Source:
Published: Thursday, May 01, 2008

A new patents pending solar energy system will soon make it possible to produce electricity at a wholesale cost of 5 cents per kWh (kilowatt hour). This price is competitive with the wholesale cost of producing electricity using fossil fuels and a fraction of the current cost of solar energy.

    XCPV (Xtreme Concentrated Photovoltaics), a system that
concentrates the equivalent of more than 1,600 times the sun's energy
onto the world's most efficient solar cells, was announced today by
SUNRGI, a solar energy system designer and developer, at the National
Energy Marketers Association's 11th Annual Global Energy Forum in
Washington, DC. The technology will enable power companies,
businesses, and residents to produce electricity from solar energy at
a lower cost than ever before.

    "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."

    What differentiates SUNRGI's XCPV system from any other solar
energy system includes: a proprietary, integrated low profile
technology for concentrating sunlight; a proprietary technology and
methodology for cooling solar cells; a low cost, modular system
optimized for mass-production; less land area or "roof top"
requirements than typical solar energy systems; a technology roadmap
for continuous improvement; low-cost field installation; and, a
custom-designed system for easy operation and maintenance.