Solar Power Goes to Extremes for 5 Cents per kWh
Xtreme Concentrated Solar Power: if a magnifying glass is like lightning to ants, this would be their atomic bomb.
We already know that concentrated solar power (CSP) is shaking things up in the solar industry. A subset within the industry is turning up the heat. “Extreme” Concentrated solar magnifies intense sunlight onto a solar cell, at temperatures that could melt it, to boost efficiency for less money.
The holy grail of renewable energy is not just efficiency but competitive pricing. Most consumers don’t want to wait 5-10+ years to earn back their investment in energy savings, assuming that they can afford solar. Never mind the added value of generating some of your own energy. Utility-scale facilities hinge not only on cost, but infrastructure. If you build your solar/wind farm in the desert, transmission lines may not come out to meet you. So when someone claims to have a cheap, efficient solar technology, people pay attention.
>> Want cheap solar? Join the most effective community solar purchasing program in the US.
Extreme Concentrated Solar stands out because it claims to be affordable and very efficient. Unlike solar-thermal (CSP), which utilizes the heat of the sun, this technology still converts light into power (photo voltaic). So many solar companies have attempted to reduce cost by rising to industrial scale, but this method takes the opposite approach. XCPV (extreme concentrated photo voltaic) uses very small solar panels combined into a module design, and modules are infinitely scalable.
Before you let your hopes dash to the wind (anotherfuturetechnology!?), let me set you at ease. Sunrgi hopes to bring their product to market in about a year, so we’re not talking about pipe dreams. These guys are serious, and they’re out to make some money at 5 cents/kwh. But fortunately for us all, this technology is not new, and Sunrgi is not the first to point a magnifying glass at a solar panel. The Aussies beat us to it.
The system comes to us from Green and Gold Energy of Adelaide, Australia, but before I provide the link, let me disclaim. Apparently, if you believe the word on the street, the website is the personal baby of GG&E’s founder. He’s very proud of his GG&E site. More important is the product: not only is GG&E producing XCVP modules around the world, but they’ve already signed a deal with Emcore, who will provide concentrated solar cells with 20 year warranties. Partner groups ES Systems in Korea just secured $28 millions dollars more worth of Emcore solar cells. More importantly, GG&E is building a manufacturing facility, and their product is already on the market.
So the exciting thing about Extreme Concentrated Photo Voltaics is the combination of high efficiency with low price. By magnifying the power of the sun, these companies are pushing the envelope at a time when energy prices are high. But these ventures are not without risk. Inadequate cooling of of the solar cells could result in decreased performance or melting. There’s also hurdles facing solar energy; the least of which is investing in manufacturing infrastructure, and transporting product. But the magic number here is 5 cents/ kwh. Mike Chino of Inhabitat.com notes:
“Craig Goodman, president of the National Energy marketers Association, has stated that “Solar power at 5 cents per kWh would be a world-changing breakthrough. It would make solar generation of electricity as affordable as generation from coal, natural gas, or other non-renewable sources, without require and subsidy.””
(edit: fixed some spelling and clarified the title)
Sign up for CleanTechnica's Weekly Substack for Zach and Scott's in-depth analyses and high level summaries, sign up for our daily newsletter, and follow us on Google News!
Sign up for our daily newsletter for 15 new cleantech stories a day. Or sign up for our weekly one on top stories of the week if daily is too frequent.
CleanTechnica uses affiliate links. See our policy here.
CleanTechnica's Comment Policy