Green Options

92% of people think we need to develop and use solar power, but less than 1% of US power is from solar. Where are the gaps?

I can identify three main ones, but they seem to be getting addressed more and more by a wide variety of parties — public, private and non-governmental. So, what is left?

With Obama as President-elect, solar stock prices must be sky high at the moment, right? Wrong. If you look at the values of most stocks around election day, they did increase. This peak was short lived however for most solar companies and it was followed by a huge decline.

Just how steep are we talking?

Akeena Solar

(NASDAQ:AKNS) is a large US-based solar installers for residential and commercial systems in California, New Jersey, New York, and Connecticut. Their stock was valued at nearly $17 at the beginning of the year and is now just above $2.

Ascent Solar

(NASDAQ:ASTI) is based in Colorado and produces high efficiency, thin film solar products. They saw stock prices rise to over $25 a share at the beginning of the year, but are currently under $4.

John Sedgwick is the Co-founder and Vice President of Solaicx, a company that manufactures silicon ingots and wafers for solar electric (PV) panels. They are then supplied to solar panel manufacturers across the globe.

Solaicx began production at their new manufacturing plant in Portland, Oregon at the end of 2007. While current capacity of the plant is 40 MW, production will increase to 180 MW in the future.

CleanTechnica: What kinds of general trends have you seen in the solar industry as a whole?

John Sedgwick: The general objective of the entire industry is to reduce costs. What we see in markets across the world is, as you lower the levelized costs of solar electricity down to the levelized cost of traditional electricity, the markets just go vertical. When you look over time, the industry is doing dramatically well at reducing costs.That’s even when you take into account some significant challenges, things like polysilicon shortages and other shortages that have popped up as a direct result of a market that has been growing at 35%, 40%, and 50% a year have caused shortages that have increased some costs in the chain. Yet, because of manufacturing efficiencies, conversion efficiencies, and economies of scale, the industry has been able to hold the line on any cost increases and has done pretty well at reducing costs.