![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by Staff Writers Boulder, CO (SPX) Jan 26, 2018
Rocky Mountain Institute and 35 solar energy industry leaders committed to develop an ultra-low-cost solar product able to operate in a variety of environments at fully installed costs as low as $0.50/Wp. Participants at the Rocky Mountain Institute-hosted event, representing at least 15 gigawatts of solar capacity-equivalent to the capacity of 25 average-sized coal plants-identified an opportunity to reduce costs by $0.20/Wp in 2018 alone. Reducing costs at this scale would mitigate the effect of newly applied trade restrictions on solar components, keeping the solar energy industry on a maintained cost-reduction pathway. The four-day workshop saw over 35 leading companies applying best practices in system design, supply chain, business model, finance, and market structures to the debate. Members identified a pathway to create a modular, pre-engineered and pre-assembled solar product of standardized design targeting a fully installed cost of cents 50/W and lower costs by as much as $0.20/Wp (dollars in watt peak) in 2018 alone, corresponding to about an 8%-percent reduction in the average national price of residential electricity. In the last five years, the solar industry has realized year-over-year growth rates of 21%, attracted more than $100 billion in investment, and now employs more than 260,000 people in the U.S. as one of its fastest-growing energy sectors. Yet for solar to reach its full potential as a foundational, carbon-free energy source in the U.S. and around the world, it must compete without subsidy in wholesale markets. "In addition to the benefit of a step-change in cost reduction, a more standard offering would be particularly effective in opening up new market segments of smaller installations, where the cost of project-by-project customization has diminishing returns," said Thomas Koch Blank, Principal, Rocky Mountain Institute Community-scale solar (CSS), also referred to as distribution-scale solar-installations of 1-10 MWp, cited close to load and connected to the distribution grid rather than the transmission grid-is emerging as a "sweet spot" for the build-out of solar energy development. In addition to low-cost electricity, CSS provides distributed benefits such as avoided transmission costs, reduced peak energy charges, potentially avoided capital expenditure for grid upgrades, ancillary services, and increased resilience. Increased pre-assembly is going to have the ability to create jobs in the manufacturing sector and supply chain sector. Being able to communicate this as an integrated product offering, assembled in the U.S., that messaging is going to be important. There's not enough emphasis on solar jobs being transferable skills for those being impacted by coal plant shutdowns. Many of these jobs have transferable skills that people can slide into pretty easily. "By taking a whole-systems approach that leverages standardization to enable preassembly and pre-engineering, the roadmap to delivering a low-cost, easy-to-understand product offering is clear. Furthermore, regional preassembly of solar equipment and components, which get trucked to local sites for efficient installation, creates new jobs and community investment," said Jules Kortenhorst, CEO, Rocky Mountain Institute Even as policy change results in immediate-term headwinds, all signs point to clean, abundant solar power increasingly becoming the energy source of choice for individuals, communities, and businesses across the globe. It is in all Americans' interest to invest in the successful future of this domestic high-growth industry with significant potential to raise overall productivity, drive economic growth and create jobs. We are individually and collectively committed to accelerating the delivery of solar energy's many benefits to the American people.
![]() ![]() Pathway opens to minimize waste in solar energy capture Sydney, Australia (SPX) Jan 26, 2018 Researchers at the ARC Centre of Excellence in Exciton Science have made an important discovery with significant implications for the future of solar cell material design. The team, led by Professor Timothy Schmidt at UNSW, has been looking at ways to capture the energy of visible light that is currently wasted due to the limitations of silicon, which is only able to access approximately 25% of the solar spectrum. To illustrate, silicon on its own is only able to use of about half the energy of gr ... read more
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |