Concentrating Photo Voltage Modules Reduce 30% of the Cost of Power Generation; NTU's Team Wins First Prize of TIC 100's Technology Group
The MxTac Dream Team, comprised of students from various departments of NTU, participated in the entrepreneurship competition of TIC 100 Awards. After a whole year's strenuous efforts, this team won the first prize in the Technology Group. Using simple principles of the lens, coupled with lower cost optical components, the MxTac dream team was able to concentrate photo voltage evenly on solar cells. Applied industrially, this method is estimated to reduce 30% the cost of electricity generation.
The Dream Team was composed of eight members, and led by Jason Wang, a student of the Department of Business Administration. In a full year's marathon style race, the team had to constantly come up with new imagination and creativity. After countless heated discussions, the team finally decided to choose "Concentrating Photo Voltage Modules" as its entry for the competition. The special feature of this product lies in the structural change of the traditional solar modules without altering the present industrial supply chain Since in the prevailing industrial applications the solar cells account for 70% of the total cost of solar power, and silicon, the main ingredient in solar power generation will be in short supply until the year 2010, the cost advantage of the "Concentrating Photo Voltage Modules" lends itself easily into the market in that the new product can reduce the volume of solar cell consumption by 90%.
In the past year the winning team members had to squeeze spare time from their busy curriculum which was loaded with report-writing and exams. But, on the other hand, they were able to gain valuable experiences which could not be learned in the classrooms. After winning the first prize, the MxTac Dream Team wants to particularly thank Professor Ming-Huarng Chiang of the Department of Business Administration who had been providing assistance all along the way, Professor Bin-Juine Huang and his research team of the Department of Mechanical Engineering, Associate Professor Hsuen-Li Chen of the Department of Materials Science and his research team, Professor Chun-yao Huang of the Department of Business Administration, Professor Ruey-Beei Wu, Head of the Department of Electrical Engineering, and many others who had been helping them in their quest of winning the competition.