Solar at $25 - $45 a Barrel¹* toward the mainstream energy market
- Our techno-economic team has developed two concepts that might alter the way we think about energy and change the definition of energy price itself. The Barrel’s Worth of Electricity (BWE) and the Virtualized Green Rate (VGR) logically compare solar to other resources. Calculations show accelerated trends towards solar cost competitiveness.
Solar Power Means:
- Sustainable utilization of resources
- Curbing carbon gas emissions
- Ending energy needs "outsourcing"
- Creating high-paying jobs
- Moving toward zero energy entities
The solar energy industry is growing at a tremendous pace but, at Solarvoltaics, we understand that one must exercise caution and be aware of the level of risk involved with each technology. Our team has developed a techno-economic model that helps governments and businesses weigh up the economic viability of investments in new solar technologies. A subset of the model provides analysis and information to assist investors and prospective developers in the assessment of the opportunities available at our company. The model introduces the concept of Virtualized Green Rate, a concept generalizing the conventional rate setting to account for all kind of repercussions resulting from the use of renewable energy.
Investment Opportunities
New technologies always face commercialization barriers so developing an ambitious yet prudent plan is essential. In the field of solar energy, this means addressing issues of planning, testing, economies of scale, pricing, and distribution. The Solarvoltaics team is capitalizing on its extensive experience to do exactly that and, through UTILITY PV, giving investors a direct stake in the returns. A solar barrel¹* can be produced in many areas in the U.S. at about $45. This figure is further considerably reduced when we account for the cost of curbing greenhouse gas emissions and the opportunity loss caused by not having implemented renewable energy policies.
Energy Diversity in a Low Carbon Society
No single source of energy represents the solution to the world's energy challenges but solar energy has emerged as a vital resource due to the enormous amount of consumption of electricity in many regions of the world, including oil-producing countries. In both the US, Europe, and Japan governments are also actively working to curb greenhouse gas emissions, making solar energy a very attractive investment. As the price of solar power goes down, the attractive qualities of photovoltaics will push solar into the mainstream energy market. Solarvoltaics contributes to this goal by developing leading methodology which combines low-cost, low-risk photovoltaic virtualization and, in collaboration with global partners, high efficiency, integrated technology for large scale solar power generation.