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I have had several questions recently as to how the bankruptcy of Suntech Power’s largest subsidiary will affect the industry in general and Natcore in particular. The short answer is that it will be good for both the industry and our company.
The solar industry has been artificially affected not only by China, subsidizing cell manufacturers, but also by the United States and Europe, imposing tariffs based on anti-dumping regulations. The Suntech failure is just another example of how free markets are larger than companies and countries.
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We have technology
that will change
the world.
That's a bold claim. But consider this: Natcore Technology controls a new thin-film growth process that promises to allow mass manufacturing of tandem solar cells with twice the efficiency of the best solar cells available today.
This would mean that solar energy would finally be cost-competitive with conventional power. And that we can significantly diminish our dependence on fossil fuels.
Moreover, our technology allows for solar cell production that eradicates the need for toxic silane; eliminates the need for intensive energy used to apply the antireflective coating; and significantly lowers silicon usage. But our world-changing technology also promises to have dramatic impact on semiconductor devices; optical components; eyewear; aerospace exploration; and architectural coatings, among other uses.
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