Superman |
08-05-2022 08:05 AM |
Here we have an accusation that this is all DOE's fault for allowing manufacturing to occur outside the US, but the article suggests UniEnergy Technologies mislead DOE. The article also reports that DOE has yanked UniEnergy's license for failing to meet its requirement to manufacture in the US.
And here is what lies at the heart of UniEnergy's decisions:
The agency issued the license, and Yang launched UniEnergy Technologies. He hired engineers and researchers. But he soon ran into trouble. He said he couldn't persuade any U.S. investors to come aboard.
"I talked to almost all major investment banks; none of them (wanted to) invest in batteries," Yang said in an interview, adding that the banks wanted a return on their investments faster than the batteries would turn a profit. Finally, the article reports the current state of licensure and the future state of both American and Chinese manufacture:
Now that the Department of Energy has revoked the license, Skievaski said she hopes Forever Energy will be able to acquire it or obtain a similar license. The company plans to open a factory in Louisiana next year and begin manufacturing. She bristles at the idea that U.S. engineers aren't up to the challenge.
"That's hogwash," she said. "We are ready to go with this technology."
Still, she says it will be difficult for any American company at this point to catch up. Industry trade reports currently list Dalian Rongke Power Co. Ltd. as the top manufacturer of vanadium redox flow batteries worldwide. Skievaski also worries about whether China will stop making the batteries once an American company is granted the right to start making them. It seems that DOE has provided for American manufacture. But....China's manufacturing infrastructure is considerably more efficient than ours. Will China stop making these things? Yes, as long as the Moon is made of green cheese. Of course China will continue making these. There never was a way of preventing them from stealing the technology.
This is a failure of American manufacturing economics being told as if it were a failure of federal gubmit.
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