đź“şTarrif Troubles or Triumphs?
American Sunrise sat down with Richard Lu, CEO of Solar Bank to talk tarrifs, the markets and the future of energy in the US... watch now:
Transcript generated by AI:
00:00:01.355 --> 00:00:05.165
Welcome to American Sunrise. Early edition.

00:00:05.795 --> 00:00:08.005
Inflation is still sticking around.

00:00:08.065 --> 00:00:09.845
You know that if you went to the store recently

00:00:10.385 --> 00:00:12.765
and now we have these tariff worries to worry about

00:00:13.305 --> 00:00:14.685
and it's hitting a lot of investors

00:00:14.745 --> 00:00:17.525
and a lot of consumers, uh, where it hurts in the wallet.

00:00:17.625 --> 00:00:20.805
So will things get worse financially before they get better?

00:00:20.825 --> 00:00:23.405
Here's what President Trump had to say about that yesterday,

00:00:23.655 --> 00:00:25.365
about the chances for a recession.

00:00:26.285 --> 00:00:27.845
I hate to predict things like that.

00:00:28.455 --> 00:00:30.965
There is a period of transition

00:00:31.315 --> 00:00:33.045
because what we're doing is very big.

00:00:33.215 --> 00:00:36.285
We're bringing wealth back to America. Where's a big thing?

00:00:37.305 --> 00:00:41.805
And there are always periods of, it takes a little time.

00:00:42.785 --> 00:00:43.845
It takes a little time,

00:00:45.065 --> 00:00:47.045
but I don't, I think it should be great for us.

00:00:50.815 --> 00:00:52.555
Of course not, not all the news is bad.

00:00:52.555 --> 00:00:54.835
Even right now we have gasoline prices going down.

00:00:54.915 --> 00:00:56.395
I think we're gonna be below $3

00:00:56.835 --> 00:00:57.995
national average pretty soon.

00:00:58.495 --> 00:00:59.995
And interest rates are also going down.

00:01:00.095 --> 00:01:02.115
So there's a lot of data to consider. So remember that.

00:01:02.115 --> 00:01:04.395
Alright, let's continue with those questions about energy

00:01:04.395 --> 00:01:07.435
prices and also tariffs with our next guest, Dr.

00:01:07.435 --> 00:01:10.635
Robert Lou. He's the CEO of Solar Bank, which is a US

00:01:10.655 --> 00:01:13.715
and Canadian company listed here on the nasdaq.

00:01:13.855 --> 00:01:17.555
Dr. Lou, I just said those trigger words, us and Canada.

00:01:17.695 --> 00:01:18.915
So, you know what I'm gonna ask you?

00:01:19.455 --> 00:01:22.115
How is this tariff battle shaking out not only

00:01:22.115 --> 00:01:24.595
for your business, but really for the economy overall?

00:01:24.655 --> 00:01:25.655
So far?

00:01:26.395 --> 00:01:28.755
Y you know, Jake, we've been, uh, your, uh,

00:01:28.755 --> 00:01:32.195
wonderful northern neighbor for ages, I would say.

00:01:32.815 --> 00:01:37.035
And, uh, yes, solar Bank, uh, is listed in the us uh,

00:01:37.335 --> 00:01:39.555
on the Nasdaq as SUUN

00:01:40.095 --> 00:01:44.275
and in Canada as SUN, uh, we benefit

00:01:44.795 --> 00:01:45.955
actually from, uh,

00:01:45.975 --> 00:01:48.755
the electricity demand increase in both countries.

00:01:49.375 --> 00:01:51.435
Um, yes, there are tariff.

00:01:51.795 --> 00:01:53.795
I think there's a lots of going on,

00:01:54.175 --> 00:01:57.395
but, uh, we see tariff as both a challenge and opportunity.

00:01:57.935 --> 00:02:01.355
Uh, you know, as you know, solar is making about 7%

00:02:01.355 --> 00:02:03.715
of US electricity, uh, already.

00:02:03.935 --> 00:02:06.595
It could be more than 40% by 2035.

00:02:07.095 --> 00:02:10.555
Uh, tariff on solar equipment could, uh,

00:02:10.555 --> 00:02:14.035
potentially slow solar deployment, uh, risk prices

00:02:14.695 --> 00:02:16.315
and, uh, impact employment.

