The report addresses some key concepts when it comes to implementation of nanotechnology in the PV sector and for energy storage, these are:
1. THE RATE OF INNOVATION IN THE SOLAR INDUSTRY
The International Electrotechnical Commission outlines that the rate of innovation is a key determinant how quickly nanotechnologies will be implemented, for example in the case of hydrogen storage.
The rate of publications in scientific journals is also viewed as key determinant how fast nanotechnologies will be implemented in the PV sector and for energy storage. Research in emerging PV has grown the most. Until very recently, most research in the PV field came from the U.S. and Europe, although China has picked up markedly in the years after this report by the International Electrotechnical Commission was published.
2. THE GROWING MARKET SHARE OF SOLAR ENERGY
How quickly nanotechnology will catch on is related to the growth rate of solar energy, how enthusiastically the market embraces solar energy. Economies of scale are an important factor in determining how useful nanotechnologies come to be.
3. COST REDUCTIONS PER UNIT FOR SOLAR MODULES
As the share of renewable energy in energy production grows, costs will come down and the market for nanotechnologies in the PV sector and energy storage will grow accordingly.
4. REFERENCES: NANOTECHNOLOGY IN THE SOLAR INDUSTRY
For more information about the IEC paper, please read on:
ANSI, published on 03.04.20214, available at: Nanotechnology May Be Key to Solar Energy and Energy Storage (ansi.org).
The paper was available on the International Electrotechnical Commission (IEC) website, and more information can be found on their homepage: Homepage | IEC. The paper had been published by the IEC and the Fraunhofer Institute for Systems and Innovation Research (ISI).
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