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NextGen Announces Cheap Solar Paint on the Horizon

Posted By Ariel Schwartz On April 12, 2010 @ 1:00 pm In Renewable Energy,Solar Power | 5 Comments

solar paint, solar cells, nextgen, alternative energy, solar power, green design [1]

NextGen Solar [2] has announced that their new breed of cheap solar paint is closer than ever now that the company has raised half of the $1 million it needs to move out of the lab and into the real world. The company’s solar paint is expected to provide up to 40% efficiency at a third of the cost of traditional photovoltaic panels [3]. That’s partially because the paint captures more wavelengths of light than traditional cells. The material, which forms small connected solar cells [4] as it dries, can be applied to nearly any surface–windows, walls, roofs, and more.

Plenty of organizations are working on solar paint [5] and spray-on solar cells [6] — the National Institute of Standards and Technology, the University of Texas, and the National Renewable Energy Laboratory, to name a few. However NextGen [2]‘s secret weapon is Len Batterson, a tech investor who has backed successful startups for 27 years. Batterson claims that NextGen’s revolutionary technology could lead to the biggest venture capital deal ever if it works.

That’s a big “if”, of course — the solar paint has yet to prove itself in a commercial setting. But if it is successful, NextGen’s paint could help reach the elusive goal of bringing solar power [7] down to price parity with coal power.

+ NextGen [2]

Via Cleantechnica [8]


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URL to article: http://inhabitat.com/nextgen-announces-cheap-solar-paint-on-the-horizon/

URLs in this post:

[1] Image: http://inhabitat.com/2010/04/12/nextgen-announces-cheap-solar-paint-on-the-horizon/richard-brotzman-solar-technology/

[2] NextGen Solar: http://nextgensolar.net/

[3] photovoltaic panels: http://inhabitat.com/solar-power/

[4] solar cells: http://inhabitat.com/2010/04/09/carbon-based-solar-cells-could-replace-silicon-cells/

[5] solar paint: http://inhabitat.com/2008/03/24/solar-power-without-a-solar-panel/

[6] spray-on solar cells: http://inhabitat.com/2010/04/02/organic-semiconductor-may-pave-the-way-for-paintable-electronics/

[7] solar power: http://inhabitat.com/2009/09/01/japan-plans-21-billion-solar-space-post-to-power-294000-homes/

[8] Cleantechnica: http://cleantechnica.com/2010/04/10/cheap-solar-paint-takes-a-giant-step-closer-to-reality/

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