is a tough sell these days, unless you use prison labour.
@@isoboy2125
Oh, slavery is very much alive and well, except they call it "employment". The USA is seen by other nations as "having a set of tools at the work site" but not necessarily controlling the operations anymore. It's through a series of their own misjudgments that the competition has gained a competitive advantage, and now USA has to use it's spanners in the tool set to kneecap the opponent, so that they don't get left behind. It's sort of inevitable though, other countries with higher numbers / more drive / inspiration are going ahead in leaps and bounds while America says "but, but, our military is huge, and, and, we have silicon valley, and ... Hollywood...." 🤣
Agree, US only advancing by exploiting poor countries and inciting wars for its opponents.
Idk man, last time I checked all this output came from the US, and they’re consistently in the top spots for innovation. How do you justify your statement then?
The story of Alstom
China did it early and in such scale, reaped the benefits.
It's almost as if their leadership requires years of civil service, top scores in education and gets promoted based on merit and not how they look/sound in their 30 second soundbite on FOX/CNN
I dont like the ccp but as a iluminatti candidato I think that was a great mové cheers to china🎉
Making imports more expensive or more difficult means the products made in the country are more expensive/worse than the ones that come from abroad. This always means the increase in price for Solar panels
Yes, any LOCAL companies only worry about meeting the quality/pricing of what can be imported and adding a tariff on imported panels means local companies get to automatically price their products higher.
I don't think it's worth doing for solar panels because after all that affects the cost of electricity in the US. And if the US wants to move to BEV we shouldn't be making our power cost more.
@@johndoh5182 if in the end this would stimulate the local industry to increase the production of panels leading to more value to stay in the country... is something the consumers also would benefit in the future, and could make sense. But the taxes should be reduced progressively to force the local companies to become more efficient and competitive... otherwise will be a permanent subsidy to local production that would not even be competitive in the open markets.
Remember one thing too. China uses those solar panels.. and I bet that they have an actual IP address to it as well. So this is why they say they wanted to ban crypto, but I doubt it very very much. Especially when they have already sent their own satelites and rockets into the sky.
They had done it before , Both Eu and US and impose anti-dumping tariffs on Chinese solar products ,which almost wiped out China's solar industry , China turn to its domestic market to boost demand in Western China to get through all these hardship . Nowadays China's solar industry depend major on Chinese market .
@@AlexdaCunhaWow I love this. It means in the process of actually helping a business with a bit of assistance is actually bad , because you are building dependency. Pharmaceutical vibes. Energy is a drug . We all need it.
While US is always talking, talking, talking, China is always doing, doing and doing. China wont waste a single second on making beautiful powerpoint slides, they just show the products.
In the past decades, in the desolate Gobi and desert of northwest China, China has built a huge scale of solar and wind power generation, which is impossible for the United States to complete, and it is even difficult for the United States to build a decent high-speed rail.
The solar energy industry is currently in a state of intense competition. In the last round of solar energy competition, almost all players went bankrupt. Today, China's solar industry has produced almost all the solar panels that can be used around the world. It is almost impossible for U.S. solar companies to compete because of cost and technology mass production supply chain issues. If the United States adopts trade protection and sets high tariffs to block Chinese photovoltaic products, the United States will ultimately suffer high costs and reduce carbon emissions far behind the world's progress. It can be said that China’s photovoltaic industry has no real competitors. Because no other followers can be seen behind the leader. . . . .
Agreed. And while 10 years ago Chinese PVs were ~12% efficiency, now they are ~ 21% efficient. Impressive!
The woman in blue looks like that villian lion from Madagascar 2
When you have a fractured government (not to mention larger society) that changes every 4 yrs, speed and commitment towards long term projects are in short supply.
Exactly. I feel like projects only last for 4 years, then a lot of them either get cancelled or delayed over and over again. It is sad.
@@puga4202China better be careful with the US. If takes the crown from the US that crown will melt in radioactive ash☢️
This.
And US uranium comes from Russia too. Looks like more coal and gas power in America.
