Space Age Solar
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As we lurch ever onwards into the 21st century and as traditional forms of energy become less abundant so we are seeing more and more impressive ways of collecting the natural energy which exists all over and around our planet.
Israel is a country which is more advanced than most when it comes to solar technology. A large percentage of homes in the country already have solar panels producing piping hot water after the government required installation of the systems in new homes after 1973.
Now a new Israeli company by the name of Zenith Solar claims to have a revolutionary concentrated solar power system which they say is up to five times as efficient and standard solar power electricity.
Neal Sandler writes in Business Week:
..it (Israel) has been slow in adopting more sophisticated solar technologies that produce electricity from sunlight. Now, with oil hovering near $100 a barrel, a local startup hopes to build on the country’s early embrace of sun power to carve out a new clean-energy business.
These guys are hitting the market just right. Interest in solar power electricity is growing rapidly and a really good sign that solar power systems are entering the general public’s consciousness is the fact that investment companies are now recognizing the huge investment opportunity which exists in solar power electricity companies. You can pretty much safely guarantee that as soon as the money men are in there we will be seeing efficient, competitive solar generated electricity in the near future.
Neal Sandler goes on to say:
Zenith Solar, based in Nes Ziona near Tel Aviv, is a pioneer in a new type of solar energy that uses mirrors and lenses to focus and intensify the sun’s light, producing far more electricity at lower cost. Compared with traditional flat photovoltaic panels made of silicon, this so-called “concentrated solar power” technology has proved in tests to be up to five times more efficient. That puts it on the verge of being competitive with oil and natural gas, even without government subsidies.
Source: businessweek
