The Global Climate Platform

CLIMATE & ENERGY TECHNOLOGY

Sunday, 07, April, 2024

project sunglass

Solar Energy: Lens technology boosts solar panel energy conversion efficiency by 30%.”


DESCRIPTION
: Cutting-edge lens technology boosts solar panel energy conversion by 30%.

PROBLEM: Conventional panels capture only 22% of solar energy and wear out prematurely.

SOLUTION: Polycarbonate film layer improves efficiency.

IMPACT: Drastically reduces reliance on fossil fuels, propelling sustainable energy.
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DATA: 20 years of success in medical fields, substantiated by small panel application.

TECHNOLOGY: Specific light frequencies optimize photon-to-electricity conversion.

SCALABILITY: Easily integrates into global solar panel manufacturing.
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STAGE: Startup, with Series A funding in 6 months.

INVESTED: $4.5 million invested over 20 years.

SEEKING: $2 million for standard-size prototype and efficacy demonstration.

RISK FACTOR: Challenges in scaling to larger sizes without compromising feasibility.

Customer.  The primary customers will be existing manufacturers of solar panels that are looking to enhance their offering with a more powerful and longer-lasting PV panel.

Business Model. Upfront licensing fee and ongoing royalty payments. 

Economics.  Global demand for PV panels far outstrips capacity. There is currently a 3-year backlog of PV panels. This technology could become standard in all solar panels manufactured.

The company has developed a means to “maximize the good light and suppress the bad light” received by existing PV solar panels. Current science has already identified the frequencies of light that maximize the conversion of the photons of light into electricity in a PV solar panel. Materials and methods already invented can be scaled to (a) be added to existing solar panels already in operation, and (b) incorporated into solar panels as they are manufactured

Comments. The inventor appears to be a later-day Nicolas Tesla whose understanding of light waves energy and technology will merit a Nobel Prize.  The company’s ongoing conversations with the US Dept of Defense give credence to the significance of this technology.  

Global Competition. China. We think the improvement in efficacy (cost per kilowatt) would enable US (and other) manufacturers to become cost-competitive with China as it offsets China’s price advantage from a superior supply chain and economies of scale.

Price Target.  Our estimation of the per-share value of the company’s shares at some future point.

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