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High Efficiency Solar Collection

Lisa Evans, Nathan Haines, Ronald Kerr, Shiou Li Lin, and Scott Schaefer. High Efficiency Solar Collection. Agenda. Energy Prices Current Solar Status Basic Technology Possible Target Markets Competitor Analysis S.W.O.T. Current U.S. Energy Prices. Future U.S. Energy Prices.

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High Efficiency Solar Collection

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  1. Lisa Evans, Nathan Haines, Ronald Kerr, Shiou Li Lin, and Scott Schaefer High Efficiency Solar Collection

  2. Agenda • Energy Prices • Current Solar Status • Basic Technology • Possible Target Markets • Competitor Analysis • S.W.O.T

  3. Current U.S. Energy Prices

  4. Future U.S. Energy Prices

  5. Current Status • Demand for renewable energy sources is increasing • Percentage of Energy Consumption by Source • Fossil Fuels - ~85% • Renewable Energy Sources - ~6.7% • Solar/PV Energy - ~0.08%

  6. Basic Technology • Current systems are based on silicon • Our product uses 2nd material in conversion • Efficiency range is from 8% to 15% • Our system is targeted at 35-40% • Utilizes wider range of light spectrum • Light concentration

  7. Possible Target Markets

  8. Competitor Analysis Solar Cell Higher Efficiency III-V Cells Spectrolab Working on 41.6% efficient III-V solar cell Spire Semiconductor Awarded grant to develop 42% efficient III-V solar cell • SunPower Corporation • #1 solar panel provider in North America • SunTech • Works in semi-shade

  9. S.W.O.T. Analysis • Strengths • Higher efficiency rate • Smaller space • Better shade tolerance • Higher heat tolerance • Weaknesses • Pricing relies on future developments • Many competitors • Oil • Coal • Other solar companies

  10. S.W.O.T. Analysis • Opportunities • Oil and gas prices continue to rise • Military and government interest in high efficiency • Takes up less space than normal solar panels • Threats • Pricing depends on development of other parts • Oil and gas prices could take longer to rise

  11. Conclusion • Energy prices rising • Governments & energy companies adopting renewable energy • Strong advantages Questions?

  12. Sources Department of Energy - Federal Government Increases Renewable Energy Use Over 1000 Percent since 1999; Exceeds Goal. (2005, November 3). Retrieved October 27, 2009, from http://www.energy.gov/news/2615.htm Department of Energy – Official Energy Statistics from the U.S. Government(2009, October). Retrieved October 26, 2009, from http://www.eia.doe.gov/cneaf/electricity/epm/epm_sum.html European Household Electricity Price Index for Europe. (2009, June 16). Retrieved October 26, 2009, from www.e-control.at/portal/page/portal/medienbibliothek/presse/dokumente/pdfs/HEPI_Juni_englisch_Final.pdf Gov. Schwarzenegger and Secretary Salazar Sign MOU to Expedite Renewable Energy Development in California. (2009, October 12). Retrieved October 27, 2009, from http://gov.ca.gov/index.php?/press-release/13576/ Our Products: Pluto Cells. SunTech. Retrieved 16 October 2009, from http://www.suntech-power.com/index.php?option=com_content&view=article&id=177&Itemid=185&lang=en. Our Track Record.SunPower Corporation. Retrieved 16 October 2009, from http://us.sunpowercorp.com/residential/why-sunpower/most-experience/our-track-record.php. Renewable Energy: 25 by 25 Renewable Standard | PGE. (n.d.). Retrieved October 27, 2009, from http://portlandgeneral.com/community_environment/initiatives/renewable_energy/25x25_renewable_standard.aspx Reuters and New Scientist staff. (2008, August 8). US military launches war on global warming - environment - 08 August 2008 - New Scientist. Retrieved October 27, 2009, from http://www.newscientist.com/article/dn14498-us-military-launches-war-on-global-warming.html Spire Semiconductors: Precision, Quality, & Performance. Spire Semiconductors. Retrieved 21 October 2009, from http://www.spirecorp.com/spire-semiconductor/index.php. Spectrolab. Spectrolab. Retrieved 21 October 2009, from http://www.spectrolab.com/.

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