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    0 starsSigalon | Shared With: Everyone - Jul 10 2008 | solar, technology

    By focusing on a smaller area and device, Covalent Solar will be able to improve power conversion efficiency by 30% over the industry average. This reduces the installed cost per watt by 20% in 2014, and reduces the amortized cost of electricity to $0.12/kWh, hastening the onset of unsubsidized solar electricity competitive with the grid. Since the Organic Solar Concentrators come in sheets of transparent material, they can easily be fitted over current solar panels to increase extraction and efficiency of those devices. This breaks down an barrier to entry while enabling those with older technology to easily upgrade and improve return on investment.

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