SANTA BARBARA, CA--(June 24, 2015) - CEO of Solar3D, Inc. (SLTD) , a provider of solar power solutions and the developer of a proprietary high efficiency solar cell, today cited a recent study chronicled in an article by Bloomberg Business that details the six trends currently transforming the electricity markets over the next 25 years.
The study, performed by Bloomberg New Energy Finance (BNEF) cites the trillions of dollars already invested and provides a forecast for the renewable energy boom for the global power markets through 2040. One key takeaway highlights falling solar prices that could represent the cheapest form of power by 2026. According to BNEF, $3.7 trillion will be spent on solar investments between now and 2040, accounting for more than one third of new power capacity worldwide. The study also presents data that indicates that by 2040, rooftop solar will be cheaper than electricity from the grid in every major economy, due to the result of high electricity prices.
"This study presents extremely compelling data that supports our outlook of the high-growth solar market of which we conduct our primary business efforts," said Jim Nelson, CEO of Solar3D. "Data such as this provides the market with the insight needed to understand the rapidly growing solar landscape, one that is driven by government spending, economic, and environmental factors. We believe that the Company is well positioned to take advantage of these trends due to our comprehensive offering of solar solutions, and knowledgeable and experienced executive leadership."
About Solar3D, Inc.
Solar3D, a leading provider of solar power solutions, is focused on the design, installation and management of solar power systems for commercial, agricultural and residential customers. Through its wholly owned subsidiaries, Solar3D is one of the fastest growing solar systems providers in California delivering 2.5 kilowatt to multi-megawatt commercial systems. Solar3D's technology division is developing a patent-pending 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. The Solar3D Cell collects sunlight from a wide angle and lets light bounce around in 3-dimensional microstructures on the solar cell surface. The Company's mission is to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies.
To learn more about Solar3D, visit our website at http://www.Solar3D.com.
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