Photovoltaic (PV) energy and concentrated solar energy are likely to continue to grow rapidly. The National Renewable Energy Laboratory (NREL) projects that solar energy could provide 45% of electricity in the United States by 2050 if the energy system is completely decarbonized and technology costs are expected to continue to rise. Solar energy is now cheaper than coal in some parts of the world, and generating energy from the sun is probably the world's cheapest energy option in less than ten years, according to Bloomberg. In many parts of the world, solar energy is already the most economical option.
Wouldn't it be better to invest in improving solar technology than installing inefficient solar panels? The purpose of a window is to let light through, but solar window technology requires achieving the right balance between the light captured for energy and the remaining light that can illuminate a room. Meanwhile, Physee, an electrical company from the Netherlands, has patented similar solar windows made with transparent double-panel glass. With the rise of electric cars, more buildings with solar panels are needed, so there is a greater demand for solar panels. Sunflare, a startup company based in Los Angeles, seeks to become the next solar energy heavyweight with its lightweight panels.
In recent years, solar energy has experienced rapid growth, as well as promising improvements in technology and prices. Kennedy names bicycle sharing systems as another model that would not be the same without solar energy, especially systems without springs such as that of the company Mobike, with which Kennedy met last summer. With this increasing expansion of solar energy production, solar energy has become the main rival of nuclear energy in energy production. The new technological advances of the last twenty years have driven this greater dependence on solar energy by reducing costs, and new technological advances promise to increase this use of solar energy by further reducing costs and increasing the efficiency of solar panels.
I will share this information with her so that she can discuss her professional options who can help her with this in the future. Using a similar tactic, chemists and materials scientists have designed anti-reflective coatings to be placed on the front of solar cells to prevent useful light from reflecting back into space without hitting an electron in the solar cell. In addition, production innovations are being prepared that will reduce the quantities of expensive materials, such as silver and silicon, used in the manufacture of solar cells, as well as innovations such as bifacial modules that allow panels to capture solar energy from both sides. The key to this new invention lies in SolarWindow Technologies transparent liquid coatings, which make glass act like a photovoltaic device.
Given the harsh reality of the climate crisis, the world's imminent approach to peak coal and peak oil, and the rapid adoption of solar energy around the world, Kennedy says that the future looks very promising for solar energy and hopes that more solar innovations will continue to arrive.