Found this today, wow, here is a way to solve the oil crisis. Can you see this used in a residential or remote application?? Any other application ideas? Solar power breakthroughs SUNRGI 7 cents per kwh 2009 and Israel Solar Power 100 times lower cost SUNRGI's "concentrated photovoltaic" system relies on lenses to magnify sunlight 2,000 times, letting it produce as much electricity as standard panels with a far smaller system. They say they'll start producing solar panels by mid-2009 that will generate electricity for about 7 cents a kilowatt hour, including installation. In terms of Scott Adams idea that Israel with 100 times cheaper solar power could break the Middle East oil stranglehold. The Israeli government announced its support for a broad effort to promote the use of electric cars, embracing a joint venture between an American-Israeli entrepreneur and Renault, of France, and its partner, Nissan Motor, of Japan. The idea, said Shai Agassi, 39, the software entrepreneur behind the new company, is to sell electric car transportation on the model of the cellphone. Purchasers get subsidized hardware - the car - and pay a monthly fee for expected mileage, like minutes on a cellphone plan, eliminating concerns about the fluctuating price of gasoline. Part of the global effort is the development of ultrabattery (cheaper, higher performance, longer lasting battery/supercapacitor combinations. Solar panels generate electricity when photons in sunlight knock loose electrons in silicon or another semiconductor. Other concentrated photovoltaic makers magnify sunlight about 500 times. SUNRGI says it can multiply that by four because it has a system to instantly cool its germanium-based semiconductor from 3,300 degrees to 20 degrees above ambient temperature. High temperatures can melt a solar cell. Also pushing down costs are a highly efficient semiconductor that converts 37% of the sunlight to electricity, more than double the industry average. The unit's compact size allows it to be made at electronics or PC factories, avoiding the need to build new plants.