Stanford Strives for 50 Cents Per Watt PV Modules

stanford logo 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.

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