MIT spin-off plans to manufacture cheap, efficient solar cells
by Lisa Zyga/ March 27, 2008
Source: PhysOrg.com
http://www.physorg.com/news125842769.html
In the new solar cell design by MIT researchers more light can be captured increasing efficiency and decreasing cost per watt. Researchers from MIT have improved commercial solar cells that will soon be significantly cheaper and more efficient than those available today. Ely Sachs, a professor of mechanical engineering at MIT, predicts that by 2012 such solar cells will be comparable in price with coal, which is about $1 per watt.
Sachs and his colleagues have started a company called 1366 Technologies. With the help of a recent $12.4 million grant, the team is building a pilot-scale manufacturing plant to fabricate their first batch of solar cells. The cells currently have an efficiency of 19.5%, and cost about $1.65 per watt. That´s a 27% improvement in efficiency over similar commercial solar cells of today, which have about 15% efficiency and cost about $2.10 per watt.
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