Solar Cell Inventor Wins Millennium Prize

adeelarshad82 writes "The inventor of a new type of solar cell won the Finnish state and industry-funded, €800,000 ($1.07 million), Millennium Technology Prize. According to the foundation, Michael Graetzel's dye-sensitized solar cells, known as Graetzel cells, could be a significant contributor to the future energy technologies due to their excellent price-performance ratio."

Comments

Re:Decrease, not increase

[Fluffeh]

I still think we should decrease our use of energy, instead of inventing new ways to increase its production. Dr. Pekka Paisti

You are right. And naive.

Hmmm, what a funny two first posts. Both are totally correct, yet at polar opposites.

Yes, we should decrease the amount of power we use. I totally agree, yet, the chances of getting the average consumer to actually do so, keep dreaming. As long as people keep coming up with power hungry devices that people want (read: air conditioners, plasma TVs, faster PCs and just about every other imaginable device), people will in fact keep buying them. Will they pay vastly larger sums for them if they are power efficient? Unlikely, some might, most won't. Will they put up with lower/smaller/decreased functionality? Again, some might, most won't.

I totally support using less power (my own electricity bill for example comes from 100% wind energy, which costs a good deal more than normal coal fired here in Australia) but I welcome any steps that are taken to make the overall impact of the "sheep consumers" less on the environment.

Re:Decrease, not increase

[Firethorn]

Investing in insulation is ten times cheaper than buying energy. a passive house has been build in very cold climates.

Investing in insulation is only 10X cheaper than buying energy if you don't already have a significant amount of insulation.

Let's take a house, generic. Let's disregard doors, windows, or perhaps we assume that we upgrade them as well.

The house, with NO insulation, costs Y energy to keep warm.
With X insulation, it costs Y. If X is 1000 and Y is 1000/year,
With 2X insulation, cost is Y/2, That next 1000 makes Y 500, and your payoff of the extra insulation is 2 years.
With 4X insulation, cost is Y/4, the marginal return on the second 2X amount of insulation(costing 2000) is 250, payoff is 8 years.
With 8X the insulation, cost is y/8, or 125 saved. For 4k cost. With a 32 year payoff without cost of capital, you're better off investing in the energy company; a decent return will pay your remaining bill perpetually.

Now, yes, the formula is more complicated - 8X the money spent on insulation won't actually get you 8X the insulating values, especially in a refit scenario - you have to make the walls thicker at that point, and maybe even raise the roof. There are practical limits on windows and doors, especially when you open them. There's also a certain amount of 'free' heat that is generally available. Every person is like 100 watts just sitting there. You need a certain amount of fresh air flow.

And I say this as a libertarian survivalist type who likes the idea of not being dependent upon the grid. I just acknowledge that there are costs that don't make financial sense. Call it being warped by my upbringing - both my parents are accountants. I was doing cost of capital analysis before I knew what it was called. ;)