Fun fact, since China developed memory particles, there have been no fires in Samsung factories and SSD prices have been falling. In China, you can already buy a 2T solid-state drive for 200 yuan. Therefore, the development of high technology in China will benefit mankind, but people who make money from high technology will be unhappy.
👍
Tony Seba predicted the current cost and scale of solar in his 2009 book "Solar Trillions", for which he was roundly rubbished at the time. He has been yelling from the rooftops for 14 years that the dramatic solar learning curves means it would be outcompeting fossil energy by about now, but the Chinese were the only ones who took serious notice.
When you've been lapped so many times you lose count, there's no race.
There's nukes though ☢️
China also has nukes lil bro along with hypersonic weapons, so Mutually Assured Destruction, but luckily the Average American isn't as dumb as you@@TacticalMayo
Expect China to dominate the energy landscape by 2030
I'm pretty sure china already does
Not in the way ppl thinks, China will never dominate energy export, cos its still a developing country - ppl kept forgetting that, it means the majority of China has not fully industrialized yet, it means all the increase in energy production - however impressive - still cant satisfy their domestic needs, thats why even tho China is producing half of worlds renewable energy their oil imports are still drastically increasing with no end in sight.
@@TheRealIronMan china literally dominates energy exports currently... You're dreaming bruh... Wake up...
The United States is nowhere close and never will catch up...
I've been to China, lived and worked there for over a decade. China is light years ahead of the US in energy technologies.
@@TheRealIronManI see you based.
Kudos to China. Hardly a reason to spite them. US renewable energy adoption at state level politics ensured Citizens find it more more expensive to install roof top Solar in many states and then rely on conventional technologies that Local Electricity companies used. The lobbying that went on in states like Florida and Arizona is quite honestly disgusting and should amount to treachery for selling their own country. Only a country like US can invent something so useful and lose it all to greedy corporations short term thinking.
China has doomed humanity to nuclear Armageddon ☢️
Why the tech competition? Work with China to transition quickly to green energy and save the world
No
@@TacticalMayo , what the point for primacy in a ecologically collapsing world? Monkeys are fighting while the forest is burning.
Why does the US feel threatened whenever it falls behind a competitor?
entitlement (How dare you be better) and projection (If you are better, you would dominate us like we did), both bad attitudes
Because we do not do competition.
@@cuspchamwe won't accept it I guarantee you that.
Boosting demand is a critical element. US is a big energy consumption market. Instead of nuclear energy, boost solar energy in US market is completely within US own decision. In this regard, it is not all a bad thing that China has taken a lead. China domestic market is making this shift to solar instead of nuclear or fossil, which leads to much smaller CO2 footprint. That is a benefit for the world ecosystem.
China still builds coal fired power plants. Solar panels are tinker toy. When you need
real power generation you can rely on, coal or nuclear is what works.
Don’t forget that when the United States and other developed countries proposed carbon neutrality, they also included a premeditated plan to suppress developing countries. However, China’s counterattack exceeded the plan.
For the record China is going all in on nuclear too and has built the first thorium molten salt nuclear reactor.
The only thing the US is commited to is military spending.
Before china entered the smartphone market, smartphones were also expensive. But very soon they started to deliver smartphones with almost all the features of expensive phones in cheap price. Then other companies also had to reduce prices.
This is the same America that wants China to become a democracy 😂
China is already a democracy…
Let's be realistic, how long do you think US can continue to subsidize made in US solar panels? Hiring a person in US cost more than 10x and yield maybe 60% of productivity.
Solar panels are well under 30cents/watt wholesale while in most states, the retail cost is $3/watt.
The problem to more solar adoption is utility roadblocks, NEC code foolishness like rapid shutdown, and building dept hassle.
in China it's ＄0.07 cents/w
in China it's ＄0.07 cents/w
The inflation reduction act is illegal under the WTO rules.
Like the US cares if they break the WTO rules.😂. Any body else and it is death to them.
new flash, US is the king on Earth, he makes rules for everyone, but he is above the rules.
@@russli-lv2yc newsflash. This leads to retaliations by others.
