Solar Power Breakthrough?

I found this article on the website of International Automated Systems, Inc. They claim that they have developed a solar cell system that can power the entire United States. If their claims prove to be correct this is great news. It will be interesting to see if this technology can be easily tapped into our current grid system, and I wonder how this information will impact cash rich oil companies who own several patents on alternative energy sources.

An Aside: Regarding the Chevron article below. Perhaps Congress will hold the oil companies accountable in some way for not disclosing the dangers of diminishing supplies. Perhaps Chevron wants to stand out as the "good guy"?
By the way, oil prices have doubled since 2003.


Solar Power BreakthroughNew Low-Cost Solar Energy May Replace Gas

Will solar energy ever overtake the oil market? The solar revolution may be closer than you think.

Breakthrough solar power technology developed by International Automated Systems, Inc. [IAUS: OTCBB] may become the first solar to compete with gas. Low-cost energy produced by IAUS’s new patented and patent-pending solar technology can be used to generate electricity or produce clean fuels such as hydrogen and green methanol (gasoline replacements) at a competitive price.

IAUS’s unique thin-film solar panels can be produced at a fraction of the cost of today's photovoltaic solar panels. IAUS is on schedule to begin mass production of its solar panels by September 2005. Once in production, IAUS will be able to turn out nearly 200 megawatts of solar panels yearly. Nearly ten times greater capacity than a $100 million photovoltaic fabrication plant.

A solar area of only 100 miles squared- a size of land that equals only nine percent (9%) of the state of Nevada- can generate enough electricity for the entire United States.

"The discovery of economical solar energy is more valuable than oil," said Neldon Johnson, President and CEO of International Automated Systems, Inc. "The sun’s energy is free, clean and virtually unlimited. IAS’s new solar technology is a discovery of historical proportions that we hope will revolutionize energy production throughout the world."

The world energy market is $3 trillion dollars per year. This $3 trillion does not represent nearly 30% of the world without electricity.About International Automated Systems, Inc. (www.iaus.com; IAUS:OB)

Founded in 1988, International Automated Systems, Inc., develops high-technology products for diverse markets such as energy production, wireless communications, consumer purchasing and financial transactions. The company, founded by a former AT&T communications engineer, is based in Salem, Utah.