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Team Sunshine. We w elcome you to a conversation about the Future of Solar Energy. Sara Yackey. Becca Zeman. Phil Wentworth. The Conversation. What is Solar Energy? Why the Mystery? Global Initiatives Economics Opportunities for the future:
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Team Sunshine Wewelcomeyou toa conversationaboutthe Future of Solar Energy
Sara Yackey Becca Zeman Phil Wentworth
The Conversation • What is Solar Energy? • Why the Mystery? • Global Initiatives • Economics • Opportunities for the future: • Things to consider and possible challenges • Why not Solar
What is Solar Energy • Solar – from the sun • Energy – the force used to move something • Considered an “Alternative Energy” as opposed to Fossil Fuels
Why the mystery????? • Solar energy was created when the sun was • Life is fueled by the Sun • Fossil fuels were created through solar energy • It seems so obvious, and yet so complicated So……
A futurist perspective Insert kurzweil’s video here Source - http://seekingalpha.com/article/306468-the-real-issue-with-solar-energy-isn-t-its-cost
Interesting Facts • Did you know? • One kilowatt equals 1,000 watts, • A sunny location receives an average of 5.5 hours of sunlight per day each year. • A cloudy location receives 2.5 hours per day of sunlight each year. • A solar energy system can provide electricity 24 hours a day Source: http://www.solarbuzz.com/going-solar/using/quick-facts
Globally • Germany is leading the European nations • Incentives for companies to develop and consumers to implement • In Far-East Asia: Japan and China are industry leaders. • Japan - New Sunshine Project • China - Technology has grown exponentially. http://www.renewableenergyworld.com
Economics - $100 Billion Industry Worldwide* In the US the impact of the Solyndra Bankruptcy on the heels of significant government loans has lead to a PR nightmare for the industry Technology has continued to evolve, developing methods and machinery to reduce the expense of implementation and to reduce the cost to consumers. Average cost currently ~$3/Watt, economists estimate a drop to $1.45/Watt by 2020, and $1/Watt by 2025 Private investor funding is crucial due to world wide economic crisis. http://www.renewableenergyworld.com
Opportunities for the future Population growth will force the need for alternative energy Increase Cost in Fossil Fuels and decreased cost of solar energy Source:http://seekingalpha.com/article/306468-the-real-issue-with-solar-energy-isn-t-its-cost
Population growth Video Here http://www.youtube.com/watch?v=sc4HxPxNrZ0&feature=player_embedded
Impact of Nanotechnology SAVES MONEY! • Reduces manufacturing costs • Reduces installation costs
Environmental Impacts GO GREEN • Positives: • Conserves non-renewable energy sources • Facilities are better for the environment than fossil fuel facilities • Negatives: • Possibility of chemical spills • Construction of facilities will create pollutant materials
Land Use MAJOR LAND REQUIREMENTS • Large solar farms require a large amount of land • Impact to existing structures • Impact to surrounding agriculture • SAS’s solar farm is surrounded by sheep • Eyesore
Impact on Aviation • Glare from solar panels can cause issues of military and general aviation aircraft PILOTS MUST WATCH OUT FOR BLINDING GLARE!
Complimentary Energy Sources WORKING TOGETHER! • Wind – wind in the winter, sun in the summer • Biomass • Water
Solar Energy in 2025 • Globally, solar will be primary • Minimum 50% of the world’s power could be provided by solar energy • Population growth • Maturity of technology • Decreased costs of materials
??????Questions??????? Solar Energy In 2025…. Are you ready?