Home > News > Silicon Valley banks on 'clean tech' and solar power
December 29th, 2009
Silicon Valley banks on 'clean tech' and solar power
Abstract:
MiaSolé, a solar panel start-up, sits near the heart of Silicon Valley— surrounded by blocks speckled with empty buildings that used to house chip, software and other companies.
The greater Silicon Valley has lost 50,000 jobs in the past year, and its unemployment rate, almost 12%, is on par with the state, a rarity given Silicon Valley's highly trained workforce.
But at MiaSolé, there are 300 employees, up from 150 a year ago. Every employee, including the janitor, has stock options they hope will someday soar. CEO Joseph Laia faces the quintessential Silicon Valley conundrum: what to do with employees who work all night as MiaSolé pushes to commercialize a cheaper solar-panel technology. He's considering a "cot room" for catnaps.
Source:
usatoday.com
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