Solar photovoltaics (PV) was once a marginal and exotic technology, used mainly for space applications or in remote areas. In the last several years it has become a key technology for generating distributed power in the urban environment, and it has great prospect of cost break-even, with costs reaching the level of those for conventional grid power for residential consumers within a couple of decades. The PV industry generated $38.5 billion in global revenues in 2009. Looking forward, the industry will enjoy high growth over the next 5 years. Even in the slowest growth scenario, the global market is expected to be 2.5 times its current size by 2014. (Solarbuzz)
Within a few years, silicon will lose its lead in the PV market and thin-film technologies will dominate.
Relative percentage of crystalline silicon vs. thin-films in the PV market (from SolarThinFilms website):
The market needs a PV solution that eventually will provide electricity at the same cost as that from traditional fossil fuels. The current price of electricity produced from PV technologies is 2 – 3 times higher.
There is a growing need for PV's made from non-exotics materials and simple processes, such as organic materials, polymers etc.
Burning Solar is leading this approach and therefore expects to capture a large market share. Burning Solar enables reduction of cost in all aspects of module production.
Present day projections assume that solar will not become significant in the global energy mix until after 2020.
Burning Solar’s offers high efficiency technology and the opportunity to bring forward the day when solar will be a significant energy source and will lead this shift.
Solar is predicted to become a significant world energy source after 2020.
Burning Solar offers the technology which will make this happen sooner.
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