BioSolar Inc. (BSRC.OB) has developed a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells. Through the advanced manipulation of bio-based polymers, the company intends to produce bio-based components that meet the stringent thermal and durability requirements of current solar cell manufacturing processes.
BioSolar is the first company to introduce a new type of cost reduction for the solar industry by replacing petroleum-based plastic solar cell components with durable bio-based components. By removing petroleum-based components entirely from solar cells, the company makes solar energy a true green source of energy.
BioSolar recently stated that it anticipates unprecedented growth and benefits for the solar industry thanks to the recent passage of federal legislation. As part of the Emergency Economic Stabilization Act of 2008, the federal government provided an eight year extension of solar energy tax incentives. This measure should give the solar industry much-needed stability.
The Solar Energy Power Association expects this legislation to create more than 440,000 jobs and generate at least $325 billion in private investment. BioSolar CEO Dr. David Lee said, “By passing this important piece of legislation, Congress is encouraging the growth of renewable energy and the companies across the country, like BioSolar, that support it.”
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