I am a subscriber to a periodical on science and technology. The latest issue has a story on the company Nanosolar. I put this in issues because I can post a YouTube video here.
The video is also on the Homepage of the company.
There was a report on that company two years ago. At that time they claimed they would be up and running in one year. It took them two years but they are in production now. They built the factory with a 500 Million Dollar loan from the US-Energy Ministry. According to the article they have spent only half of that yet but have started industrial scale production alredy.
The story is almost like a fairy tale, that's why I put the question mark in the title but it seems real enough.
The founder is a German who went to the US to complete his IT-studies at a US-University. He then founded three internet companies and sold them for a Billion Dollars.
He found retirement at 33 years boring and looked around what he would like to do, because he did not want to start in IT again. He decided that making cheap solar cells would be interesting to do.
He looked into it and decided on one promising process. He then assembled a team of scientists from that field but also specialists on putting technology into efficient production.
They came up with a process to print cells on a aluminium foil. The foil comes off a big coil, goes through a printer and a drying chamber back into a coil of the half finished solar cell. The ink contains nano-particles of the active cell material.
Present prices for Solar Cell Panels seem to be at 7 Dollars a watt. To be competitive with conventional power that price would need to go down to 1 Dollar app.
They claim they can now sell the assembled panels at 2 Dollars per watt. But they are confident they can eventually bring that down to 1 Dollar just by streamlining their production facilities with the present equipment. They won't need any technology advances to reach that goal.
They have the production of the cells in California and the assembly plant for the panels in Germany. And they already have contracts to deliver Panels to Power Companys with a value of Billions of Dollars.
Next they are on to developing kits for private Users.