Sungri, California based solar panel company has announced the development of a new concentrated photovoltaic panel that should revolutionize the solar energy industry. The XCPV system (Xtreme Concentrated Photovoltaics) is designed to provide whole electricity cost at the rate of 5 cents per kilowatt hour. The system uses a lens to focus sunlight onto the photovoltaic panel to for greater output. The panels are also designed to not depend on silicon for their construction further reducing the cost per kwh.
The company announced the development of the new panels at “The National Energy marketers Association’s 11th Annual global Energy Forum” in Washington D.C.
“Solar Power at 5 cents per kWh would be a world-changing breakthrough,” said Craig Goodman, president, National Energy Marketers Association. “It would make solar generation of electricity as affordable as generation from coal, natural gas or other non-renewable sources, without requiring a subsidy”
“In a little more than a year we were able to develop and successfully test XCPV,” said Robert S (Bob) Block, co-founder and SUNRGI principal. “We expect the SUNRGI system to become available for both on and off-grid power applications, worldwide, in twelve to fifteen months”