New call to end government loans for green technology

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Well there's a picture was a thousand woods the former Solyndra building his -- I'll.

And today a new coal -- smack down on the government's Green loan guarantees.

Not from an industry -- critic -- I'm talking about a CEO in the solar industry James Nelson is the head of Sola 3-D James welcome to the program.

Thanks Stuart the Begin this race you all all private all the time no subsidy is no government loan guarantees -- making a 3-D soulless self corrects.

That's correct and you got all the money you need from totally private sources right.

So far that's correct and you doing well.

We're doing just fine thanks so we're what do you -- of what are you doing differently from Solyndra tell -- -- -- the solicitor ensor 3-D had started out with very similar hopes and dreams of -- -- the economics of the solar industry.

In order to make it affordable for everybody in the world.

But from there our paths diverged.

You -- or 3-D.

We've hired very few people we hiring consultants to help us to help us so that we.

Control our costs we lease our facilities including high end technical facilities.

Just the up as a whistle -- Sandra spent will would you go there are millions of dollars to build new machines and bill knew it.

Realistic would you say that it was the government money.

The ruined it Solyndra and if they hadn't golf but money may be they'd be in the same position as you would you go -- phone.

Well look.

Commercializing a product takes brains and determination and grit and government money rarely helps you'd.

Do you do that in fact they're really sometimes better beats you in the process.

You're more interest in having the money and spending it on facilities.

Complete with Wesley robots then you are on really being determined to go after the market and getting a it sleek.

Commercialize novel product so you want an end to these government subsidies and loans net if you did -- Would that make they'll enhance the solar industry all -- it.

Well there are two ways that the government finances.

The solar industry one is with these government loans where they help try to commercialize already invented products.

And the other one is investing in programs like RPE where they invest in brand new technology.

That's where government can be very effective since World War II of them invested in.

Technology -- has become national treasures including the Internet just technology it and and innovation that -- all totally make solar.

A put.

Widely accepted and happy saying you know you're all -- with the government you're right with the government backing basic re so much what -- brand new basic illustration -- -- -- off.

But you don't -- yes subsidies for existing companies with the existing technology that just marketing -- thing you know white -- Now ultimately it's all about global competitiveness for America and when you subsidize a IA technology that is not cost competitive.

You not only -- the industry you also heard America.

James Nelson -- 3-D CEO all private all the time -- -- thanks so much so we appreciate you being with us thank you.

Thank you and -- did.

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New call to end government loans for green technology

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