CleanTechnica released an exclusive article this week, showing the latest technology in the solar field. The V3Solar Spin Cell could be just the solution everyone expects. This cell is found to produce electricity for as little as 8 cents per kWh, compared to average cost of US electricity of 12 cents, and median cost from solar PV of 28 cents.
Such news definitely triggers quite an interest, and it is only a matter of time to find out if the technology could really turn the energy market upside down.
At this stage, the prototype is still under development. Until it reaches the commercial market, there is one more step to be completed, and this is the low-volume production for testing.
The innovation according to V3Solar is hidden in the specialized lensing and a rotating Spin Cell, which can concentrate the sunlight onto one sun mono PV without degradation of heat. The dynamic spin is what increases the efficiency of the PV by as much as 20%, creates an increase in power density and consequently brings down the cost.
V3Solar is currently searching for partnerships that will help releasing the product on the market as soon as possible, because they are already piling the orders. One customer is a group specializing in military projects, who signed a deal to develop 1000 Mobile Energy Production systems for the U.S Army.
According to the makers of the Spin Cell, the technology will not only save money, but it will also provide cheap and effective way to mitigate risk. V3Solar has ambitious targets of covering 3% of the market, compared to the current solar contribution of around 0.5-1%.
Another revolutionary product, based on the same technology is the ‘CoolSpin’, which integrates with existing concentrated photovoltaics (CPV) but reduces their material cost. This product is likely to appear on the commercial market by mid-2013.