The Economics of Efficency
Solar demand continues to skyrocket around the world and have today become a $100 billion market. Approximately 37 gigawatts worth of solar modules were installed worldwide in 2013. By 2016, the figure will rise by approximately 60 percent to 58 gigawatts, according to Greentech Media. The sun is also an infinite resource. The potential for solar energy is more than 200 times the total of all other sources of energy combined: solar is the only long-term solution.
Today approximately 1 percent of the global electricity production is generated with PV. SolFilm™ changes the profit margin for solar developers by dramatically raising performance at a minimal cost. Increasing module efficiency leads directly to increased electrical output for utility-scale power plants, commercial arrays and rooftop residential solar. More power, but the same number of panels and approximately the same BOS costs.
We have also built our business model to streamline manufacturing and adoption. Sol Voltaics will not sell capital equipment or wafers. We will produce SolFilm™ and then sell it to manufacturers. A single SolFilm™ facility will produce megawatts of capacity for a global industry.
Other benefits include:
• An opportunity for manufacturers to produce and sell higher-margin, higher-performance products. A crystalline silicon panel with a 16 percent efficiency rating can be transformed into a module beyond todays limits at 23 percent efficiency rating.
• Better amortization of manufacturing assets. By adding SolFilm™, the cumulative annual output in terms of watts will increase.
• A streamlined, additive process. SolFilm™ is integrated into solar panels after the primary panel has been produced.
• A lower levelized cost of energy. We anticipate that the LCOE of power plants built with SolFilm™-enhanced panels will come down to levels competitive with fossil fuels.
• A more rapid return on investment for solar developers. Higher efficiency will translate directly to greater power output and more revenue from effectively the same power plant.
• Aesthetics. SolFilm™ gives solar modules a uniform, black surface, appealing to homeowners and commercial property owners.
The Aerotaxy® platform can be employed to produce materials for a number of applications and markets. Separating the production of nanomaterials from products that can be enhanced by nanomaterials fundamentally changes the economics of nanotechnology. Aerotaxy® also makes it possible to integrate nanomaterials into the world’s existing manufacturing infrastructure. Sol Voltaics collaborates with the Nanometer Construction Consortium at Lund University on nanomaterial production and integration.