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Lisa Evans, Nathan Haines, Ronald Kerr, Shiou Li Lin, and Scott Schaefer
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Energy Prices Current Solar Status Basic Technology Possible Target Markets Competitor Analysis S.W.O.T
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Demand for renewable energy sources is increasing Percentage of Energy Consumption by Source ▪ Fossil Fuels - ~85% ▪ Renewable Energy Sources - ~6.7% ▪ Solar/PV Energy - ~0.08%
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Current systems are based on silicon Our product uses 2nd material in conversion Efficiency range is from 8% to 15% Our system is targeted at 35-40% Utilizes wider range of light spectrum Light concentration
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Possible MarketsNotes US Military25% target by 2025 Federal Government7.5% target by 2013 State GovernmentsCalifornia: 33% by 2020 Energy CompaniesPGE: 25% by 2025 Heavy IndustryLargest consumer of electricity HospitalsLess dependence on grid European MarketsUp to $0.46/kWh! Remote LocationsFar from grid Residential (apartments, condos, homes)Millions of customers
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SOLAR CELL SunPower Corporation #1 solar panel provider in North America SunTech Works in semi-shade HIGHER EFFICIENCY III-V CELLS Spectrolab Working on 41.6% efficient III- V solar cell Spire Semiconductor Awarded grant to develop 42% efficient III-V solar cell
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Strengths Higher efficiency rate Smaller space Better shade tolerance Higher heat tolerance Weaknesses Pricing relies on future developments Many competitors ▪ Oil ▪ Coal ▪ Other solar companies
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Opportunities Oil and gas prices continue to rise Military and government interest in high efficiency Takes up less space than normal solar panels Threats Pricing depends on development of other parts Oil and gas prices could take longer to rise
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Energy prices rising Governments & energy companies adopting renewable energy Strong advantages Questions?
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Department of Energy - Federal Government Increases Renewable Energy Use Over 1000 Percent since 1999; Exceeds Goal. (2005, November 3). Retrieved October 27, 2009, from http://www.energy.gov/news/2615.htmhttp://www.energy.gov/news/2615.htm Department of Energy – Official Energy Statistics from the U.S. Government(2009, October). Retrieved October 26, 2009, from http://www.eia.doe.gov/cneaf/electricity/epm/epm_sum.html European Household Electricity Price Index for Europe. (2009, June 16). Retrieved October 26, 2009, from www.e- control.at/portal/page/portal/medienbibliothek/presse/dokumente/pdfs/HEPI_Juni_englisch_Final.pdf Gov. Schwarzenegger and Secretary Salazar Sign MOU to Expedite Renewable Energy Development in California. (2009, October 12). Retrieved October 27, 2009, from http://gov.ca.gov/index.php?/press-release/13576/ Our Products: Pluto Cells. SunTech. Retrieved 16 October 2009, from http://www.suntech- power.com/index.php?option=com_content&view=article&id=177&Itemid=185&lang=en.http://www.suntech- power.com/index.php?option=com_content&view=article&id=177&Itemid=185&lang=en Our Track Record. SunPower Corporation. Retrieved 16 October 2009, from http://us.sunpowercorp.com/residential/why-sunpower/most- experience/our-track-record.php.http://us.sunpowercorp.com/residential/why-sunpower/most- experience/our-track-record.php Renewable Energy: 25 by 25 Renewable Standard | PGE. (n.d.). Retrieved October 27, 2009, from http://portlandgeneral.com/community_environment/initiatives/renewable_energy/25x25_renewable_standard.aspx Reuters and New Scientist staff. (2008, August 8). US military launches war on global warming - environment - 08 August 2008 - New Scientist. Retrieved October 27, 2009, from http://www.newscientist.com/article/dn14498-us-military-launches-war-on-global- warming.htmlhttp://www.newscientist.com/article/dn14498-us-military-launches-war-on-global- warming.html Spire Semiconductors: Precision, Quality, & Performance. Spire Semiconductors. Retrieved 21 October 2009, from http://www.spirecorp.com/spire-semiconductor/index.php. http://www.spirecorp.com/spire-semiconductor/index.php Spectrolab. Spectrolab. Retrieved 21 October 2009, from http://www.spectrolab.com/.http://www.spectrolab.com/
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