New Energy: Welcome the Magical Sun

Tag: Solar energy, solar industry

Booming demand

To pursue for a better future, exploitation and utilization of renewable energy especially focusing on solar energy has become a global consensus. Solar energy and its related products are popular among the world.

Statistically, in 2014, the worldwide demand of solar energy amounts to about 44 GW because of the boosting market in Asia and America. EnergyTrend predicts that the worldwide demand, mainly from China, America and Japan, may grow to 51.4 GW with a growth of 16.5%. The demand from new markets will surpass 10 GW emerging a 40% growth.

3 Trends Emerged at 2015 Solar Industry

?  Market Mainstream: High-efficient products

Although manufacturers are actively developing solar technology, the crystalline silicon product is the mainstream in the market. Because of the cheap price, good performance and simple requirements on corollary equipment, polysilicon products are the most popular products in the market. In 2013, the most popular solar cell is 17.2~17.6% polysilicon cell and until 2014, the cells have upgraded to 17.6~17.8%. It predicts that in 2015, the mainstream solar products will require 17.8~18% cells.

?  Next Strong Demand: Energy Storage & Complete Set

With the development of solar power, energy storage is an indispensable developing trend of solar application. However, consumers prefer to buy a complete set rather than a simple storage system. Theoretically, the cost of a family-use solar system which is equipped with storage system will be two times more than a simple complete set; however, thanks to the continuously reducing price of energy storage battery and the support from governments, the cost will amazingly reduce about 40%. With the expanding of solar market and the continuous surge of electricity price, market will have a strong demand on energy storage.

?  New Hotspot: The combination of LED and Solar Energy

You may know the world has a population of 7 billion, but you may not know 35% is still not connected to power network and 1 billion lives in an unstable electric power network which can only supply hours one day. This group of people are called energy poor (Energy Poverty), most from Africa, India and Southeast Asia. Luckily, the genius has invented a lighting which combines the technology of LED and solar energy for the poor group. Energy poverty can use this solar lighting to store solar power in the daylight and light their nights without cost on the electricity. Both the solar photovoltaic and LED lighting are direct current as well as low voltage so there is no need to turn direct current into alternating current when people combine them together. Therefore, the perfect combination of them can largely improve the efficiency of lighting system and achieve energy saving, security.