The solar industry faces four primary technical challenges on its way to achieving economies of scale and becoming the energy resource of choice:
Industry Challenge |
IPV SOLUTION |
|---|---|
PV is still expensive to make |
IPV reduces PV cost |
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PV power generation is still too costly to justify "mainstream" investment. |
IPV’s efficient solar solutions dramatically reduces PV unit costs and allowing its manufacturing partners to reduce the cost of their PV solar systems. |
PV manufacturing scale-up is capital intensive |
IPV solution requires much lower capital to
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Current state of the art silicon technology requires large capital outlays for manufacturing equipment and facilities necessary for large scale production. |
IPV’s technology requires smaller investment in manufacturing equipment and is capable of “plug and play” directly into current facilities and production lines. |
PV dependence on scarce/toxic elements. |
IPV uses readily-available silicon |
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Materials used in many of the most advanced PV technologies such as "thin film" are either rare or extremely toxic. |
IPV uses silicon instead of rare materials, ensuring a reliable product supply into the future and minimizing risks of shortages or runaway price inflation. Also, no toxic materials or chemicals are used in production, ensuring a safe environmental footprint. |
PV manufacturing is energy-intensive |
IPV’s process uses much less energy |
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Today’s PV manufacturing processes are energy-intensive, not only keeping unit costs high, but also harmful to the environment through undesirable carbon emissions. |
IPV’s process leads to much less waste across the production supply-chain, and is less energy-intensive than conventional PV manufacturing, resulting in cost savings as well as ensuring the sustainability of IPV’s technology over the long term. |