Counting On A Miracle

In a number of ways, 1366 (the name refers to the average number of watts of solar energy that hit each square meter of Earth over a year) reflects the ambition of a whole generation of energy startups. These companies often refer to "game-changing" technologies that will redefine the economics of non-fossil-fuel energy sources. Many were founded over the last decade, during a boom in venture capital funding for "clean tech"—not only in solar but also in wind, biofuels, and batteries. Many have benefited from increases in federal support for energy research since President Obama took office. Though the companies are working on different technologies, they share a business strategy: to make clean energy sources cheap enough, without any government subsidies, to compete with fossil fuels. At that point, capitalism