Solar power has the potential to be a virtual cure-all to our dependence on fossil fuels, but the cost of producing the number of solar panels to harness that energy has made solar power cost-prohibitive. However, the National Center for Solar Energy (NCSE) near Sde Boker, Israel, has developed a method for harnessing solar power that will, for the first time, compete with conventional energy sources, such as coal. The scientists at this center have developed a new solar technology that is so efficient that the cost of converting the sun’s rays into energy will be negligible.
The type of solar panels commonly used contain silicon, making the production cost of such panels very expensive. These panels change light into electricity and then store that light. According to the Director of the NCSE, the new technology developed by NCSE uses a parabola-shaped glass plate that not only absorbs light but also focuses that light on one central point. As a result, their technology is able to extract a thousand times more energy than traditional solar panels, resulting in a product that is 1,500 times less. NCSE is in talks with Zenith Solar to create a home system of solar cells based on this new technology.