A new patents pending solar energy system will soon make it possible to produce electricity at a wholesale cost of 5 cents per kWh. This price is competitive with the wholesale cost of producing electricity using fossil fuels and a fraction of the current cost of solar energy.

XCPV (Xtreme Concentrated Photovoltaics), a system that concentrates the equivalent of more than 1,600 times the sun’s energy onto the world’s most efficient solar cells, was announced today by SUNRGI, a solar energy system designer and developer, at the National Energy Marketers Association’s 11th Annual Global Energy Forum in Washington, DC. The technology will enable power companies, businesses, and residents to produce electricity from solar energy at a lower cost than ever before.

What differentiates SUNRGI’s XCPV system from any other solar energy system includes: a proprietary, integrated low profile technology for concentrating sunlight; a proprietary technology and methodology for cooling solar cells; a low cost, modular system optimized for mass-production; less land area or “roof top” requirements than typical solar energy systems; a technology roadmap for continuous improvement; low-cost field installation; and, a custom-designed system for easy operation and maintenance.