Update: NanoTech Engineering's panel was not in fact verified by MIT. Read our update on nanotech's graphene solar panel here.
Nanotech Engineering announced that MIT (Massachusetts Institute of Technology) has verified the technology of its new Nanopanel, a solar panel that is declared as 92% efficient (as opposed to around 20% for traditional large panels).
Nanotech Engineering's Nanopanel is described as a solar panel with layers of Graphene as the base, a carbon nanotube forest on top with a mineral solution that can come in any color to match the home. The panel is slightly thicker and wider than a FedEx envelope, yet stronger than steel, flexible, lightweight, flexible and about half the cost of traditional panels, said Nanotech.
The CEO of Nanotech said, We are pleased to have such a prestigious University verify what we already knew, that our Nanopanel is the next and last generation of solar panels. Nanotech adds that while the nationwide average cost per Watt for Solar is $3.26, the Nanopanel cost per watt is only .55 cents.
Jeffrey Grossman, Professor of Engineering, MIT, said: Pound for pound, the new solar cells produce up to 1,000 times more power than conventional photovoltaics. In their study of graphene for solar panel use, he also stated, Such panels surpass any substance other than reactor-grade uranium in terms of energy produced per pound of material, graphene packs hundreds of times more power per weight than conventional solar cells.