This week, Rayton Solar, Inc. (Rayton Solar), announced it was testing the waters of Regulation A+ through crowdfunding platform, StartEngine. The California-based solar panel company is seeking to attract more investors as it prepares to develop a cost-effective source of energy through essential particle acceleration manufacturing technology.
The company, which previously secured $2.8 million through crowdfunding platform Fundable, stated it has linked particle accelerator technology and solar energy production by creating a silicon cutting technique, which notably has the potential to reduce solar panel manufacturing costs by at least 60% while becoming 25% more efficient.
“Silicon is the most expensive component of a solar panel and Float Zone Silicon (FZ) is 10 times as expensive as the market standard Czochralski Process Silicon (CZ). By reducing wafer thickness to 3 microns and eliminating waste – Rayton is able to utilize FZ economically. No other solar manufacturer in history has been able to economically use FZ, which provides Rayton with the potential to produce up to 24% efficient solar panels.”
The process is shown below.
Rayton Solar also revealed the standard industry manufacturing process wastes half the raw silicon due to the saw blade that is used to cut silicon. Its manufacturing technology solves this project because it is a zero waste process. The company noted:
“Solar energy is the fastest growing source of renewable energy, and the solar panel market is slated to grow from $24.2 billion in 2014 to more than $180 billion by 2021. Rayton Solar’s objective is to create the world’s most cost-effective solar panels to reduce energy costs, offset carbon footprints, and believes it can transform the energy source of the world.”
Andrew Yakub, CEO of Rayton Solar, shared:
“The solar industry has seen tremendous growth over the past couple years and we have reached the point where it is just about to overtake fossil fuels as the least expensive source of energy on the planet. We know solar is the most sustainable energy source for the future of humanity. Solar needs a slight push to get it over that threshold where it can compete with fossil fuels. Rayton Solar’s technology is that push.”
Television personality and scientist, Bill Nye, is also working with Rayton Solar on the project and tested out the company’s technology. Check out his experience.
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