Colorado State University's method for manufacturing low-cost, high-efficiency solar panels is nearing mass production. AVA Solar Inc. will start production by the end of next year on the technology developed by mechanical engineering Professor W.S. Sampath at Colorado State. The new 200-megawatt factory is expected to employ up to 500 people. Based on the average household usage, 200 megawatts will power 40,000 U.S. homes.
Produced at less than $1 per watt, the panels will dramatically reduce the cost of generating solar electricity and could power homes and businesses around the globe with clean energy for roughly the same cost as traditionally generated electricity.
Anyone hear a big shiver from the offices of oil companies all across the world?