This is especially the case when it comes to trying to make solar energy achieve price parity, if not an even lower price, than traditional fossil fuels such as coal and natural gas. This is because at this point, larger renewable energy projects than ever would become feasible.
A report in California's Whittier Daily News featured some efforts involving local high school students from Pasadena who are working with researchers at CalTech on new solar technologies.
According to the newspaper, the students are testing different combinations of chemical compounds to determine if any have the potential to provide highly efficient low-cost solar energy.
A number of improvements to traditional solar technology have already begun to hit the market, including ultra-thin products that raise the potential for use on buildings and even in portable electronic applications.