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.
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Concentrating Solar Photovoltaic Power (CSPP) is one of the most efficient and cost effective forms of solar energy, with costs expected to be reduced to $2,50-$3.00 per watt in a few years. Flat plastic fresnel lens between the sun and a cell focus and concentrate the sunlight many times (up to 500 times) onto a small cell area thus reducing the cell area required to an amount approximately equal to the concentration ratio. The concentration decreases the required cell area while also increasing the cell efficiency. One supplier, Amonix, Inc. of Torrance, Calif. is using multijunction cells with an efficiency of about 38%. The main idea is to use very little of the expensive semiconducting PV material while collecting as much sunlight as possible.
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