This Solar Startup Born in a Garage is Beating China in Affordable Solar Panel
| < 1 minute read
Australia-based SunDrive has made a materials breakthrough that promises to increase efficiency and lower the cost of solar panels.
How does it begin?
About seven years ago, Vince Allen barged into the garage he shared with some flatmates in a Sydney suburb and set about trying to shake up the solar industry.
Solar panel makers now consume as much as 20% of the world’s industrial silver each year.
Chinese Solar Cell Maker
Longi Green Energy Technology Co., which sold $8.4 billion of solar technology last year and is one of the world’s biggest manufacturers, held the previous top mark of 25.26%.
If SunDrive can mass-produce its technology — and that’s a big if — the Australian startup could reduce the cost of solar panels and make the industry far less dependent on silver. The thing about copper is that it’s very abundant and usually about 100 times cheaper than silver.
Suprotik Sinha is the Content Writer with Synkrama Technologies. He writes about technologies and startups in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries 6+ years of experience in Content Writing, and he also worked in mainstream broadcast media, where he worked as a Journalist with Ibn7 ( now known as News18 India) and Zee Media in Mumbai.