Nanosolar Is Gunning For Coal
Wednesday, December 19th, 2007Renewable energy technologies will never get off the ground until they become cheaper than fossil fuels. Today, Nanosolar CEO Martin Roscheisen says his startup took a step in that direction by shipping its first thin-film solar panel after five years of development. In a blog post, Roscheisen claims his company has produced “the world’s lowest-cost solar panel – which we believe will make us the first solar manufacturer capable of profitably selling solar panels at as little as $.99/Watt.” That would put energy systems made with Nanosolar panels within striking range of the price of coal, which is around $2.10 per watt for new coal plants. The way Nanosolar is lowering its cost is through a new manufacturing process. Instead of making solar panels out of silicon in $3 billion chip factories, it has developed a thin-film process that is more like roll-to-roll printing.
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