National Business News
'A giant fusion reactor in the sky': Elon Musk told Joe Rogan that you can power the entire US with 100 x 100 miles of solar — and it’s ‘not hard.’ 3 stocks to bet on that sunny outlook
Due to the complex interplay between environmental concerns, economic interests and geopolitical dynamics, energy is a highly contentious topic. But according to Tesla CEO Elon Musk, there’s a great energy source that can fulfill all our needs right above us: the sun.
“You could actually power the entire United States with 100 miles by 100 miles of solar,” Musk said during a recent episode of “The Joe Rogan Experience” podcast.
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Host Joe Rogan was intrigued by the idea, asking, “Really? So you could just pick some dead spot, cover that sucker up with solar panels and charge the whole country?”
“Absolutely,” Musk responded. “We need batteries, but yes.”
Musk explained that “it’s not hard” and “very feasible” to power the entire country with solar because the sun is converting more than four million tons of mass to energy every second and requires no maintenance.
“That thing just works. We have a giant fusion reactor in the sky,” he said.
Musk’s perspective not only highlights technological possibilities, but also draws attention to the solar industry’s financial potential. In fact, many companies are already helping people harness the power of the sun.
The U.S. is expected to add a record 32 GW of new solar capacity this year, a 52% increase from 2022, according to a report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
Here’s a look at three solar stocks in which Wall Street sees major upside.
Enphase Energy
Enphase (ENPH) is one of the world’s leading suppliers of microinverter-based solar and battery systems.