Today I had the opportunity to speak with Holocene’s CEO, Ralph Thompson. We talked about the evolution of solar as a technology and as an industry. Here is an industry that has always shown promise, and yet had one major obstacle that seemed to crush all hopes of it ever becoming the dominant energy source. It was impossible to use solar energy as a replacement for fossil fuels.
Energy from the Sun is plentiful, and free, unlike fossil fuels. However, electricity generation from solar energy requires direct sun light, meaning you can’t get power if it’s cloudy, or bad weather, or night. The answer, of course, was to create some sort of energy storage solution, or batteries, so we can create energy when the Sun is shining, and use it when we actually need it. But this was an obstacle that for years seemed insurmountable, until all of a sudden, it wasn’t.