Applications
Attractive Market
The solar power generation market is currently $80 billion and is on the rise, as solar modules are fast becoming a growing source of energy, with Thin Film and Crystalline Silicon making up the vast majority of this market. Annual installations and revenue have grown rapidly over recent years. The cumulative electrical energy produced from global PV installations equals more than half of the electricity demand in Greece, or the entire electricity demand in ten central African countries. Development in these fields, however, is slowing down due to poor efficiency in variable lighting, high capital costs and long lead time for manufacturing plant construction.
3GSolar Solutions – Ultra Low-Cost Energy Production
3GSolar offers a viable alternative to these technologies by deploying a 3rd generation solar photovoltaic (PV) cells for solar power generation. PV technology promises to become a clean, low-cost renewable energy source that will revolutionize developing and industrialized countries alike.
How We Achieve Results?
Next-Generation Technology – Higher Energy Production
Cost Advantage – Low Cost of Facilities, Labor and Materials
- Low cost facilities: Production equipment and infrastructure for a FRET enabled DSC facility capable of producing 20 MW of modules per year is $7 million or $0.35 million per MW capacity. This compares to $1 million and more per MW capacity for existing 100 MW capacity PV plants.
- Low labor costs: Screen printing process for the manufacture of FRET enabled DSC modules is highly automated, simple and easy to operate, and the majority of the staff can be less expensive lower skilled operators.
- Low cost, minimal toxic materials: 3GSolar’s manufacturing process does not rely on rare or expensive materials, unlike incumbent competitor technologies, and has minimal toxic content vs. other technologies.
Ultimately, this will enable the production of low-cost solar panels, making 3GSolar the solution of choice in emerging and other cost-sensitive markets. 3GSolar’s manufacturing plant cost is 70% less than the cost of a silicon line per megawatt output, and the company’s FRET-enabled DSC will reach an industry leading manufacturing cost of 0.35$ per Wp, resulting in a sustainable technology, even without a subsidy.
Winning Business Model
3GSolar expects to build a significantly profitable business over the next five years, backed by a strong IP portfolio. Substantial value will be generated by the licensee network who will manufacture the majority of the end product; however, this is only the beginning. Once 3GSolar attains a world-leading cost position for solar cells, the company it will be able to quickly enhance its activities as it rapidly takes shares from other technologies. The company’s development is divided into four phases, carefully designed to minimize technical risk and maximize investor returns.
