A company named 1366tech has devised a way of manufacturing solar panels that could reduce their cost by forty percent, it has been reported.
Typically solar panels are created by cutting large sheets of silicon into small wafers. This process wastes nearly half of the silicon. 1366tech uses a different approach, making their silicon wafers at directly at the the small size used in solar panels (6 inches by 6 inches), and thereby eliminating excess silicon.
Their technique however, has not yet been commercialized, meaning it has not yet been proven in the marketplace, where it needs to happen to be a real-world breakthrough. Still, their work is very promising. They also have made some changes to the wafers themselves which they say have increased their electricity generating capacity.