00:02:16.625 --> 00:02:20.125
However, those therapists may benefit

00:02:20.845 --> 00:02:24.685
building a more resilient domestic manufacturer, uh,

00:02:24.785 --> 00:02:25.885
for the solar industry.

00:02:26.145 --> 00:02:28.445
Uh, they can improve the competitiveness

00:02:28.745 --> 00:02:30.725
of our own manufacturers.

00:02:31.025 --> 00:02:33.085
Uh, we actually are working with domestic

00:02:33.765 --> 00:02:35.965
suppliers like Q Cell to get more

00:02:35.965 --> 00:02:38.365
and more made in the USA, uh, equipment

00:02:38.665 --> 00:02:41.365
for our one gigawatt plus of solar deployment.

00:02:41.905 --> 00:02:45.605
Uh, you know, uh, we are putting American first, uh,

00:02:45.905 --> 00:02:48.445
by getting bankable available

00:02:48.585 --> 00:02:50.805
and low cost equipment domestically,

00:02:52.065 --> 00:02:53.065
Right? I think that's,

00:02:53.065 --> 00:02:55.575
uh, you know, the American people are fine

00:02:55.575 --> 00:02:59.015
with the, all of the above energy option, especially solar,

00:02:59.335 --> 00:03:01.685
especially when it's because of the competition

00:03:01.785 --> 00:03:04.325
and the actual free market, which you were describing

00:03:04.325 --> 00:03:06.565
as opposed to someone from the government knocking on your

00:03:06.565 --> 00:03:07.685
door and saying, you have to do this.

00:03:08.025 --> 00:03:10.365
Uh, so that's where I wanted to talk about the you, Dr. Lee.

00:03:10.365 --> 00:03:11.405
You say there's an opportunity

00:03:11.905 --> 00:03:14.085
for a major energy boom in the US

00:03:14.145 --> 00:03:17.365
and Canada under President Trump, I believe you mean,

00:03:17.365 --> 00:03:19.325
that includes, uh, everything.

00:03:19.325 --> 00:03:20.765
Fossil fuels and renewables.

00:03:20.765 --> 00:03:21.645
You're not, you weren't just talking

00:03:21.645 --> 00:03:22.645
about the fossil fuel stuff.

00:03:22.725 --> 00:03:23.805
'cause that's all we ever hear is drill,

00:03:23.805 --> 00:03:25.125
baby drill, and I love that too.

00:03:25.465 --> 00:03:27.245
But you're talking about all the kinds

00:03:27.245 --> 00:03:28.685
of energy that we can get, correct?

00:03:29.705 --> 00:03:32.445
Uh, absolutely. Uh, it could be a real energy boom

00:03:32.475 --> 00:03:34.925
between the US and Canada, uh, mainly

00:03:34.925 --> 00:03:36.965
because of the demand for electricity.

00:03:37.145 --> 00:03:39.045
You know, over the last many years,

00:03:39.505 --> 00:03:41.245
the demand has been very stable.

00:03:41.745 --> 00:03:45.605
Uh, however, as the, uh, uh, you know, the, uh,

00:03:46.135 --> 00:03:49.205
technology, artificial intelligence, data centers

00:03:49.305 --> 00:03:52.085
and so forth, the demand for electricity in the US

00:03:52.645 --> 00:03:56.165
expected grow by 16% in the next five years, right?

00:03:56.505 --> 00:04:01.045
So, so that is why that we need, uh, to see

00:04:01.045 --> 00:04:04.845
that it's important to expand all forms of energy supply.

00:04:05.305 --> 00:04:09.085
Uh, yes, there are, uh, you know, drill, baby drill.

00:04:09.305 --> 00:04:13.165
Uh, we do have, uh, uh, a lot of liquid gold and our feet.

00:04:13.505 --> 00:04:16.925
Uh, however, one big reason that solars are expected

00:04:16.985 --> 00:04:19.445
to keep growing is that the US need them.

