Comment on Solar panels for surveillance but none for affordable power
Bytemeister@lemmy.world 9 hours agoMaybe, maybe not.
They’re only pulling ~300-500 million in revenue, which is enough money to build… 1 or 2 grid scale solar farms…
I’m not saying that wouldn’t be a better use of the money, but you should probably do some cursory research on the company so you understand what they are doing, and the financial scale that they are doing it at.
nexguy@lemmy.world 7 hours ago
Perhaps you should do a cursory search on the companie’s financials so you understand. They passed the $500 million mark in annual revenue at the halfway point of this year after $300 million last year. That means they’ve likely already passed a billion in total revenue and are just getting started. My small town found the cash to put up $500,000 in a single year… and they are just getting started.
Bytemeister@lemmy.world 5 hours ago
“Annual recurring revenue (ARR) is a key metric used by subscription and software-as-a-service (SaaS) businesses to measure the predictable and recurring revenue expected over a 12-month period”
They are expecting to bring 500 million this year in revenue. Thats what I said, and that’s what you said. Not 500 million for the first half of the year and another 500 million the rest of the year. 500 million total.
Perhaps you should do a slightly less cursory search.
nexguy@lemmy.world 4 hours ago
Still well over 1 billion in revenue over first few years and growing rapidly.
Bytemeister@lemmy.world 4 hours ago
Just barely over a billion actually. We don’t have good numbers from 2017 to 2023, but from 2023 onwards they’re basically spot on 1 billion.
Regardless, not all of that money comes from groups that should be building solar power stations, and the amount of money spent on them is not nearly on the scale required to switch the grid to green energy in a reasonable timeframe. That was the whole point, you don’t understand the financials, you don’t understand the sources. You have a valid frustration about where and how public funds are being spent, but you’re barking up the wrong tree, and you’ve picked a rather small tree at that.