BioSolar Named a Leader for Its Use of Biomass-based Material Components in Solar Modules
Company Poised to Address a Market Opportunity for Its Innovative BioBacksheetTM Product
Santa Clarita, CA, December 22, 2008
Source: BioSolar Inc, press release
http://www.biosolar.com/view_news.php?id=41&PHPSESSID=c1d6b530faada0ae10cf49d3f6298402
BioSolar, Inc. “is ushering in the inherent benefits of biomass by leading a pioneering effort to reduce the costs of solar modules by replacing petroleum-based solar panel components with durable biomass-based materials,” according to a web exclusive article posted December 10, 2008 on the website of BioMass Magazine. The article features BioSolar’s BioBacksheetTM, a protective covering for photovoltaic solar cells made from renewable plant sources, rather than the expensive petroleum-based film currently in use. This protective covering is needed in virtually all solar panels.
Expected to cost less than traditional petroleum-based backsheets, BioSolar’s CEO Dr. David Lee explained to BioMass readers, “Target pricing and the cost reduction was based on the old pricing of petroleum…Even if the petroleum price goes down further I think our cost will be substantially less than what it would be for the cost of petroleum-based components.”
In addition, BioSolar’s technology will reduce the final cost per watt of solar electricity by allowing manufacturers to lower the cost of their finished product without being impacted by the unstable cost of petroleum. “The use of petroleum materials in the manufacturing process of green energy presents a fundamental contradiction,” said Dr. Lee. “BioSolar is poised for a period of unprecedented growth. We expect interest in solar power, and our proprietary processes, to continue to increase.”
Even with a challenging global economy, industry experts agree that PV technology will remain strong as the industry prepares to meet consumer and commercial demand for alternative-energy technologies. Market-research firm Gartner Inc. reports growth from 17 PW (petawatt) hours in 2005 to a forecast 21 PW hours in 2010 and as many as 33 PW hours in 2030. Deutsche Bank is predicting a growth rate of 20 percent for the global solar industry in 2009.
About BioSolar, Inc.
BioSolar, Inc. has developed a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce cost. BioSolar is the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell components with durable bio-based materials. To learn more about BioSolar, please visit our website at http://www.biosolar.com.