“…Cleantech companies just can’t seem to get it right. \u00a0At least, that\u2019s the notion Peter Thiel \u2014 a co-founder of PayPal and president of Clarium Capital \u2014 subscribes to when he looks at\u00a0cleantech companies as potential investing opportunities. He made the comments at a Commonwealth Club event in San Francisco\u00a0Wednesday.<\/p>\n
\u201c ‘ …Most of the people who run cleantech companies are sales people, not engineers,\u201d Thiel said. \u201cSomething seems to have gone quite\u00a0wrong with cleantech.’<\/p>\n
“…As a result, most cleantech companies that try to develop alternative energy forms are building power sources that are more \u00a0expensive. Solar panels, for example, are still not a cost-efficient way to generate power, Thiel said. \u00a0‘We need something cheaper, not more expensive,’ he said. ‘It doesn\u2019t matter if the energy is cleaner, it doesn\u2019t work if it\u2019s more\u00a0expensive.’ ” — Matthew Lynley, VentureBeat, 3 Feb 2011<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" “…Cleantech companies just can’t seem to get it right. \u00a0At least, that\u2019s the notion Peter Thiel \u2014 a co-founder of PayPal and president of Clarium Capital \u2014 subscribes to when he looks at\u00a0cleantech companies as potential investing opportunities. He made … Continue reading