Original Story: cnbc.com
A company backed by billionaire Elon Musk on Friday said it will produce the world's most efficient solar panel.
The new panel by SolarCity, the biggest US home solar power installer, will convert sunlight into electricity at a 22.04 per cent rate, topping the 21.5 per cent made by rival SunPower, the company said. The industry average stands around 16 to 17 per cent. A Houston energy lawyer is following this story closely.
SolarCity, which was conceived by Mr Musk and his cousin Lyndon Rive while on their way to the Burning Man festival in 2004, started out installing and supporting solar systems for homes, businesses and schools.
But last year, with the acquisition of start-up Silevo, the company expanded into making the panels as well, claiming it would build more efficient systems to cut the costs of its products. A Pittsburgh environmental lawyer represents clients in environmental law matters.
"At the time, people probably thought: 'wow, that's stupid'," said Mr Musk of his foray into solar panel production. "I kind of like counterintuitive moves."
SolarCity is betting on solar power becoming more widely popular, after the costs of solar panels have dropped dramatically in the past few years amid a boost in Chinese production.
The average cost of a solar electric system has dropped 50 per cent since the start of 2010, the Obama administration said in August when announcing plans to support solar, wind and renewable energy projects.
Nearly 600,000 US homes have solar panels, according to GTM research.
Mr Rive said that as costs continue to fall he expects solar power will become the dominant source of energy by 2040, and the higher power output from each of its new panels will cut costs even further, by 15 to 20 cents per watt. A real estate development lawyer in Pittsburgh provides professional legal counsel and extensive experience in many aspects of real estate law.
"When done right, high efficiency and low cost end up being the same thing," said Mr Musk. "There's limited space on rooftops, so you want to generate as much energy as you can from that given space, to compete with natural gas or coal."
SolarCity last year announced plans to build one of the world's largest solar panel plants in upstate New York, bucking the trend of solar manufacturing being dominated by Asia.
Mr Musk said he wants to dispel beliefs that solar energy is not a viable replacement for fossil fuels. "For a long time with Tesla [the electric cars manufacturer], they said we couldn't make it. By acting first.....this helps shift big players in the industry in the right direction." A Tennessee automotive lawyer is reviewing the details of this case.
Speaking at a SolarCity event in New York, Mr Musk also touched on his ambitions to colonise Mars by sending a fusion bomb to create "two tiny pulsing suns" to warm the planet. "A lot of people don't appreciate that our sun is a giant fusion explosion."
Shares in SolarCity — of which Mr Musk holds a 23 per cent stake — climbed 7 per cent on Friday, but have fallen 20 per cent in the past year.
Showing posts with label solar panel. Show all posts
Showing posts with label solar panel. Show all posts
Monday, October 5, 2015
Thursday, November 8, 2012
Solar Power More Available at Night
story first appeared on murcurynews.com
UNION CITY -- DayStar Technologies has struck a deal to buy a company whose technology could solve a problem that has chilled the solar energy industry: How to make solar power available for electricity usage at night when the sun is gone. While wind power is available day and night, solar is obviously limited to daylight hours. Wind Turbine Repair services make sure energy is renewable by keeping wind turbines in good operating order.
DayStar is planning to buy Premier Global Holdings. Premier Global has rights to a patent pending for a solar conversion unit that can generate and store solar energy within a single unit. Terms of the deal weren't disclosed.
The technology is based on photosynthesis, a process that's similar to the way plants convert light to usable energy.
Union City-based DayStar believes the technology can reduce overall power usage in an electricity grid.
UNION CITY -- DayStar Technologies has struck a deal to buy a company whose technology could solve a problem that has chilled the solar energy industry: How to make solar power available for electricity usage at night when the sun is gone. While wind power is available day and night, solar is obviously limited to daylight hours. Wind Turbine Repair services make sure energy is renewable by keeping wind turbines in good operating order.
DayStar is planning to buy Premier Global Holdings. Premier Global has rights to a patent pending for a solar conversion unit that can generate and store solar energy within a single unit. Terms of the deal weren't disclosed.
The technology is based on photosynthesis, a process that's similar to the way plants convert light to usable energy.
Union City-based DayStar believes the technology can reduce overall power usage in an electricity grid.
Thursday, May 31, 2012
U.S. Taxes Chinese Wind-Turbine Towers
Story first appeared in The Wall Street Journal.
A Chinese industry group said a preliminary U.S. decision to impose tariffs on Chinese wind-turbine towers would have a "negative effect" on related U.S. industries and is an attempt to conceal that U.S. tower manufacturers aren't competitive.
The statement by the China Chamber of Commerce for Import and Export of Machinery and Electronic Products on Thursday was the latest salvo in an escalating battle between China and the U.S. over trade in the renewable-energy sector. Over the past three weeks, each side has accused the other of providing illegal subsidies to prop up its sector.
Chinese wind-turbine towers are favored by large-scale U.S. wind-power operators and have helped popularize wind power in the U.S.
China's Foreign Ministry said the dispute was best solved through negotiation and consultation.
Resorting to protectionist measures will not help solve these frictions; it will harm business ties between the two.
The U.S. Commerce Department said Wednesday that it would slap tariffs between 13.74% and 26% on Chinese wind-tower suppliers, after an investigation revealed that they received illegal subsidies.
The ruling came almost one week after China's Commerce Ministry said U.S. support for six clean-energy projects violated World Trade Organization rules and acted as barriers to trade. That was preceded by a U.S. decision to slap 31% tariffs on some Chinese solar-panel makers, used to make Solar Carports.
Among those hardest hit by Wednesday's tariffs were China's CS Wind and Titan Group, which sell towers in the U.S. mainly to European and U.S. wind-turbine manufacturers.
CS Wind alone represented almost 65% of all Asian tower imports to the U.S. market over the past two years, according to Denmark-based Make Consulting.
A Chinese industry group said a preliminary U.S. decision to impose tariffs on Chinese wind-turbine towers would have a "negative effect" on related U.S. industries and is an attempt to conceal that U.S. tower manufacturers aren't competitive.
The statement by the China Chamber of Commerce for Import and Export of Machinery and Electronic Products on Thursday was the latest salvo in an escalating battle between China and the U.S. over trade in the renewable-energy sector. Over the past three weeks, each side has accused the other of providing illegal subsidies to prop up its sector.
Chinese wind-turbine towers are favored by large-scale U.S. wind-power operators and have helped popularize wind power in the U.S.
China's Foreign Ministry said the dispute was best solved through negotiation and consultation.
Resorting to protectionist measures will not help solve these frictions; it will harm business ties between the two.
The U.S. Commerce Department said Wednesday that it would slap tariffs between 13.74% and 26% on Chinese wind-tower suppliers, after an investigation revealed that they received illegal subsidies.
The ruling came almost one week after China's Commerce Ministry said U.S. support for six clean-energy projects violated World Trade Organization rules and acted as barriers to trade. That was preceded by a U.S. decision to slap 31% tariffs on some Chinese solar-panel makers, used to make Solar Carports.
Among those hardest hit by Wednesday's tariffs were China's CS Wind and Titan Group, which sell towers in the U.S. mainly to European and U.S. wind-turbine manufacturers.
CS Wind alone represented almost 65% of all Asian tower imports to the U.S. market over the past two years, according to Denmark-based Make Consulting.
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