A Bright Future

Oil prices continue to rise, and this is obviously not going to stop. There may be pullbacks over the next couple of years but the end result is inevitable: Oil is not a reusable compdity and so with supply and demand, eventually it will cost more than anyone can afford. The big shocker is that this "eventually" may be coming a lot faster than people think. The only answer to this oil crysis is to find an alternative source of energy that is viable for the economy. One fantastic, reusable, and free form of power can be found at the very center of our solar system; the sun.

There are many great companies that manufacture solar panels and focus their research on sunlight however one such company goes above and beyond.

SunPower Corporation designs and manufactures high-efficiency silicon solar cells and solar panels based on an all-back-contact "All-Black" design. SunPower has recently announced a number of projects around the world that utilize its patented solar tracker technology. The company maintains a market-leading position in Spain with more than 61 megawatts installed or under construction; recently completed a 2.2-megawatt solar power plant in Mungyeong, Korea; and the largest solar installation in the U.S., the 15-megawatt Nellis Solar Power Plant in Nevada. PowerLight, a subsidiary of SunPower, is a leading global provider of large-scale solar power systems, with over 210 million kWh generated by its customers SunPower is publicly traded on the NASDAQ as (spwr).

Along with an aggressive business plan for the upcoming years they add, "We will compete with retail electric rates by reducing system cost by 50% by 2012," earning themselves the innovative award for economical compatibility. Over time, the company will grow and prosper even more from the oil turmoil allowing them to develop new technology and develop their products even further. SunPower Corporation is right on track in todays world.