Tuesday, October 19, 2010

Cheaper Solar Power on the way

A company that secured a Department of Energy grant to pursue a breakthrough idea in the manufacture of solar cells plans to announce on Tuesday that it has raised $20 million to commercialize its technique, which it says will reduce the price of solar panels by 40 percent.

1366 Technologies of Lexington, Mass., has found a simpler way to produce the basic building block of solar cells: silicon wafers. It uses molten silicon to cast the wafers in their final form, six inches on one side and 200 microns thick, or about eight-thousandths of an inch.

That significant cost savings should translate into a cost competitive price per KWh. Hopefully we're on the way to making Solar the obvious choice to replace old coal power plants.

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