Stanford Strives for 50 Cents Per Watt PV Modules
As part of the new SunShot Initiative, seeking to reduce the cost of solar power 75 percent by the decade’s end, the U.S. Department of Energy awarded $25 millionto SVTC Technologies and $25 million to the Bay Area PV Consortium, aproject managed by Stanford University and UC Berkeley. The program istargeting an installed cost of $1 per watt, which corresponds to roughly 6 cents per kilowatt-hour.
The consortium will use the funding to develop materials andmanufacturing processes that can drive down the cost of producingphotovoltaic modules. Meanwhile, SVTC, a spin-off from CypressSemiconductor, will create a facility that will perform pilot production services for solar startup companies.
Greentech Media is an integrated online media company designed to deliver the highest-quality content in the industry, whether it is research, news or critical networking events. Greentech Media is headquartered in Cambridge, Mass., with operations in New York City, San Francisco and Munich.
Search 26k+ Solar Articles
- Australian Scientists Printing Solar Cells Down Under
- Why are Auto Dealers Hating on Tesla?
- Ernie Moniz To Lead the U.S. DOE
- Glass and Green Building
- How China Will Transform The Energy Industry
- New Project Will Forecast Solar Generation
- In Focus: The Potential of Los Angeles Solar
- Tesla Reports Profit, Stock SKYROCKETS
- SolarCity Raises $500M
- Graphene That Redefines Electric Current
- NextEra Gobbles Up Smart Energy Capital
- Oil Prices and Renewable Energy