Molybdenum Just Keeps getting Better and Better

IMG Auteur
Published : June 03rd, 2011
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Category : Opinions and Analysis

 

 

 

 

Well this stuff just keeps getting better. Yesterday I was reading about molybdenum and I found out that moly could be the key to the future of clean energy reliance. A couple of scientists found that it could be used to create energy. The best part is that there is no carbon footprint; it extracts hydrogen atoms from oxygen atoms by using sunlight as the power source.

 

While the vast majority of molybdenum is used as an alloying agent in steel production, many new markets for the metal are starting to be discovered. Molybdenum is being used in new CIGS (copper indium gallium selenide) solar panels that are revolutionizing the solar industry. All of these ores are rare earth elements.

 

It was just announced that a group of Swiss scientists from Empa, the Swiss Federal Laboratories for Materials Science and Technology have broken an energy conversion efficiency record for flexible thin-filmphotovoltaic technology called CIGS solar cells. In collaboration with the Swiss solar start-up company,Flisom, Empa has achieved an 18.7 % efficiency for CIGS flexible solar cells, which the lab says was made possible by mounting them on a polymer substrate. According to the lab this broke the record of 17.6 % when mounting the CIGS on steel foil substrates.

 

Solar efficiency is the amount of electricity per square inch that can be gleaned from a solar cell. While traditional silicon cells are generally more efficient that CIGS cells, CIGS cells have some distinct advantages.

 

Flexible CIGS can be made by roll-to-roll processing which means the cells are "printed" or patterned on giant rolls of flexible material, which makes them less expensive to manufacture than traditional cells. Because CIGS can be made flexible and are generally lighter than silicon panels, they offer more options on how they can be installed (like roof shingles), what kind of frames or supports are needed and finally they are much less expensive to ship.

 

It's all about the money. To make solar electricity affordable on a large scale, scientists and engineers worldwide have long been trying to develop a low-cost solar cell, which is both highly efficient and easy to manufacture with high throughput. Now a team at Empa's Laboratory for Thin Film and Photovoltaic’s, has made a major step forward. "The new record value for flexible CIGS solar cells of 18.7% nearly closes the "efficiency gap.” He is convinced that flexible and lightweight CIGS solar cells will have excellent potential to bring about a paradigm shift and to enable low-cost solar electricity in the near future."

 

These panels are thin and flexible, so flexible that they are now making roofing shingles out of them. Imagine putting a roof on your house that would make your home energy independent.  On a much larger scale we are talking about the ability to lower costs of electrical generation dramatically. As such, CIGS photovoltaic systems are starting to take off. Moly’s uses in new energy applications only starts to begin here.

 

The newest and most promising technology, with breakthroughs from researchers at multiple universities, is hydrogen power generation. Traditionally, pure hydrogen is created through two methods. The first is to separate hydrogen from methane and hydrocarbons. This method is counterproductive to ‘clean energy’ simply because the burning of methane to create energy is more efficient than using the hydrogen that is separated from it.

 

The second method is to separate hydrogen atoms from oxygen atoms in water, through a method called electrolysis. In existing electrolysis systems the electrical current is run through a platinum electrode. However, platinum is an extremely expensive metal, and currently valued at $1768.00 per ounce. The use of platinum to economically produce hydrogen is a pipe dream. However, molybdenum may revolutionize what some call the “hydrogen economy.”

 

Researchers at UC Berkeley, as well Swiss scientists at EPFL, are developing molybdenum as a substitute for platinum electrodes. At 70 times cheaper than platinum, molybdenum is rising as an alternative that can perform in either dirty water or salt water. “Our catalyst does not require organic additives, and can operate in neutral water, even if it is dirty, and can operate in sea water, the most abundant source of hydrogen on earth and a natural electrolyte. These qualities make our catalyst ideal for renewable energy.

 

The use of molybdenum in various nano-technologies was covered on Moly Investing News in February. The nano-technology that employs molybdenum in high tech products could make computers smaller, faster and more efficient. There are even inventions where molybdenum nanotech could capture lost heat energy in gas and coal fired power plants which lose 50-70 percent of the energy produced in the form of heat.

 

Undoubtedly this technology is still far from becoming a household reality. In the case of sunlight powered hydrogen generation, they are looking for other catalyst materials to further reduce costs. However, many breakthroughs using molybdenum provide moly with new, diversified markets that could add significant amounts of demand.

 

 

 

 

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George Maniere has an MBA in Finance and 38+ years of market experience, and has learned by experience that hubris equals failure and that the market can remain illogical longer than you can remain solvent. Please post all comments and questions, and feel free to email him at maniereg@gmail.com. He will respond.
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