MIT: Energy Ventures 10 Year Anniversary Top 10 Moments - Moment #1
As Sponsors of MIT’s Energy Venture Alumni Event, celebrating the past 10 years, Mintz Levin’s attorneys are taking this opportunity to countdown the top 10 moments in energy which they feel impacted the industry and their practice.
Moment #1: Efficient Solar
The price of solar has plummeted an estimated 70% in the last decade as researchers found ways to make solar not only smaller but more efficient. These improvements have enabled companies like Mintz Levin client Nexamp, Inc., a U.S. solar project developer based in Boston, to capitalize on one of the country’s fastest-growing sources of new power generation as it developed a 50 MW portfolio across the Northeast. Earlier this year, Mitsubishi acquired a significant interest in Nexamp further accelerating its expansion efforts. Advances in solar technology are also enabling companies to provide off-grid solar solutions to the millions of “base-of-the-pyramid” households in the developing world. The rapid evolution of the off-grid solar market is truly transforming the lives of a population gaining access to electrification for the first time. We expect to see continued gains in efficiency and cost-savings as researchers at MIT and elsewhere pursue developments in “tandem” solar cells and test new micro-grid and off-grid solar solutions.
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