BioSolar Inc. (BSRC.OB) is a company that has developed a breakthrough technology to produce bio-based materials from renewable plant sources, such as cotton and castor beans, which in turn reduces the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce costs.
BioSolar is the first company to reduce costs of solar cells by replacing petroleum-based plastic solar cell components with durable bio-based components. Through the advanced manipulation of bio-based polymers, the company is able to produce robust, bio-based components that meet the stringent thermal and durability requirements of current solar cell manufacturing processes.
BioSolar announced today that the company has developed a new technique to further reduce the cost of its bio-based solar cell component called BioBacksheet. The company’s BioBacksheet product is currently being readied for production and is expected to deliver a 25% reduction in cost when compared to petroleum-based components.
BioSolar has also recently developed a new material configuration and manufacturing technique to produce a version of BioBacksheet that can potentially deliver a 50% reduction in cost. A patent application has been filed for this new invention.
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