Energy Focus, Inc. (Nasdaq: EFOI - News), formerly Fiberstars, Inc. (Nasdaq: FBST - News), a global leader in energy efficient lighting, today announced the breakthrough milestone of a 42.8% efficiency solar cell achieved by the Very High Efficiency Solar Consortium (VHESC), part of the R&D work Energy Focus has been involved with through a DARPA contract.
This is pretty impressive; about 3 times current panel efficiency. It's still a ways from commercialization, but if they can get efficiency up this much, the payback period for a solar panel would be about 3 years versus the current 15 years. That would make solar very competitive with other, more traditional forms of power generation.
I beleive that technology will take care of our energy problems eventually. The pessimists who think we will run out of oil are not taking into account the innovation of man.
No comments:
Post a Comment