Studying Low Solar Energy Costs
Why have solar energy costs fallen? MIT team awarded U.S. Department of Energy grant to investigate cost reductions in solar energy systems.
October 26, 2016 (Institute for Data, Systems, and Society via MIT News)
“MIT researchers have been awarded a grant of nearly $1.3 million through the U.S. Department of Energy’s SunShot Initiative to study the reasons for solar energy’s rapid and sustained cost decline and how to continue reducing costs in the future…[The study] will examine features of photovoltaic (PV) devices, public policies, and private sector efforts…[and] evaluate the mechanisms driving PV system cost reductions…[by looking at] specific past technological innovations and policies, and prospectively assess PV’s potential for future cost reduction. New datasets and modeling frameworks will provide a comprehensive picture of how specific technology and policy developments have led to the dramatic cost reduction in PV in recent decades…” click here for more