A new solar energy system from startup SUNRGI may soon make it possible to produce electricity at a wholesale cost of 5 cents per kWh (kilowatt hour).
April 29, 2008, Hollywood, CA — A new solar energy system from startup SUNRGI may soon make it possible to produce electricity at a wholesale cost of 5 cents per kWh (kilowatt hour). This price is competitive with the wholesale cost of producing electricity using fossil fuels and a fraction of the current cost of solar energy.
XCPV (Xtreme Concentrated Photovoltaics), a system that concentrates the equivalent of more than 1,600 times the sun’s energy onto the world’s most efficient solar cells, was announced today by SUNRGI, a solar energy system designer and developer, at the National Energy Marketers Association’s 11th Annual Global Energy Forum in Washington, DC. The technology will enable power companies, businesses, and residents to produce electricity from solar energy at a lower cost than ever before.
“Solar Power at 5 cents per kWh would be a world-changing breakthrough,” said Craig Goodman, president, National Energy Marketers Association. “It would make solar generation of electricity as affordable as generation from coal, natural gas or other non-renewable sources, without requiring a subsidy.”
“In a little more than a year we were able to develop and successfully test XCPV,” said Robert S (Bob) Block, co-founder and SUNRGI principal. “We expect the SUNRGI system to become available for both on and off-grid power appplications, worldwide, in twelve to fifteen months.”
What differentiates SUNRGI’s XCPV system from any other solar energy system includes: a propriety, integrated low profile technology for concentrating sunlight; a propriety technology and methodology for cooling solar cells; a low cost, modular system optimized for mass production; less land area or “roof top” requirements than typical solar energy systems; a technology roadmap for continuous improvement; low-cost field installation; and, a custom-designed system for easy operation and maintenance.
For more information, visit www.sunrgi.com.
This article originally appeared on the Laser Focus World web site.