Berry juice reduces the cost of solar power

May 5th, 2010

A recent article in ScienceDaily reports that scientists at North Carolina’s Wake Forest University have been using the berries from a common weed to create a dye that acts as a sunlight absorber to enhance the performance of low cost solar cells.

This and other developments focused on  higher efficiency photovoltaic cells that can be manufactured at lower costs or very cheap low performance systems are possible technological approaches that could help to prevent developing countries adding to climate change by offering an alternative to cheap fossil fuels. Many of the poorest countries in the world have an abundance of solar energy and available space but lack the financial and social capabilities to harness it.

Even in the developed nations the installation costs of solar generated electricity is so high that until recently the return on investment at the consumer level could take up to 20 years, hardly encouraging wide take-up of the technology. However, as reported in the Guardian in February, the UK government recently introduced new Feed In Tariffs (FIT) that can see households actually making a profit on a standard installation of up to £1000 a year from the power they generate, this will be particularly attractive as cost of commercially generated electricity are set to rise steeply over the next decade. The tariffs are index linked, tax free and guaranteed to continue for 25 years, the only down side is grants for installation are no longer available.

Supporting innovation through investment.

August 25th, 2009

In a recent article in the London Times by Claire Fox, the head of the Ideas Institute in London, she highlights the underlying issues of lack of investment in a production economy and aversion to risk that had over years already weakened the UK economy and made it highly vulnerable to the current financial led crisis as well as undermining the chances of recovery.

She goes on to suggest that the business and political leaders need to encourage people to think on how they can make a difference to the economy going forward and how academic institutes are now fettered in their efforts to come up with new ideas to feed into the economy.

The suggestion that she makes regarding the need for support to pure science and open ended-research is laudable, but while the article does mention investment in productive activity it does not cover the other failing within the UK, which is the failure to provide support to the transformation of research ideas into value; innovation.

The government has indicated the importance of innovation to the future of the UK in the global economy, but persistently places the support for this into the academic community.

Where is the effective support to the startup and SME businesses that need and can make use of these ideas?

Ironically the EU, which is often seen as the bureaucratic equivalent of a ball and chain, is providing support to SME’s who need but can’t afford cutting edge research through one aspect of the Framework 7 programme. However, the total EU budget is a fraction of that in its core research programmes.

The UK lags behind the leaders in Europe as well as Japan and Europe in spending on Innovation. We need to innovate at a faster pace, transforming ideas into value if we are to remain a leader in the world economy and this requires investment.

Economic challenges in the face of the new economic powers

April 16th, 2009

The last year has seen the economies of the western industrialised nations falter then fall to their knees. The woes of the credit crunch with its foundations in the US sub-prime market only exposed the reality of far too much debt at corporate and individual level which has left much of the former economic powers facing deep recession with attendant issues.

Business issues have long faced these old economies as they have seen their manufacturing centres eroded to minimal levels by the cheap labour driven factories of Asia and the Near East. The long held belief by the governments of the western nations has been that the new economies of advanced technologies including the internet and knowledge centric business were their domains and coupled with the on-going growth of the financial services sector would provide growth for decades to come.

The unfortunate reality is that the new economic powers have rapidly engaged these technology centric markets as well, with a highly educated workforce (often educated in the west) and lower cost bases than we can provide. As to the financial services, we are now seeing their power fading significantly.

Therefore, the question for our economies is what next? What will be the basis for the next stage of economic growth that we need to underpin our societies.


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