00:04:19.905 --> 00:04:22.005
Uh, solar can be built very fast

00:04:22.225 --> 00:04:26.525
to meet those mounting demand, to ensure timely, reliable,

00:04:26.875 --> 00:04:28.925
diversified, and affordable supply.

00:04:29.425 --> 00:04:34.165
Uh, companies and grid operators are looking at not only gas

00:04:34.305 --> 00:04:37.645
and coal, but also solar and nuclear, right?

00:04:37.785 --> 00:04:38.925
You think about, uh,

00:04:38.995 --> 00:04:42.885
natural gas already producing more than 43% of our power.

00:04:43.385 --> 00:04:46.245
The new nuclear power plants will take some time to build.

00:04:46.585 --> 00:04:49.845
Uh, we can use battery storage when, uh, there is, uh,

00:04:50.175 --> 00:04:51.285
short of electricity.

00:04:51.705 --> 00:04:54.645
We could also delay the closing of, uh, aging power,

00:04:54.705 --> 00:04:55.845
uh, coal powered plants.

00:04:56.265 --> 00:05:00.005
But we can continue to push the solar energy

00:05:00.265 --> 00:05:01.405
to supply more power.

00:05:01.745 --> 00:05:05.125
Uh, the Trump administration is very right to cut red tape

00:05:05.275 --> 00:05:07.485
that is holding back energy production.

00:05:07.985 --> 00:05:09.325
Uh, as you know,

00:05:09.325 --> 00:05:12.125
solar is the fastest growing source of electricity.

00:05:12.585 --> 00:05:16.685
Uh, in the US we have spent more than $280 billion

00:05:17.105 --> 00:05:18.285
on renewable energy.

00:05:18.625 --> 00:05:21.845
And this is mainly driven by the federal tax credits,

00:05:22.255 --> 00:05:25.045
state mandates, and the technology advancement.

00:05:25.265 --> 00:05:29.485
And those advancement have reduced the cost dramatically,

00:05:29.785 --> 00:05:31.325
uh, over the recent years.

00:05:31.625 --> 00:05:33.885
Uh, as you know, there's no fuel costs, uh,

00:05:33.905 --> 00:05:35.405
to produce, uh, solar power.

00:05:35.405 --> 00:05:37.845
There's no carbon cost and the

00:05:37.845 --> 00:05:39.765
after built is very cheap to maintain.

00:05:40.145 --> 00:05:44.085
So, uh, that's economics have never, never been better.

00:05:45.615 --> 00:05:46.945
Alright, everyone, uh, Dr.

00:05:47.385 --> 00:05:49.425
Again from Solar Bank, the shares, by the way,

00:05:49.425 --> 00:05:51.145
they trade under this, so ticker symbol,

00:05:51.505 --> 00:05:53.345
SUUN here in the United States.

00:05:53.885 --> 00:05:55.665
Uh, and you're coming off your lows from December.

00:05:55.685 --> 00:05:58.325
You had a, I think an 80% year to date run

00:05:58.325 --> 00:05:59.805
to the, to the, to the upside.

00:05:59.805 --> 00:06:02.205
So I think, I think the markets are saying a lot of

00:06:02.205 --> 00:06:03.565
what you have to say, uh,

00:06:03.625 --> 00:06:05.125
and they're putting their money where their mouth is.

00:06:05.125 --> 00:06:07.245
Doctor Ulu, thank you so much for joining us

00:06:07.245 --> 00:06:08.405
and we're gonna speak to you again

00:06:08.405 --> 00:06:10.805
because we need all this energy, especially

00:06:10.805 --> 00:06:12.285
with AI and Bitcoin mining.

00:06:12.305 --> 00:06:14.965
You are so right about the need for more energy.

00:06:14.965 --> 00:06:17.605
Thank you so much. Have a great week. Thank you, Jake.

Who Are SolarBank (NASDAQ: SUUN)?

Solarbank Corp. has emerged out of a clear market necessity for a wholesome, turnkey solutions provider in the clean and renewable energy industry. With an executive management team that has over 100 years of combined experience, coupled with a strongly defined financial vision, we have established ourselves as trusted developers, engineers, builder, asset operators, and managers in the clean and renewable energy space in Canada and the US.
With a focus on grid-connected solar photovoltaic electricity generation plants, our capabilities span the entire value chain from site origination, development, financing, EPC, O&M, and asset management. Our customers include commercial and industrial corporations, institutions, community solar subscribers, municipalities, and electric utilities.

