Using SUNRGI's propriety technology it is possible to produce large amounts of electricity from solar radiation at a wholesale price of US $0.05 / kWh is the lead headline on SUNGRI's website. The system is called Xtreme Concentrated Photovoltaics ™ or XCPV™.
XCPV efficiently concentrates sunlight so than it is more that 1,600 times brighter than the sun. This concentrated sunlight is focused onto triple-junction solar cells photovoltaic (PV) solar cells that convert more than 37% of the sunlight directly into electricity. The technology will enable power companies, businesses, and residents to produce electricity from solar energy at a lower cost than ever before was announced recently by SUNRGI at the National Energy Marketers Association's 11th Annual Global Energy Forum.
"Solar Power at 5 cents per kWh would be a world-changing breakthrough. It would make solar generation of electricity as affordable as generation from coal, natural gas or other non-renewable sources, without requiring a subsidy"
-- Craig Goodman, president, National Energy Marketers Association
"In a little more than a year we were able to develop and successfully test XCPV. We expect the SUNRGI system to become available for both on and off-grid power applications, worldwide, in twelve to fifteen months"
-- Robert S (Bob) Block, co-founder and SUNRGI principal.