by Flemming Funch
US Dept. of Energy: ...with DOE funding, a concentrator solar cell produced by Boeing-Spectrolab has recently achieved a world-record conversion efficiency of 40.7 percent, establishing a new milestone in sunlight-to-electricity performance. This breakthrough may lead to systems with an installation cost of only $3 per watt, producing electricity at a cost of 8-10 cents per kilowatt/hour, making solar electricity a more cost-competitive and integral part of our nation’s energy mix. That's very good news. But there's something kind of perverted about converting it to a cost per kWh, as if that makes it an even comparison with pumping oil out of the ground and burning it. Anyway, as somebody on Slashdot calculates, that should mean that a square 265 miles on a side in the American southwest could handle the whole world's energy needs.
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