March 27, 2009
Next week MIT will announce a new electrolyzer that is cheap, efficient, and works at room temperature. So just by using a little water, electricity can be stored as Hydrogen, to be converted back as needed using a fuel-cell.
This could make it radically simpler and cheaper to store electricity than it is now with batteries.
The missing piece of the puzzle then is a much cheaper fuel-cell.
March 14, 2009
Currently in solar cells one photon excites one electron and the rest of the energy is dissipated as heat, but using ‘quantum dots’ that trap the photon longer more electrons can be affected.
This kind of thing is why I think solar efficiencies won’t come gradually but rather in a series of major breakthroughs.
January 19, 2009
A massive investment in solar and wind energy will reduce harmful emissions as well as our dependence in foreign oil.
More importantly however, it will usher in a new era of increasingly cheap energy, in two phases:
Stage One – First five years
Wind and light from the sun are free, therefore the raw materials for solar and wind energy have zero cost. The only variable costs of these facilities are insurance, maintenance, minimal payroll and maybe land lease.
However the initial capital investment, and servicing the debt that goes with it, is higher than traditional plants. So if the cost of a kw/h from wind or solar is higher than one from coal or gas it is due to the higher initial capital investment.
When the government spends 32 billion in solar/wind production and transmission infrastructure these capital costs will be nationalized as part of the stimulus package, and there will also be no direct interest expense to be paid by each project. Perhaps the government will retain part of the profits, or have some other mechanism of recapturing some of the taxpayers’ investment. But even so the wholesale price is likely to be much lower than coal’s.
Stage Two – Beyond 2014
The explosive investment in solar and wind technologies will radically increase their efficiencies.
Between 1980 and 2000 wind cost per kw fell from $2,600 to $790, mostly via increase in blade size and more efficient design.
Photovoltaic cell efficiency is still less than 20%. They are also expensive due to their exotic materials and complex build processes. This means there’s another 80% worth of energy to obtain from the same area via optimizations, as well as lower capital costs from streamlined construction. In other words, there is a lot of room for improvement.
Thanks to a recent wave of venture capital investment, government programs, and academic interest, there are hundreds of new startups, labs and individuals doing promising research in this area where only a handful were just three years ago. These actors will only speed up their research as the market for their products explodes overnight. Each one is attacking the problem in a different way, and as is common with high-risk ventures, most will fail, some will succeed, and one will find a technology that is truly radical.
It is that one company that finds a new material or process which doubles the PV or turbine efficiency that will change the game entirely. I have little doubt there will be one or two such disruptive players.
Let’s do the math: If we manage to increase efficiency of PV cells to 50%, and lower production costs to one third, that would reduce the cost of solar energy (non-subsidized) to one eighth what it is today!