Dr R.K Pachauri, former chair at IPCC takes seat in the board
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- One firm claims it will create solar power 95% cheaper than current systems
- It will do this by using a battery made of a patented metal alloy and hydrogen
- The solar-powered battery can store thermal energy for 100 years, scientists say
- Dish collects 150kW per hour which can be stored and distributed as needed
A major breakthrough in solar technology could produce energy that is cheaper than fossil fuels for the first time. One company has licensed a new system that it claims will create solar power that is 95 per cent cheaper than existing systems – with a single battery able to power 11 homes. A UK-Swedish company known as United Sun Systems has designed the new battery that converts heat from the sun into electricity, which unlike light from the sun, can be stored.
Developers say the solar-powered battery can store thermal energy for 100 years without any waste. The technology is based on a concentrated solar thermal power dish that has a battery at the back made of a patented metal alloy and hydrogen.