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New Solar Energy System Makes It Possible to Produce Wholesale Electricity at a Cost Competitive with Fossil Fuels.



SUNRGI Announces Xtreme Concentrated Photovoltaics[TM] (XCPV[TM]) at The National Energy Marketers Association's 11(th) Annual Global Energy Forum in Washington, DC

WASHINGTON -- A new patents pending solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun.  system will soon make it possible to produce electricity at a wholesale cost of 5 cents per kWh (kilowatt hour Kil´o`watt` hour

1. (Elec.) A unit of work or energy equal to that done by one kilowatt acting for one hour; - approximately equal to 1.34 horse-power hour.

Noun 1.
). This price is competitive with the wholesale cost of producing electricity using fossil fuels fossil fuel: see energy, sources of; fuel.
fossil fuel

Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas.
 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 solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. , 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 Robert, Henry Martyn 1837-1923.

American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876).

Noun 1.
. (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 The context of product management
The existence of product managers in the product software industry indicates that software is becoming more and more commercialized as a standard product.
 for continuous improvement; low-cost field installation; and, a custom-designed system for easy operation and maintenance.

ABOUT SUNRGI

SUNRGI, with offices in Reno, Silicon Valley and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , is in the business of designing and developing solar energy systems. It was formed by five experienced, entrepreneurial, inventive individuals with the goal of creating a renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation.  source that would be available at fossil fuel prices. Its work has led to the development of an entirely new solar energy category: Xtreme Concentrated Photovoltaics or XCPV. Visit http://www.sunrgi.com.
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Publication:Business Wire
Date:Apr 29, 2008
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