From the billions of dollars being injected into the Californian economy to the hundreds of thousands now employed in the solar industry, it is becoming more and more obvious to major companies and investors that the renewable sector is rapidly turning into quite a profitable business. [...]
One of the biggest hitters in the sector is the ever-present Elon Musk, who pioneered the development of household battery storage devices by launching the Tesla Powerwall. Bringing the ability to store solar energy at home to the mainstream was a significant step forward, and one that has already inspired other companies to produce their own versions, from the Japanese car-maker Nissan to the Swedish furniture shop Ikea.
But one major issue is simply the cost. For a long time, the price of renewables suppressed the market, limiting its spread. But now things are changing, and a new company is hoping to radically alter the industry. A novel technique developed by the California-based solar manufacturing company Rayton Solar might be able to cut the cost of production by a stonking 60 percent while increasing efficiency of solar panels to 24 percent.
No comments:
Post a Comment