United Solar Ovonic gets DOE contract to reduce solar power costs
Filed under: Solar
The Department of Energy has awarded a three deal to United Solar Ovonic to share costs and cooperate on low-cost photovoltaic solar systems that can be integrated into building construction. The biggest flaw of photovoltaics right now is cost vs efficiency ratio. Because of the cost of such systems, it takes most people a long time to save enough on energy costs to cover the expense. United Solar Ovonic will get $4.6 million in government funding during the first year. If the project milestones are met by Ovonic, the DOE will provide almost $15 million in extra funds over the following two years. The project is part of the DOE's Solar America Initiative (SAI) which is intended to reduce the cost of both components and installation of solar systems with a target of $.10-.15/kWh. United Solar Ovonic currently produces a line of lightweight, flexible solar systems under the UNI-SOLAR brand.
[Source: United Solar Ovonic]













