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Solar thermal company eSolar said on Monday it closed $130 million in funding from Google Inc's philanthropy arm and other investors.
The funds will be used to build and deploy solar thermal power plants to supply utilities with clean, renewable power, the company said in a statement. It plans to have a fully operational plant in Southern California later this year.
Google, And Others, Invests $130Million In ESolar [reuters.com]
joined:Dec 29, 2003
It just seems prices keep going UP UP UP for panels.
You refer to the photovoltaic array technology which IMO is still too inefficient for large scale prime time deployment and that's why the cost is so high because it's still "boutique" technology not embraced by the masses. If you see panels on every rooftop, prices would go down as mass production creates economy of scale, just like it did for computers.
What eSolar does is heliostat technology which is solar thermal technology, totally different beast and least likely to become outmoded.
Besides, it makes sense for Google to invest in alternative power sources because Google doesn't exist if the power grid runs out of fuel.
No electricity, no internet, no Google.
How's that for self-serving philanthropy? ;)
Basically, Nanosolar is able to print solar panels on machines that resemble printing presses. The company, whose backers include Google’s co-founders, say it is producing the world’s lowest-cost solar panel, costing as little as 99 cents per watt.
I'm thinking it'll be a combo of the 2 technologies that makes it expensive, affordable, and boosts the performance.
Anyone got any of this on the cheap?