By Mike Martin for E-Magazine
Turning sunlight into electricity is big business, with the market for photovoltaic technologies expected to grow a whopping 39.9% over the next five years, according to Georgina Benedetti, an energy analyst for Frost & Sullivan.
“Solar is predictable,” says Robert Wendt, a chief technology officer for solar company XsunX. “It’s adaptable. It’s compatible with other renewable sources such as wind. It allows installers to provide performance guarantees; it requires little maintenance; and it has no negative impact on the environment.”
And soon, solar may be cheap enough to compete with traditional power. Third-generation solar will “provide electricity on a massive scale, using low-cost raw materials,” predicts Stephen Squires, CEO of solar cell manufacturer Solterra Renewable Technologies, Inc. “A third-generation solar power plant will produce more megawatts per day than first- or second-generation solar plants can produce in a month,” he says.
Turning sunlight into electricity is big business, with the market for photovoltaic technologies expected to grow a whopping 39.9% over the next five years, according to Georgina Benedetti, an energy analyst for Frost & Sullivan.
“Solar is predictable,” says Robert Wendt, a chief technology officer for solar company XsunX. “It’s adaptable. It’s compatible with other renewable sources such as wind. It allows installers to provide performance guarantees; it requires little maintenance; and it has no negative impact on the environment.”
And soon, solar may be cheap enough to compete with traditional power. Third-generation solar will “provide electricity on a massive scale, using low-cost raw materials,” predicts Stephen Squires, CEO of solar cell manufacturer Solterra Renewable Technologies, Inc. “A third-generation solar power plant will produce more megawatts per day than first- or second-generation solar plants can produce in a month,” he says.
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