By adding dynamic spin to PV, two of the major challenges of the solar industry can be solved:
1. High sun concentration with no heat issue
2. Lower Levelized Cost of Energy to compete with fossil fuels on price
On average, solar has grown by 35% per year over the last decade. Impressive. But it still accounts for less than 1% of energy production worldwide. By lowering the price, increasing the production, and creating "solar art", V3Solar aims to compete directly in the $6 trillion energy market, not just the $100 billion solar market.
Great products do two things: solve problems and save money. The best products are also beautiful. The Spin Cell does all three and in the world's largest and most lucrative market -- energy.
The Spin Cell is solar art combined with high performance. With the introduction of CoolSpin, some passionate fans were concerned that the beautiful design was being abandoned for ease of production. The Spin Cell is the heart of V3Solar. All other inventions will "spin off" from this core technology.
The Company patents cover every spinning form factor that is populated with PV under concentration. This provides latitude for future inventions and significant upside value to our stakeholders.
The Spin Cell fundamentally changes the solar industry. Instead of having 20 flat panels, which change the entire look and feel of your home, you can have a beautiful "power pole" with four Spin Cells placed anywhere in your yard. No roof penetration. No building or fire permits. No need to analyze every roof angle and material. We simply drill a hole and install a pole -- a whole new spin on residential solar!
The Spin Cell has myriad applications where design is at a premium. An airport in Finland, a soccer stadium in Poland, a design firm in Italy...they all want the Spin Cell because it is solar art with commercial results.
CoolSpin is practical, simple, and cost effective. Designed to get to market quickly, it incorporates some of the key aspects of the Spin Cell, while fitting inside of a traditional flat panel footprint. It will go side by side with an industry standard 200W flat panel, but at a lower cost per watt. The CoolSpin product range will provide the company with revenue, profit and market share as we continue to develop the Spin Cell.
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