At SolBid, our team consists of hard-working individuals, each with their own unique story. Today, we're delighted to shine a spotlight on Pooja Ramakrishnan, one of our talented Software Engineering Interns.
This Tuesday, the U.S. Department of Energy announced a breakthrough in nuclear fusion technology. Experts have been working on developing a safe, effective way to perform nuclear fusion for 80 years, and a group of scientists in California finally discovered how to harness nuclear fusion in a way that produces more energy than it takes to create.
Solar energy has an interesting history with its first, more primitive uses being as early as the 7th century B.C. The photovoltaic effect was discovered in the year 1839 by French Scientist Edmond Becquerel. Photovoltaic technology as we know it today was officially born in 1954, when Daryl Chaplin, Calvin Fuller, and Gerald Peterson developed the first silicon photovoltaic cell at Bell Labs. Solar panels have come a long way since their invention and have advanced tremendously in recent years.
Disney is taking concrete action to move towards sustainability and mitigate its environmental impact. As a very large consumer of electricity, they are beginning to utilize renewable energy to power their operations. Many of the parks already use geothermal technology for heating, and more and more are looking to solar to further minimize their reliance on non-renewable energy sources. Disneyland Paris is currently working on installing a 17 MW carport project set to be completed in 2023. This project will consist of around 67,000 solar panels, making it one of the largest solar canopies in Europe.
Solar can be a great option for your business, providing a multitude of benefits ranging from lower electric bills to reduced environmental impact. As commercial solar installations become increasingly popular, it is critical to consider all of the financing options. A solar installation can be paid for in three ways: cash, solar loans, or PPAs (power purchase agreements).