@@tobiwan001 shh Chyna BOT!
Germany / allies and us / Japan etc.. Has been to nice to share market share with chyna! ungrateful manipulate people who either scam with trash stuff, fake companies etc.
Most of all trying to take over evreykey sector then put ban on other countries like ban on rare earth to Japan..
Chyna is a copycat... They never invented something that was revolutionary like 1,2,3,4 industrial revolution.. And even if they invent something today, do you really think they would share that with us?
They allso now spread hate on allies platforms all around the world about west / allies...
Allso our big coperations that allso selling the country out to chyna.. it has to stop..
@@tobiwan001and we have more than enough nukes for every single one of you ☢️
Xinjiang is China's main solar panels industry hub and since 2019 suddenly there has been tons of reports over Chinese government human rights issues and forced labor issues of this region and use it as the excuse of banning solar panels from Xinjiang. (Make import harder)
现在大家都能买得起电池板了，以前多贵，好的产品就是服务全世界人民的，如果太贵，只有几个人在用，那还有什么意义呢？
USA must be mad to imagine it could stop china progress. Just by population size alone, china has many more geniuses, scientists, researchers, engineers etc, invest more in R&D, has better government support, bigger market and a culture of diligence/discipline entirely lacking in the USA. Plus China has reached a critical mass to power its own rapid progress. Cheers.
We will go for the cheap price !
US is not simply lost, it just gave up in early days.
If you haven't been destroyed in a nuclear war that means the United States has not lost.
I love Solar Energy on my Rooftop. Thank You China ❤
Losing? The US isn’t even in the race at this point.
Fun fact, since China developed memory particles, there have been no fires in Samsung factories and SSD prices have been falling. In China, you can already buy a 2T solid-state drive for 200 RMB(30 USD). Therefore, the development of high technology in China will benefit mankind, but people who make money from high technology will be unhappy.
Chin real Hero😊
I’m confused. The US was never a serious player. Maybe the EU and Germany to start but they dropped the ball.
Losing the solar race, losing the EV race, losing the space race, losing the resources race. And even semiconductor sanctions fail.
"losing", we already lost.... like 10 years ago
Well there's not mushroom clouds everywhere so that means we haven't lost.
We need open standards so utilities can use our solar power as a virtual power plant.
In a commodity technology,
You either overwhelmingly dominate with economies of scale or go bankrupt.
Not nearly as important as China's 90% dominance in refining rare metals
Jenny Chase, Solar analyst with BloombergNEF: "First Solar receives $0.17 in tax credits for every Watt of modules it makes in the US, plus getting $0.04-0.05 per W for domestic content. Meanwhile the selling price of modules in China and Europe has dropped below $0.15 per Watt."
The United States is stuck with an over valued dollar. the high value dollar ties
the hands of American companies who export.
@@AQuietNight Te US has only 2% of global solar capacity, that does not even cover a 1/10 of the US needs of 140GW. Very few manufacturers of inverter, one micro-inverter manufacturer that is able to export (Enphase) so the dollar is not an issue. Investors in the US demand high return on invested capital and solar energy is not that.
@@hurry2011 When General Electric shut down it's lightbulb factory people
asked why didn't they make CFL bulbs instead? They said they studied it
and found even if they didn't pay one person in the plant, they still could
not meet or beat Chinese pricing.
The U.S. does export some American made cars but very few. A few
specialty companies export American made product but once again,
not that many.
Years ago while Reagan was president the dollar dropped in value. Textile
mills in the south gained tons of orders from Europe as the retail pricing
for U.S. goods dropped so much Europeans went on a buying frenzy.
Yes, a few companies will sell domestic product in Asia. The market will
be small and if the dollar rises those sales will disappear.
@@AQuietNight if you want the dollar to go down, the fed have to decrease the interest, which would mean massive inflation which biden adm is already struggling to manage.
America is not losing only in solarr but in every field from china😂😂😂😂😂
Not true
5:44 the video compression makes joe even more creepy! 🤣
😂😂😂😂😂
How can you compete with China for the cost and productivity if you are not as smart, diligent and efficient?
it has nothing to do with being smart! US was never a big player for solar energy, there is a lack of interest.
