Google invested one million US dollars to enter the solar inverter industry

May 13 news, the western city of San Francisco is the American Democratic Party fundraising • US President Barack Obama (Barack Obama) a few days ago in a Wal-Mart store on 200 employees and invited attendees announced his new energy plan, and some major retailers including Wal-Mart already has responded that they doubled their number of solar panels installed in the store.

It is reported that the White House released later this 11-page speech also referred to a message on Google, that is, the company said it is willing to pay $ 1 million held in a file named "Little Box Challenge" Challenge, The aim is to develop a low-cost solar inverter.
Solar inverter mainly refers to the direct current by a solar power systems, (photovoltaic panels) produced by the device into an alternating current. And after successfully converted into alternating current, including the iPhone, electric vehicles and almost all electronic devices will be able to use this new energy.
It should be noted that, although the price of solar panels has dropped by 75 percent in recent years, but solar power inverter prices are still high, the huge volume of equipment, and the entire solar system is one of the most expensive equipment.
"By 2030, about 80% of electricity will be generated by the inverter, and other power systems, so this equipment is very important for the future of electric power infrastructure is concerned. We hope that a substantial reduction in the current of the inverter through this initiative price, thereby reducing the cost to set up the entire solar power system, while improving energy efficiency. Of course, this is not an easy task, and cannot be done overnight. But the winner of this event will likely dramatically change the future the entire power system. "Google wrote in his statement.
Indeed, compared to Google for $ 1 billion investment such as wind farms, solar plants and other renewable energy projects are concerned; the company for the "Little Box Challenge" Challenge $ 1 million investment can be described as insignificant.
However, if this event a success inspired the design innovation in this field, and significantly reduces the cost of solar panel systems and erecting barriers in remote areas, then this small solar inverter or the real solar system in the US popularity within the range possible.
Former Deputy Minister of the Department of Energy, has joined Google • Dr. Ma Zongda Allen (Arun Majumdar), said: "from this activity is expected to stimulate innovation will make renewable energy easier to use, but also will greatly enhance the electric car The energy consumption ratio. "