New Revolution of Solar Technology

A clutch of businesses from Oxford, England to Redwood City, California around the globe are working to market a new solar technology that could further enhance renewable energy generation acceptance.Oxford PV, a tandem company with Oxford University, got $3 million from the UK earlier this year. Government to create technology to create solar cells using a fresh type of material. A firm called Swift Solar raised $7 million in the U.S. two days ago, according to a filing with the Securities and Exchange Commission, to introduce the same technology to the market.

Many of those producers ultimately folded, but the survivors succeeded in maintaining their dominant role in the sector by decreasing buyers ' need for cost or effectiveness savings to look for new techniques.There is a danger that this new technology will also be facing, but the promise of radical cost-effectiveness changes that are small enough to attract customers once again has investors put cash behind alternative solar chemistries.

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