Spray-on-solar has been invented. This is like when I first heard about Perpendicular Recording back in 1986 or 88 or so and it took TWENTY YEARS for it to get to market. The first perpendicular recording-based hard drives came out in 2005, to be exact.
The next-gen solar energy technology is there now. The question we should all be asking, persistently, is why does it take so long to get to market?
Maybe it’s relevant or maybe not, but patents typically last 20 years…
It has been invented. What we need now is for the market to get out of the way and let it get produced. I have a strong suspicion that lots of stuff gets “sat on” by industry players until the patent runs out and royalties can no longer be collected. Or, as I said before, it damages existing industries’ profit models. Oil is entrenched; it will not simply give itself up. Plus technology like spray-on solar is, as you said, a front-load cost: after that nobody makes a profit off the energy it generates.
Which do you think investors will see more attractive? An industry that makes endless residual profits off charging $110 BBL with millions of barrels coming out a day into the foreseeable future, or an industry with an ever-decreasing front-load cost that is not backed up by any residual profit? Oil’s going up in price, solar’s going down in price. Hmmmmmmmm. I know what I would invest in if I believed in raw capitalism.
This is not pie-in-the-sky stuff. It exists. The market forces, or more specifically, entrenched corporations with a lot of money to lose, are getting in the way of it being implemented.
You need funding for that. See above. Who’s gonna fund you, except the Government?
Completely replacing power plants is much harder to do. However, a mass roll-out of solar energy would reduce their number drastically. This would make energy less profitable - it would shrink the economic pie by reducing scarcity. As I said in the beginning, this means greatly reduced profits for fossil fuel based energy companies.
The technology exists. It needs more investors to get it to market.
This is where China is in a position to take us down in the energy race - their Government has no problem funding the research for this. Which is part of why a lot of solar tech now comes from China. :mad:
Our own investor community is shooting us in the foot.