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Energy Gang

Watt It Takes: Dan Shugar, the King Midas of Solar

Energy Gang

Wood Mackenzie

Tech News, Environment, Sustainability, Innovation, Renewable Energy, Technology, Alternative Energy, Energy, News, Cleantech, Wind Energy, Business, Climate Change, Solar Energy

4.61.3K Ratings

🗓️ 22 November 2017

⏱️ 59 minutes

🧾️ Download transcript

Summary

Dan Shugar lives, breathes and bleeds solar. 

"If you cut my wrist, pure silicon comes out," he exclaimed in an interview with Powerhouse CEO Emily Kirsch, as part of the Watt It Takes interview series

This week, Shugar steps behind the microphone to talk about turning his passion for PV into deals and acquisitions worth over $1 billion.

Shugar has a storied career. Some call him the "King Midas" of solar, because he's turned so many ventures into gold. He's the former president of Powerlight, the pioneering developer acquired by SunPower in 2006. He's now CEO of the tracker company NEXTracker, which was sold to Flextronics for $330 million last year. 

In this edition of Watt It Takes, Shugar describes the moment he realized solar's potential while working for PG&E; how Powerlight was founded and funded; the risks he took when getting into solar; his passion for the environment; and why everyone is underestimating the growth of PV.

This conversation was recorded live in Oakland, California at Powerhouse. In the next episode, GTM Co-Founder Scott Clavenna takes the stage.

This podcast is brought to you by Mission Solar. Find out more about Mission's high-quality, American-made solar modules.

Listen to earlier episodes of Watt It Takes:

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Transcript

Click on a timestamp to play from that location

0:00.0

This Podcast is brought to you by Mission Solar Energy, a solar module manufacturer based in San Antonio, Texas.

0:07.0

Mission Solar modules are designed, engineered, and assembled in their Texas-based 200 megawatt facility and serve residential commercial government and utility applications.

0:17.5

Adhering to the strictest quality standards, Mission Solar's modules outperform their

0:21.8

competition in real-world conditions, proving to be an easy choice

0:25.4

for installers, distributors, and developers.

0:28.4

To find out more about Mission's High Power American Quality modules, visit Mission Solar.com.

0:34.0

Hey folks, Stephen here with another edition of our interview series What It Takes, produced alongside our friends at Powerhouse.

0:45.6

This week, Dan Sugar steps behind the mic with Emily Kirsch.

0:49.3

Dan has a storied career in Solar.

0:51.6

He's the former president of Power Light, the pioneering developer

0:54.5

acquired by Sun Power back in 2006. That acquisition sparked a broader vertical integration

0:59.6

trend in solar, and he went on to oversee hundreds of projects worth nearly a billion dollars.

1:05.0

Dan is now the CEO of the wildly successful Tracker Company Next Tracker,

1:09.0

which was sold to Flextronics for 330 million dollars last year.

1:13.0

He's one of the few executives in this industry who has seen multiple successful exits.

1:18.0

This conversation was recorded live in Oakland, California at Powerhouse, a co-working space and seed fund that supports 100 entrepreneurs

1:25.6

focused on software-based clean energy business models.

1:29.0

And as usual, Powerhouse CEO Emily Kirsch is your host and interviewer.

1:33.2

First, GTMs Shale Con sets the stage.

1:39.0

So I'd like to offer you two introductions

1:41.9

to tonight's guest on what it takes, Dan Sugar, who's

1:44.8

sitting behind me. The first is the sort of public introduction. The second one will be a

...

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