Ariz. Team Seeks Fossil-Fuel Cost Parity, Using Solar Energy Concentrators
autospa writes "A University of Arizona engineering team led by Roger Angel has designed a new type of solar concentrator that uses half the area of solar (PV) cells used by other optical devices and delivers a light output/concentration that is over 1000 times more concentrated before it even hits the cells. This comes as a result of a broader goal to make solar energy cost competitive with fossil fuels (target = 1$/W) without the 'need for government subsidization.'"
Which subsidy is that? The 50% tax on gasoline, or the oil windfall profits tax? http://en.wikipedia.org/wiki/Windfall_profits_tax Oil is the most taxed industry in the US. OK, Cigarettes may have it worse, but I doubt it...