@@user-rt6ip4kb1i30 years ago the USA was by far the largest manufacturer of solar panels.
QUICK CORRECTION: The image at 4:18 is of a Hanwha QCells facility, which is a Korean (not Chinese) industrial conglomerate with solar factories in both Korea and the United States (Georgia). The signs on the factory are also in Korean, not Chinese.
You have observed it carefully. It doesn’t affect China‘s photovoltaic leading the world.
Nice eye. But that could be Hanwha's factory in China though. Upon quick check they have one there as well
indeed
@@cuspcham no,im sure thats in Korea not China.because the vehicle license plate in China are blue or green，and this place is white
Without pumped hydro mixed with other batteries and high voltage DC power lines, solar will always just be a side show for off grid.
The US should put sanctions on chinese solar power industry on national security reasons!
Already done 😂
cheaper solar panel --> cheaper electricity
One of the other major reasons why the US is lagging behind in sustainable energy advancements is the significant influence of the fossil fuel lobbyists in Washington DC.
Historically, these lobbyists have channeled vast sums of money into political campaigns, ensuring their interests are protected. There have been numerous documented instances where these financial contributions coincided with policy decisions favouring the fossil fuel industry over cleaner alternatives.
Comparatively, countries leading in sustainable energy innovations, like Denmark and Germany, have more robust policies that limit corporate influence in political decisions.
Thankfully, there seems to be a shift in the tide. The recent passage of the Build Back Better Act through Congress under the Biden administration is a hopeful sign that the US is starting to prioritise sustainable energy solutions over entrenched fossil fuel interests
underated comment , very true because for a decade congress is killing any bill on solar
It's baby steps. It's a long way compared to China's robust industrial policy. And we can expect huge fightback from oil lobbies (and other traditional industry that may be hurt by development of new). There's reason for optimism, but there are many more for the contrary.
So basically US is losing in every new industry, except for those traditional industries that US has huge advantage such as aerospace and semiconductor.
most credit to leaders who set forth great policy .Cannot blame China .From solar to chips to auto
because China is a doer not talker
When you check on Glassdoor, American employees are complaining that their white collar jobs were replaced by Indians. Are you sure manufacturing is the problem?
Excellent information.
Great
I have to ask....does everything have to be a competition...if the world is moving sustainably and the contribution is coming from Mongolia or Timbuktu I think that's a positive for humanity....sometimes these super powers are exhausting can they please get their planet and move there
Alas there is someone in the world who can't bear to be #2
@@kevinlin4895 from the rest of the world....we gladly do not care
Don’t forget that when the United States and other developed countries proposed carbon neutrality, they also included a premeditated plan to suppress developing countries. However, China’s counterattack exceeded the plan.
That depend on your world view. American exceptionalism claim that US dominance of the world safeguard freedom and prosperity for all as opposed to fascism or communism which are around the corner if it wasn't for the strong, powerful, noble and righteous hero that is USA. So China win means the end of freedom and prosperity for all and the triumph of evil that is Communist China.
@@yudogcome5901source? Give me the sauce.. THE SAUCE
The US need to built its own solar panels? If I can print the dollar by using my Brother printer at home, I will definitely just buy everything from any seller that accepts my self printed money.
4:17 that's a Korean plant
US is not just losing the solar war to China. It is losing the chip war to China. And it is losing the EV car war to China. China does not just produce; it produces with efficiency and quality. They now can produce 7nm chips for their high performance Huawei Mate 60 Pro which, mind you, is also a satellite phone. And they are now the largest car exporter in the world, just surpassing Japan at the beginning of the year. And most of these exported cars are EV cars. These EV cars are loaded with luxury features, heavy steel frames and doors, and with the battery that supplies for the world.
Yeah, China is the REAL DEAL. Make friend; work with China. That is the right decision.
The US already lost the EV war to China. Even the US car brands are struggling to capture the lucrative Chinese market.
