Even with the ability to convert sunlight into electricity with high efficiency using photovoltaic solar cells, many challenges prevent us from being able to power all our energy needs with solar panels.
Prizes could be used to increase energy efficiency, cost-effectively convert solar energy to electricity, waste reduction efforts, and drive advancements on any number of environmental issues.
Many Westerners believe Japan has no choice but to convert to a market-based capitalist system, one which allocates resources to maximize efficiency, consumer welfare and profits.
During the analyst day, the company announced an efficiency record of 16.1%, which means that panel could convert 16.1% of the light it receives into electricity.