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Amid all this disruption, Britain and other countries have created a smorgasbord of incentives to power providers to keep the lights from going off. Neil Hutchings, director of power systems and storage at Anesco, the small British company that supplied Mr. Beatty’s battery, said there were no fewer than 14 ways that it could make money. “The real secret is how to pick out the best combination,” he said. Independent journalism.More essential than ever. Subscribe to the Times While he said the batteries, which are imported from China, were improving, the real key was in the electronic controls that allowed them to react almost instantaneously to the needs of the grid.

Finance is an essential component of industrial change because it allows technologies to be developed before they can generate a return. But if finance no longer serves industrial change but instead prioritizes rent-seeking (seeking to increase its share of existing wealth without creating new sources of wealth), creative destruction of the present carbon-intensive industrial system cannot occur. The aim of this article is to investigate this issue through a study of the emergence of one low-carbon industry, solar photovoltaics (PV) in the United States. The focus is on the period after the first oil shock in 1973 until the end of the 1980s. The case is contrasted with the more successful development of the industry in Japan. In the late 1970s, American firms held 90% of the global market share; by 2005, it had declined to under 10%, whereas the Japanese share had risen to almost 50% (9). Changes to corporate governance and organization brought by financialization are identified as major causes of the difference in outcome.

One camp consisted of a small number of entrepreneurs who had been involved in producing solar cells for the space program or pioneered their application on Earth.

The other camp consisted of the energy policy bureaucracy and closely affiliated large manufacturing and energy corporations along with utilities (65).

The design is “based on what we know is affordable housing in Puerto Rico for a single family,” says Hector Ralat, an architect based in the firm’s Puerto Rican office. “But the focus was to alter the DNA of that knowledge and to put in the essential components that someone would need to sustain living conditions for at least two weeks, which is the recommended time here for someone to receive aid after a disaster.” The houses will likely cost around $120,000, a number that lets homeowners access favorable interest rates on mortgages. The units can be stacked on top of each other; in Villalba, most of the community will be three stories high (the solar will serve the whole building).

“We just know our product is better than stick-built construction in these types of dangerous environments,” says Paul Galvin, chairman and CEO of SG Blocks, the parent company of SG Residential. “Heavy-gauge steel structures are just designed to a high tolerance for the effects of climate change.” The houses, most of which will have two bedrooms, will start at $90,000 to $130,000. It might be possible to build cheaper houses, Galvin says, but the company is “trying to deliver product that is quality-driven, in that it’s going to be built once and it’s not going to be destroyed every storm.” The company is also working with a bank to create a mortgage that is similar in monthly cost to a car payment. The design can incorporate solar panels.

HiveCube, another modular housing company, is also using shipping containers, and has targeted a much lower cost–the houses start at $39,000 for a two-bedroom home. “We believe that your safety should not be a matter of income, but a given when you are planning to buy a home for your family,” says María Velasco, cofounder of HiveCube. The homes are designed to be fully off the grid, with solar power and batteries, a rainwater collection system, and a gray and black water treatment system that uses plants and bacteria to treat wastewater instead of septic tanks.