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.'"
It's hard to count all the ways our oil economy is supported and subsidized by the government. And we haven't even started cleaning up the mess yet.
If only somebody would invent some sort of device that could store electricity for later use.
Then I could finally ditch the diesel generator I have to drag around to keep my mp3 player running!