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World Jumps On Renewable Bandwagon with Applied Materials, US Falls Behind

 - Sep 19, 2009
References: appliedmaterials & nytimes
Solar power, wind and water energy are the future of renewable resources, says Applied Materials. The company is a US-based innovator that has expanded internationally into a billion-dollar solar business. But not in the US. Applied, which was started in the States, has found its success overseas. Solar power is green, tested, and efficient—what’s holding the US back?

In a recent op-ed, Thomas Friedman tells why he is one of many economists, researchers and smart people who sees a problem with how the US is handling solar power innovation. Germany is at the lead in the solar industry, currently producing 50 percent of the world’s solar power. China is in on the game, too, and is investing widely in its production. Applied Materials is making serious money with international factories and contracts.

As non-renewable sources get more expensive, renewables like solar power look better and better. Applied Materials' green power is no longer a question, it’s a certainty—the sooner companies jump on board the sooner they’ll be benefiting from all the sun and wind have to offer.