The solar market continues to be in its infancy. New some ideas, inventions, and advancement would be the principle as opposed to the exception. With that said, a fantastic new solar power technology has recently been introduced. The brand new technology isn’t in regards to a new mousetrap, but rather, an innovative process to produce those mousetraps cheaper and more efficiently. In this article, we will discover the organization and people in charge of the new idea. We will also examine the technique and the overall affect to the solar and alternative energy sector.
The organization is 1366 Technologies- That NRG Innovations little start-up was created in 2008 and is located in Lexington, Massachusetts. The co-founders are Emmanuel Sachs and Joe vehicle Mierlo. Emmanuel Sachs is a former MIT professor and includes a extended record of impressive ideas. He’s the designer of the line lace photovoltaic process that was commercialized by Evergreen Solar. Sachs can be attributed to be a co-inventor of the 3-D printing method that may build items from a pc model. Emmanuel Sachs is the Primary Engineering Official and Frank van Mierlo is the current CEO. Former Division of Power Assistant Stephen Chu statements that 1366 Technologies is one of many accomplishment experiences of the Federal renewable power plan referred to as ARPA-E. Next, we are going to discover the technology that the company has developed.
1366 Systems recently exposed a 25 megawatt exhibition place in Bedford, Mass. to production photovoltaic cells. The company claims to truly have a better method for the production of PV cells. The existing industry standard would be to cut the wafers from a large block of silicon material. This effects in the wastage of 50 percent of the material. 1366 Systems intends to throw the multicrystalline wafers having an automatic process. A standard of about 17 percent effectiveness can stay the same, but the brand new method will result in a 50 to 65 % manufacturing cost-savings. This may enable them to cut costs by an innovative manufacturing method as opposed to an increase in power effiencies. Now we will study their funding options and partnerships.
The business has options to scale-up their 25 megawatt plant to a 1 gigawatt facility. To date, the business has raised 46 million in funding from numerous venture capital groups. These include North Link Venture Lovers, Polaris Venture Partners, and others. Funding partners also contain NRG Energy and Hanhwa Solar. They’ve also secured a Office of Power loan for 100 million. The estimated price of the 1 gigawatt seed is 200 million. The organization seemingly have arranged acceptable financial help for their endeavor. Inside our conclusion, we will discuss the probable impact to the solar industry out of this new process.
1366 Systems isn’t an economic accomplishment yet. They should solve any problems connected for their new manufacturing processes. They will also need to show they could actually deliver a lower-cost and similarly effective product. Opposition is intense in the solar sector and there’s currently excess manufacturing capacity. This has depressed costs for PV cells and could make it more hard for 1366 Technologies to provide on the promise. Nevertheless, the solar energy engineering is interesting, and a brand new and modern idea.
Find out about the new discoveries that are occurring day-to-day in the solar industry. Find more about new solar power technology at my Sustainable Power Advantage website. You are able to learn about other renewable energy resources too. Press the links above to check out the span of sustainable energy.