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ENERGY SYSTEMS BLOG
by Sherry Faust, CEO
May 11, 2020
Based on many years as an entrepreneur, a VP Marketing for Fremont Bank (the only remaining CA community bank formed in 1964), the owner of a construction company, and the owner of a private school, having much experience in wholesale and retail sales, and a specialty in data evaluation, my ability to observe and evaluate markets has held me in good stead. My capability in projecting future behavior of my own participation in markets is general, not necessarily granular, but has resulted in success in all of my endeavors, hence my confidence in offering my opinion based on those experiences.
The World Resources Institute May 5, 2020 article* “3 reasons to invest in renewable energy now”, concentrates on the benefit of stimulus investment and impact on climate change due to the CV-19 interruption, and to which I heartily agree, since it’s basic message is part of ESLLC Mission Statement. However, it is my postulate that there is another benefit to investment in solar energy for profit, for return. Challenge Americans with a huge threat to their survival and freedom, and the country comes together, as occurred in the American Revolution, 1918 pandemic, Pearl Harbor, WWII, 9/11, naming a few. In early 2020, given the country’s economy has crashed for most of the last three months, the push and drive over the next quarters in all industries will accelerate with hard work and determination to make up for those lost months of return. My agreement with Trump is not total by any means, however I do agree with his statement, likely from close adviser, Larry Fink of Blackrock, Inc**. The cure cannot be worse than the problem. The machine will soon go into high gear to make up for the current freeze in production. Demand will be hitting highest levels in the second quarter 2021, just when ESLLC’s current 20MW project comes on line at COD. Many small businesses may go under due to CV-19, but this will not impact the rest of the engine gearing up for, and surpassing, the 2020 loss and creating huge demand for energy. American’s are smart people, there will be changes to social behavior, but it is certain Americans will not stand for an outrageous defeat by a bug!!
*There are many such articles on the net reflecting the time is right for investment in renewables.
**BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019. Wikipedia