Therefore, it would seem that solar power will ultimately be the solution to the energy needs of the world. However, in 2007 solar power is still not ready for every day commercial deployment. This is due to the cost of installing such systems and therefore, the cost of the electrical energy they generate being much higher than the current alternatives. All currently available solar technologies rely on the photoelectric effect, in which an incoming solar photon knocks an electron from a bound orbit in a semi conducting material such as silicon and then is collected through a conducting layer to be delivered as electrical current to a load. The current commercially available technology for direct conversion of sunlight to electrical energy (PV solar) is capable of somewhere between 5% and 15% conversion efficiency. This means that for every 1000 Watts of incident full sunlight (which is the approximate value for one square meter of the earths’ surface) a commercially available panel today will put out between 50 and 200 watts of electricity. The number of hours in a day, on average, in which the sun shines at maxim brightness varies across the face of the earth. In the lower latitudes it can be as high as 8 hours per day and in more northerly climates it can be as low as 2 or 3 hours daily, on average, throughout the year.
When the efficiency of the solar panel is combined with the availability of sunlight one begins to get to the business proposition of solar panels, that is: what quantity of electrical energy is produced yearly for how much investment in the solar system. Presently, this equation does not provide a viable economic model (without considerable government subsidy) for the deployment of solar power due to the high costs and low efficiencies of the available cell and panel solutions. CIO has developed a proprietary technique for converting the suns radiation into electrical current that does not operate as all other available technologies do via the photoelectric effect as described by Albert Einstein more than 100 years ago.
Market Opportunities:
The electric power industry is one of the world’s largest industrial segments, with annual revenue of approximately $1.06 trillion in 2004, according to Datamonitor. Global electricity demand has grown consistently at a rate between 2% and 5% annually for the past decade, according to the Energy Information Administration of the United States Department of Energy, or EIA. Worldwide demand for electricity is expected to increase from 14.3 trillion kilowatt hours in 2003 (implying an average selling price of $.075 per kilowatt hour) to 26.0 trillion kilowatt hours by 2025, according to the United States Department of Energy’s International Energy Outlook. New investments in generation, transmission and distribution to meet growth in the demand for electricity, excluding investments in fuel supply, are expected to total roughly $10 trillion by 2030, according to the IEA.
For the sake of comparison, the total world demand for electrical energy of 14.3 Trillion KW Hrs/year would involve the annual solar irradiance on a piece of desert land near the equator of approximately 85 Km on a side and assuming the CIO panels were used with 30% efficiency the entire world electrical demand could be met with panels covering a similar square of 155 Km on a side. Assuming that such panels could be manufactured for $1/Wp and that for each 1 Wp a total of 2 KWHrs/yr of electricity is derived then all of the panels required to generate present total world electricity needs of $14.3 T KWhrs/yr could be produced for $7.1 Trillion. Amortizing this over the 30 year life of the panels would give $0.016/KWhr.
Our Growth Strategies
Quantum Solar Power Corp. intends to be a manufacturer and marketer of solar panels based on the unique and patent pending solar technology. Multiple solar panels each of approximately 1 square meter in size will be used by customers to create large arrays of electricity generating capacity, when combined with other products will allow for the creation and transmission of electricity either for consumption by the owner or for selling to a utility. The process for manufacturing is based on known techniques in nanotechnology including guided self assembly and bottom up processing. It is expected therefore that in comparison with semiconductor patterning techniques which are used in standard solar cell manufacture that the capital equipment will be less expensive to purchase and to operate and that operating yields will be improved thus contributing to lower per panel costs.
Read more:
http://74.125.93.132/search?q=cache:FgJBkFe_ooYJ:www.faqs.org/sec-filings/091113/Quantum-Ventures-Inc_10-Q/+Canadian+Integrated+Optics+(IOM)+Limited&cd=11&hl=en&ct=clnk&gl=ca#ixzz0aWLXogUh
QV cost=$0.016/KWhr
QV sales=$0.075/KWhr
QVprofit margin=$0.059/KWhr!
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