The solar industry remains in their infancy. New a few ideas, inventions, and creativity would be the principle as opposed to the exception. With that being said, a thrilling new solar power engineering has been introduced. The newest technology is not in regards to a new mousetrap, but instead, an impressive method to create these mousetraps cheaper and more efficiently. In this article, we will discover the company and persons in charge of the newest idea. We will even examine the strategy and the overall affect to the solar and renewable energy sector.
The company is 1366 Technologies- That NRG Steering Wheels little start-up was launched in 2008 and is situated in Lexington, Massachusetts. The co-founders are Emmanuel Sachs and Joe van Mierlo. Emmanuel Sachs is really a former MIT professor and includes a long record of innovative ideas. He’s the inventor of the sequence bow photovoltaic process that was commercialized by Evergreen Solar. Sachs can also be paid to be a co-inventor of the 3-D printing method that could build things from a pc model. Emmanuel Sachs is the Key Engineering Specialist and Frank van Mierlo is today’s CEO. Former Office of Energy Secretary Stephen Chu states that 1366 Systems is among the success experiences of the Federal renewable power plan known as ARPA-E. Next, we are likely to examine the technology that the business has developed.
1366 Systems lately exposed a 25 megawatt exhibition place in Bedford, Mass. to manufacture photovoltaic cells. The organization claims to really have a greater process for the manufacturing of PV cells. The existing business standard is always to cut the wafers from a large block of silicone material. This benefits in the wastage of 50 per cent of the material. 1366 Technologies plans to cast the multicrystalline wafers by having an automated process. A typical of about 17 per cent effectiveness can stay the same, but the brand new process will result in a 50 to 65 percent production cost-savings. This will enable them to reduce expenses by an modern manufacturing process as opposed to a growth in power effiencies. Now we shall study their funding options and partnerships.
The company has programs to scale-up their 25 megawatt plant to a 1 gigawatt facility. Up to now, the business has elevated 46 million in funding from numerous venture money groups. These generally include North Link Opportunity Partners, Polaris Opportunity Lovers, and others. Funding associates also include NRG Power and Hanhwa Solar. They’ve also guaranteed a Department of Energy loan for 100 million. The estimated cost of the 1 gigawatt plant is 200 million. The company appears to have organized suitable financial help for their endeavor. Inside our conclusion, we shall discuss the possible influence to the solar business using this new process.
1366 Technologies isn’t a financial accomplishment yet. They should solve any problems connected with their new manufacturing processes. They’ll also need to show they are able to actually produce a lower-cost and similarly efficient product. Opposition is brutal in the solar field and there is presently surplus production capacity. This has frustrated costs for PV cells and could make it more burdensome for 1366 Systems to provide on their promise. However, the solar energy technology is exciting, and a new and revolutionary idea.
Find out about the new discoveries which are occurring day-to-day in the solar industry. Learn more about new solar power technology at my Sustainable Power Advantage website. You are able to learn about different alternative energy options too. Press the links above to read the course of sustainable energy.