The solar industry continues to be in their infancy. New a few ideas, inventions, and creativity will be the rule rather than the exception. With however, an exciting new solar power technology has recently been introduced. The brand new technology is not of a new mousetrap, but rather, an modern method to make these mousetraps cheaper and more efficiently. In this short article, we shall examine the company and people accountable for the new idea. We will even examine the process and the overall affect to the solar and renewable energy sector.
The business is 1366 Technologies- That NRG Steering Wheels small start-up was launched in 2008 and is found in Lexington, Massachusetts. The co-founders are Emmanuel Sachs and Frank vehicle Mierlo. Emmanuel Sachs is just a former MIT professor and includes a extended history of innovative ideas. He is the founder of the line lace photovoltaic process that has been commercialized by Evergreen Solar. Sachs can also be credited as being a co-inventor of the 3-D making method that will develop things from a pc model. Emmanuel Sachs is currently the Chief Technology Officer and Frank van Mierlo is the present CEO. Former Team of Energy Assistant Stephen Chu states that 1366 Systems is one of many achievement reports of the Federal renewable energy program known as ARPA-E. Next, we are likely to examine the technology that the organization has developed.
1366 Technologies lately opened a 25 megawatt exhibition seed in Bedford, Mass. to produce photovoltaic cells. The company claims to have a greater method for the manufacturing of PV cells. The present market typical is always to slice the wafers from a big stop of silicon material. That results in the wastage of 50 % of the material. 1366 Technologies plans to cast the multicrystalline wafers having an automatic process. The industry normal around 17 per cent efficiency may remain exactly the same, but the new method will result in a 50 to 65 % manufacturing cost-savings. This may allow them to cut costs by an impressive manufacturing process rather than a rise in energy effiencies. Today we shall examine their funding sources and partnerships.
The business has plans to scale-up their 25 megawatt seed to a 1 gigawatt facility. So far, the business has elevated 46 million in funding from different opportunity money groups. These include North Bridge Venture Partners, Polaris Venture Partners, and others. Funding lovers also include NRG Energy and Hanhwa Solar. They have also guaranteed a Office of Power loan for 100 million. The estimated cost of the 1 gigawatt place is 200 million. The company appears to have arranged acceptable economic help because of their endeavor. Within our conclusion, we will examine the possible impact to the solar business using this new process.
1366 Technologies isn’t an economic accomplishment yet. They should resolve any problems connected to their new production processes. They’ll also need certainly to show they could actually deliver a lower-cost and similarly successful product. Opposition is brutal in the solar field and there’s currently excess production capacity. This has frustrated costs for PV cells and will make it more burdensome for 1366 Systems to deliver on the promise. But, the solar power engineering is interesting, and a brand new and innovative idea.
Learn more about the new discoveries that are happening daily in the solar industry. Learn more about new solar power technology at my Sustainable Energy Gain website. You can find out about other green energy options too. Press the links over to read the length of sustainable energy.