05 Jun '12, 5pm

DOE’s SunShot Initiative Now Focusing on Creative Finance: The DOE's SunShot initiative looks to reduce the to...

DOE’s SunShot Initiative Now Focusing on Creative Finance: The DOE's SunShot initiative looks to reduce the to...

The DOE's SunShot initiative looks to reduce the total costs of photovoltaic solar energy systems by about 75 percent so that they are cost-competitive with other forms of energy without subsidies before 2020. Steve Chu, Secretary of the U.S. Department of Energy, is targeting $1 per watt for the total system, which he said corresponds to roughly 6 cents per kilowatt-hour. When Chu announced the SunShot program, he said it would work to bring down the full cost of solar by focusing on four main pillars: Technologies for solar cells and arrays Power electronics that optimize the performance of the installation Improvements in the efficiency of solar manufacturing processes Installation, design, and permitting for solar energy systems During the initiation of the SunShot program, Chu said that he sees the path to $1 per watt requiring disruptive rather incremental change. He...

Full article: http://www.greentechmedia.com/articles/read/DOEs-SunShot-...

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