Tbf no country has the capability to compete with China. Imagine if the Chinese sell semiconductors chip below the market price just like what they did to ssds and other industrial goods. All semiconductor companies will go bankrupt
Wait till you see the nuclear war ☢️
@@TacticalMayo By then we are all dead. Nothing to see.
@@TacticalMayo the US is the only government that managed to nuke a country twice during a world war. As for the atrocities that it has caused is something you probably want to happen again, making me think you are suicidal.
Only China can provide the world with cheap and high-quality solar panels, and do well. Can you imagine how expensive American made goods are? China is the hope of humanity.
4:17 why did you show a Korean company here while talking about China?
What about cps system
Why not ?
US stopping containing and instead getting along with China is the only way forward for not only the benefits of the two countries, but the whole world.
We're going to contain them or we're going to go to war with China even if we all die. Those are the only options there is there is no other option we will make sure of it.
risk?
4:58 392 gigawatts, but keep in mind that is comparing the generating capacity of a nuclear reactor 24/7 to the solar panels at noon on the equator, not exactly apples to apples.
Yes, but when we measure the amount of energy we use of fossil fuels we don't count that over 60% is lost to heat
Actually it's a weird coincidence but solar capacity is mostly as efficient as fossil fuels, so we usually just use the raw potential
Assuming all that are the newest panels. It will generate about 20-22% of nameplate capacity and in annualised terms about 4-5 hours a day average in non-temperate zones. But ~80GW is still a lot of energy that can be used to supplement base load.
Fossil fuel sources and nuclear are normally rated with a thermal and a generated mw electric. Solar should be the same. When they build the plant they know the average hours of sun through out the year, that should be mentioned when comparing it to a base load per plant
@@ColCurtis unfortunately the media never mentions this. I’ve deployed 582MW of Solar around the world. People think I’m BSing when I say Solar generates annualised about 4.5 hours average a day in Bangladesh. The response would always go but there’s so much sunlight in that part of the world. Solar has been overhyped and oversubsidised. Like our New York State deployments although small scale compared to the hundreds of MW deployments around Asia, the tariffs are amazingly high with none of the performance demands that say a coal plant contract would dictate.
The US wants its own industry but if you ask anyone who would work for $400 a month in a factory nobody would do it.
Long story short
China have enough surplus energy to make solar panel
American don't
This happens when u poke your nose every where u want to and forget to cook a meal and no u are hungry af😂😂😂
America needs Enemies Everywhere and Everytime 😂
the commentators don't seem to know what they are talking about. completely missing China's real advantages are, sure we could compete with China under two scenarios. 1) US adopts the CCP methods. 2) China adapts US methods. otherwise dream on.
People who say the Chinese economy are about to collapse need to look at this. A boom in solar and the digital economy created growth this year despite the property sector's negative gdp contribution.
talk talk talk VS work work work 😂
Losing? It’s been lost for a long time.
I don't see nuclear bombs going off so that ain't true.
@@TacticalMayo Do you know the real reason we haven't used nukes since the first time? Because nukes are pretty bad at achieving war goals. They are instruments of total destruction, and 99% of the conflicts have other goals than total destruction.
@@tonglu3699 trust me we're going to use them again.
Nice job. The clean energy industry needs some democratization.
USA is not losing to China but it has already lost to China 😂
If everyone is still alive and the world isn't destroyed in a nuclear war then that means what you're saying is not true.
haha. Murica gotta play Tonya Harding game to China's Nancy Kerrigan.
We're going to do a lot more than that ☢️
*According to the IEA (Int. Energy Agency), an incredible 217 GW of PV capacity was installed in China in 2023.*
*This means that China installed 6.5 more than the USA (33 GW)!*
China installed 148% more than in the previous year! And China exported 200 GW.
55% of global green electricity capacity (= wind, solar, hydropower, etc.) in 2023 was installed in China alone.
I support the Inflation Reduction Act.
Says an Indian.😂
It stimulated a lot of investments....
Union workers are very expensive
We need to reshore / friendshore a lot of our industries. Have we not learned with russia and china partnering up (BRICS) they don't have our best interests at hand.