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AMSTERDAM (Reuters) -- A major European chip maker said this week it had discovered new ways to produce solar cells which will generate electricity twenty times cheaper than today's solar panels.
Originally posted by russ_watters
You know me - skeptical as always.
Sounds good, but the article is so vague as to make it sound like the company is speculating on a discovery that is yet to come. And the discovery they are talking about is THE technological discovery of all time - the one that eliminates the entire world's energy problems.
Excuse me for not holding my breath.
Still, the company is one of reasonable credibility.
The discovery involves a new way to create perovskite solar cells, which are more efficient and less expensive to produce than traditional silicon-based solar cells.
Perovskite solar cells have a simpler production process and use less material, making them more cost-effective to manufacture compared to traditional solar cells.
Cheap solar power could lead to a significant decrease in the cost of renewable energy, making it more accessible and widespread. This could also reduce our reliance on fossil fuels and help combat climate change.
One potential drawback is the stability and durability of perovskite solar cells. They are still a relatively new technology and may not perform as well in harsh weather conditions or over long periods of time.
The discovery is still in its early stages and further research and development is needed before it can be implemented on a large scale. It may take several years before we see this technology being used commercially.