New Orleans - Despite oil prices that hover around $100 a barrel, it may take at least 10 or more years of intensive research and development to reduce the cost of solar energy to levels competitive with petroleum, according to an authority on the topic.
Solar can potentially provide all the electricity and fuel we need to power the planet, Harry Gray, Ph.D., scheduled to speak here today at the 235th national meeting of the American Chemical Society (ACS). His presentation, Powering the Planet with Solar Energy, is part of a special symposium arranged by Bruce Bursten, Ph.D., president of the ACS, the world's largest scientific society celebrating the 10th anniversary of the Beckman Scholars Program.
"The Holy Grail of solar research is to use sunlight efficiently and directly to split water into its elemental constituents, hydrogen and oxygen, and then use the hydrogen as a clean fuel," Gray said.
In his talk at the ACS Presidential Symposium, Gray cited the vast potential of solar energy, noting that more energy from sunlight strikes the Earth in one hour than all of the energy consumed on the planet in one year.
The single biggest challenge, Gray said, is reducing costs so that a large-scale shift away from coal, natural gas and other non-renewable sources of electricity makes economic sense. Gray estimated the average cost of photovoltaic energy at 35 to 50 cents per kilowatt-hour. By comparison, other sources are considerably less expensive, with coal and natural gas hovering around 5-6 cents per kilowatt-hour.
Because of its other advantages, being clean and renewable, for instance, solar energy need not match the cost of conventional energy sources, Gray indicated. The breakthrough for solar energy probably will come when scientists reduce the costs of photovoltaic energy to about 10 cents per kilowatt-hour, he added. "Once it reaches that level, large numbers of consumers will start to buy in, driving the per-kilowatt price down even further. I believe we are at least ten years away from photovoltaics being competitive with more traditional forms of energy."
Major challenges include developing cheap solar cells that work without deterioration and reducing the amounts of toxic materials used in the manufacture of these cells. But producing low cost photovoltaics is only a step in the right direction. Chemists also need to focus on the generation of clean fuels at costs that can compete with oil and coal.
