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Home > News > U.S. firms working to lower cost of solar energy

March 14th, 2010

U.S. firms working to lower cost of solar energy

Abstract:
Xunming Deng, a physicist, started a solar company in Ohio eight years ago as a spinoff from his research at the University of Toledo. He's attracted $40 million in venture capital, and designed and purchased manufacturing equipment. He now thinks that his Xunlight Corp. is on the brink of profitability and fast growth. It expects certification this spring and is getting ready to ramp up production.

Deng's story reflects one of the innovative approaches that U.S. thin-film photovoltaic solar companies are taking to bring down the costs of solar installations for homes, businesses and utilities. All aim for a mass market with economies of scale that make solar energy comparable in price to energy from fossil fuels.

Source:
miamiherald.com

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