My friend Ray Kurzweil projects the U.S. will meet 100 percent of its electrical energy needs from solar in 20 years. Elon Musk is a bit more conservative, pegging it at 50 percent in that timeframe. While the growth of solar may seem slow to some, its fair to say its in the midst of its deceptive phase, on the road to disruption. For example, a 30 percent increase in solar energy production per year, means 1 percent today grows to 1.3 percent in 3 years. It also means that in 20 years (7 doublings), well see a 128-fold increase. Either way, if Ray and Elon are even close, there is a trillion dollars up for grabs (as well as the future of our planet), and the future is bright. Lets take a closer look at the converging technologies driving this futureThe cost of solar panels is dropping exponentially.The first and most important technological change is the falling cost per watt of silicon photovoltaic cells over the past few decades. Check out the plummeting cost from $76 in 1977, to less than $0.36 today. <\/p>\n<\/p>\n
The International Energy Agency predicts that we will produce 662 GigaWatts of solar energy by 2035 following a $1.3 trillion investment in this area, but frankly this estimate is highly conservative. The second technology at play is satellite-Earth imaging, which enables companies like solar City to make rapid and accurate decisions on solar panel installations. These days, an installer can check out your rooftop on Google Earth and determine in minutes if you are a good candidate. Super-simple.Energy Storage Mechanisms Are Improving RapidlyThe third key technology transforming our energy economy is battery storage. The ability to take solar energy captured during the day, and time-shift it into the night. Here to the change has been very significant, with a 50%+ reduction over the past four years, and an additional 50%+ reduction by 2020. <\/p>\n<\/p>\n
In addition to this ongoing cost reduction, were about to see a massive increase in battery production. Teslas Gigafactory alone will produce 35 Gigawatts worth of the batteries by 2020, more than 2013s total global battery production capacity. <\/p>\n<\/p>\n
Electric Vehicles (EVs)Teslas Gigafactory also supports the production of 500,000 electric vehicles per year. The rapid rise (see below) of Electric Vehicle (EV) production will play a critical role as well. <\/p>\n<\/p>\n
6 Ds: Tying It All Together The convergence of solar, batteries and EVs will democratize energy production and offer billions of people access to cheap, carbon-neutral energy. Looking at solar energy thru my 6 Ds paradigm of exponential technologies may offer some added insights: <\/p>\n
<\/p>\n
Read the rest here: My friend Ray Kurzweil projects the U.S. Continue reading
\nSolar Energy Revolution: A Massive Opportunity<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"