Dr. Richard Lu, MD, MSc., MHSc., MBA

President & CEO, Director of SolarBank Corporation

Dr. Lu has more than 25 years of global energy experience developing and implementing growth strategies for organizations in North America, Europe and Asia. He leads a team of established and trusted developers, engineers, asset operators, and managers in the clean and renewable energy space in Canada and the US.
Grab your free copy of the latest report “Wealth Unleashed” & sign up to our e-letter.
All Your Information is Protected
Join the Eunice Community:
Eunice.io, 30 Wall Street, 8th Floor, New York City, NY 10005 | hello@eunice.io | Privacy Policy

Disclaimer: There are several risks associated with the development of the projects detailed in this report. The development of any project is subject to the continued availability of third-party financing arrangements for the project owners and the risks associated with the construction of a solar power project. There is no certainty the projects disclosed in this report will be completed on schedule or that they will operate in accordance with their design capacity. If the EPC agreements are terminated, then SolarBank will not realize the full contract value. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in future projects no longer being economic.
SolarBank is expanding into the data center industry but it does not currently have any data center projects under development or that it has secured rights to. SolarBank does not have any contracts with the parties mentioned in this report. It is in discussions with various other parties regarding potential data center opportunities and will provide details in a future report if an agreement to acquire or develop a data center is concluded. The development of any data center project is subject to identifying a suitable project site, receipt of required permits, entry into contracts for construction and the use of the data center, the availability of third-party financing arrangements for the Company and the risks associated with the construction of a data center.
---
You should read and understand this disclaimer in its entirety before joining the website or clicking any links from the publisher of this email (the “Publisher”). The information (collectively the “Advertisement”) disseminated by email, text or other method by the Publisher including this publication is a paid commercial advertisement and should not be relied upon for making an investment decision or any other purpose. The Publisher is engaged in the business of marketing and advertising the securities of publicly traded companies in exchange for compensation. The track record, gains, upside, and/or losses mentioned in the Advertisement, if any, should not be considered as true or accurate or be the basis for an investment. The Publisher does not verify the accuracy or completeness of any information included in the Advertisement.
The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities should always do so only with the assistance of his legal, tax and investment advisors. Investors should review with his or her investment advisor, tax advisor or attorney, if and to the extent available, any information concerning a potential investment at the web sites of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov; the Financial Industry Regulatory Authority (the “FINRA”) at www.FINRA.org, and relevant State Securities Administrator website and the OTC Markets website at www.otcmarkets.com. The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at www.sec.gov/consumer/cyberfr.html , as well as related information published by the FINRA on how to invest carefully. Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete.
The Publisher does not offer investment advice or analysis, and the Publisher further urges you to consult your own independent tax, business, financial and investment advisors concerning any investment you make in securities particularly those quoted on the OTC Markets. Investing in securities is highly speculative and carries an extremely high degree of risk. You could lose your entire investment if you invest in any company mentioned in the Advertisement. You acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser and we are not qualified to act as such. You acknowledge that you will consult with your own independent, tax, financial and/or legal advisers regarding any decisions as to any company mentioned here. We have not determined if the Advertisement is accurate, correct or truthful. The Advertisement is compiled from publicly available information, which includes, but is not limited to, no cost online research, magazines, newspapers, reports filed with the SEC or information furnished by way of press releases.
Owners and operators of the Publisher have been compensated up to $15,000 for the distribution of this advertisement. The Publisher and its owners and operators hold no stocks or bonds in companies discussed in the Advertisement.
By accepting the Advertisement, you agree and acknowledge that any hyperlinks to the website of (1) a client company, (2) the party issuing or preparing the information for the company, or (3) other information contained in the Advertisement is provided only for your reference and convenience. The advertiser is not responsible for the accuracy or reliability of these external sites, nor is it responsible for the content, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated report/release or any hyperlink, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on the Publisher, and we are not liable for any actions taken by you based on any information contained in any disseminated email or hyperlink.