EVSO: Scientific Breakthrough Aims to Drastically Reduce Solar Costs
April 08 2010 - 8:03AM
Business Wire
Management of Evolution Solar Corp. (PinkSheets: EVSO) was
pleased to learn that engineers at Princeton University have
developed a new technique for producing electricity-conducting
plastics which could significantly reduce the costs of
manufacturing solar panels. University Professor Yueh-Lin Loo has
invented a new plasticizing process that she hopes will obsolete
the use of rare and expensive indium-tin-oxide (ITO) in solar
cells.
The technique can be adapted immediately to substitute for the
ITO used in solar cells, according to Professor Loo.
The researchers successfully overcame the pre-existing technical
hurdles to produce plastics that are translucent, malleable and
able to conduct electricity, which could lead to a broader use of
the materials in a wide range of electrical devices.
“As technology advances and competition flourishes, we expect to
see the cost of solar power to continually drop going forward,”
stated Robert Hines, President of EVSO. “As time goes forward, we
see solar power becoming more and more financially attainable for
everyone.”
Funding for the Princeton University project was provided by the
National Science Foundation, the W.M. Keck Foundation and the
Arnold and Mabel Beckman Foundation.
Evolution Solar is currently building a solar demonstration site
in partnership with Texas Southern University, to be located at the
University’s Houston Campus. The project should help Evolution
Solar acquire new projects in a sector that is growing to compete
in the energy industry, which contains Chevron (NYSE: CVX), BP
(NYSE: BP), Valero Energy Corporation (NYSE: VLO) and Exxon Mobil
Corp. (NYSE: XOM).
About Evolution Solar Corporation
Evolution Solar Corporation, (EVSO), commercializes leading edge
alternative solar energy technologies and related photovoltaic
technologies, equipment and next generation appliances. Evolution
Solar is an emerging industry leader capitalizing on its
understanding of solar technology and supporting the development of
alternative energy plans for large corporations and government
organizations. Evolution Solar is also an expert consultant agency
to organizations in their strategic and procurement plans for
alternative energy contracts with public utilities.
For more information, visit http://www.evolutionsolar.com.
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