Quantum Solar Power Corporation (Quantum) has developed a “Next Generation Device” (NGD™) solar cell technology. Quantum’s NGD™ is a patent pending, functioning, laboratory model that demonstrates its utility in solar power conversion without the necessity of utilizing expensive crystalline silicon.
There are three key limitations to existing solar technologies; efficiency, cost and scalability. The manufacturing processes necessary to refine crystalline silicon PV makes it an expensive solution despite its promising efficiency. Thin film PV, although much less expensive than crystalline silicon PV cannot achieve the same efficiency levels. Even at higher efficiencies, Thin film PV is limited by its use of rare earth elements, ultimately preventing it from scaling to the global terawatt scale.
Quantum NGD™ is a disruptive technology which has the potential to offer an elegant solar PV solution. The Quantum NGD™ technology is expected to provide efficiencies matching crystalline silicon PV at a cost lower than thin film PV. Absent are any dependencies on rare earth elements. As a result Quantum NGD™ could lead to the manufacturing of photovoltaic solar cells at a cost per kilowatt/hour that is competitive with coal generated electricity.
Quantum’s NGD™ technology has the potential for 10X price/performance advantage over even the very latest PV developments. The solar PV market is expected to grow by 58% to an $18.9B market in 2010.
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Quantum is poised to revolutionize the energy industry through the implementation of its NGD™ technology, making renewable energy a viable alternative to fossil fuels.
With an implementation of Quantum’s NGD™ technology, the potential total global PV market could easily reach one trillion dollars ($1T).
