Elon Musk unveils cheap and efficient solar panel




Entrepreneur Elon Musk announced a solar panel during a presentation that is characterized by high efficiency and low cost. The developed panel will be the first to be used to complete the construction of a 1 giga-watts of power station, and then come to the market.

Musk made the announcement as CEO of Solar City, a company he founded with others. Reuters reports that the announced solar panel has a measured conversion efficiency of 22.04 percent, as measured by the Renewable Energy Test Center. Solar City claims that it makes it the most efficient solar panel developed in terms of the cost per watt. That would namely 15 to 20 cents lower than models currently used in practice; if true, would mean a considerable reduction in the cost of generating electricity.


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