I would hazard a guess and say that US power companies account for close to 100% of power generation in the US...
Those companies are heavily regulated. In fact, they are forced to buy electricity from you if you have a means to generate some.
More importantly, why would a US power company not want to get into the solar energy business? You're comment is illogical.
Not at all. While it's true that power companies need to buy back electricity from a consumer, this will probably only last as long as home grown electricity generation is costly and complicated (having solar panels on your roof can even effect your home insurance). And while it's true that it's possible that for the time being this stuff might be beyond the scope of an average home owner, how long do you think it will be before this film can be bought at home depot? Now, I'm feeling kind of optimistic today so say that if this stuff does work as advertised and if it does become cheap enough where we see Norm installing it on This Old House, power companies will probably ask the legislature in each state to let them off the hook for paying for home generated power.
Or they could stifle it somehow...whichever is cheaper for them.
It's the end of the world as we know it, and I feel fine
The net-metering clause in Hawaii's power regulations states that it only applies so long as co-generation produces less than 1/10th of 1% of the system's capacity. Cute, eh?
Cute indeed...like the old saying goes, "never come between a dog and its meat".
It's the end of the world as we know it, and I feel fine
...this will probably only last as long as home grown electricity generation is costly and complicated...
What, and the laws will suddenly and miraculously change?
...if it does become cheap enough where we see Norm installing it on This Old House, power companies will probably ask the legislature in each state to let them off the hook for paying for home generated power
Let me try to be a bit clearer: I was using the example of being forced to purchase off-grid power merely to illustrate the fact that energy companies cannot simply do whatever they feel like doing. The more important idea that I wanted you to keep in mind was contained in my question, "why would a US power company not want to get into the solar energy business?" If it's true that the capital costs of these new solar cells (which I should note are being marketed for industrial installations, not for household use) is comparable with constructing a coal plant, why wouldn't an electric company want to invest in a solar plant rather than a new coal plant? Unlike coal the cost of sunshine is constant, after all.
Utilities and other companies tend to think differently about which kind of plant they want. Looking at some statistics from September:
Electricity Generation by Fuel, %, Sept 07
US Total US Utilities
Coal 47.8 59.8
Natural Gas 24.7 14.7
Nuclear 19.0 17.4
Oil 1.0 1.4
Hydro 4.1 6.4
Wood 0.91 0.08
Wind 0.74 0.17
Waste 0.40 0.05
Geothermal 0.35 0.04
Solar 0.0196 0.0005
Other Renewable 2.4 0.3
Other 0.32 0.02
Utilities strongly avoid alternative energy relative to other energy companies, with the only bright spot being a low reliance on natural gas. A lot of this comes from the responsibility of a utility to assure that the system doesn't collapse, which gives them the responsibility to maintain reserve generating capacity. They need power which they will know will be available at demand peaks. If you're going to supply power from wind, you need a storage project (usually pumped storage hydroelectric) as well to assure that the power is available when you need it. Where we've had deregulation, generally a non-utility wind power producer gets a free ride by not having to assure that the power is available when needed.
It's unclear how this effects solar energy, since solar energy output will peak during the summer peak demand times, but the very rare but worst electricity capacity crises usually occur in the winter as a combination blow with a natural gas pipeline capacity shortage.
The article actually claims that organic solar panels will be cost competitive "within 5 years", which is exactly the same thing I remember reading about them 3 years ago. It makes no claims that they are cost-competitive now.
The majority of our current problems with electric supply stem from the freeze in coal sulfur emissions. This made coal plants more expensive, causing power producers to turn to natural gas plants instead, which resulted in a shortage of natural gas and sharp spikes in natural gas prices. In September 07, 24.7% of US electric power was produced from natural gas, up from 21.8% in Sept 06, and this is way above where it was about 5-10 years ago.
Our electricity policies do make oil availability significantly worse, chiefly through its use of natural gas, which in addition to competing directly with oil in the space heating market, can also be used quite easily to power vehicles.
With recently increased natural gas prices, coal is once again the low cost source of electric power, and don't expect any movement from this until we see greenhouse warming legislation. Power companies are expecting this to come as a freeze as and then a gradual reduction, which will reward power companies for having CO2 emitting plants in place at the time it is passed with tradeable grandfathered emission permits, so the prospect of greenhouse warming legislation is actually a government incentive to emit more CO2 at the present time.
From looking at the current distribution of plants, it should be obvious that the preferred low-cost non-CO2-emitting power plant technology of power companies is nuclear power. I would think that cellulose-waste burning plants ought to be even more profitable, especially if used to produce hydrogen as a byproduct for petroleum refining or the generation of gasoline from coal. Wind power is very competitive now as well, but the best sites are mostly in northern Canada, and would require a long-distance power transfer network to be built.
For solar energy, at the present time it is clearly far cheaper to use concentrated solar energy to drive a heat engine to generate electricity than it is to use photovoltaics, and costs for will go down a lot farther with mass production, but despite this concentrated solar power seems to receive very little attention.
"Indeed, it is so light it can be stuck to the sides of buildings."
While the costs are comparable to constructing a coal plan for now, they most certainly will drop over time (did you know that a "cell phone" in the early 80s cost something like 4 grand?). My question is this: If a technology becomes so cheap that everyone can just slap it up on their home and produce something that used to be expensive, would a business invest tons of money to build a plant that will make a product that folks can get for free?
Now, I can give a tentative answer of yes if you need yards and yards of the stuff to create any appreciable amount of power. If the installation requires a vast acreage of room, then it will probably remain outside of the scope of the small user and you are correct. However, if it becomes cheap enough to slap on fat people (according to Steve), then I stand by what I meant originally that power companies will make a fuss over anything that could put them out of business.
It's the end of the world as we know it, and I feel fine
If a technology becomes so cheap that everyone can just slap it up on their home and produce something that used to be expensive, would a business invest tons of money to build a plant that will make a product that folks can get for free?
Mostly for 24x7x365 capacity. See my comment below for a link to an article that explains the type of technologies that are needed to store electricity. People who currently use off-grid solar get their nighttime/rainy-day power either from the grid (producing and selling excess during the day, then buying it back at night) or by using on-site storage in the form of batteries, which are quite expensive.
"Why would a US power company not want to get into the solar energy business?" Because they have common ownership with companies that mine coal or drill for natural gas?
"Those companies are heavily regulated." If only they were free to buy Congressmen and Senators like other energy companies...