SUNRGI is a company which designs and develops solar energy systems, and they presented their latest project at National Energy Marketers Association’s 11th Annual Global Energy Forum in Washington, DC. They created a technology what could produce electricity from solar power as cheap as coal.

The technology is based on XCPV (Xtreme Concentrated Photovoltaics) which amplifies by 1,600 the energy coming from the Sun. This energy is concentrated on very efficient solar cells which will produce the electricity at a cost of 5 cents per kWh.

Craig Goodman, president of the National Energy Marketers Association, was very excited by this technology and he stated that “Solar Power at 5 cents per kWh would be a world-changing breakthrough. It would make solar generation of electricity as affordable as generation from coal, natural gas or other non-renewable sources, without requiring a subsidy”.

The XCPV technology could “enter on the market” very soon, a fact confirmed by Robert S. Block, co-founder and SUNRGI principal, who said that “in a little more than a year we were able to develop and successfully test XCPV. We expect the SUNRGI system to become available for both on- and off-grid power applications, worldwide, in twelve to fifteen months”.

SUNRGI’s solar energy system is very different than any other ever developed by researchers because it uses a low profile technology for concentrating sunlight and it also has other advantages like a proprietary technology and methodology for cooling solar cells, a low cost, modular system optimized for mass-production, low-cost field installation and a custom-designed system for easy operation and maintenance.