More and more, we are turning to solar energy as a viable alternative to fossil fuels, whose scarcity and pollutant effects are and will continue to be increasingly problematic in coming years.
Solar energy is cost-effective, environmentally responsible and provides an immediate source of power. From single-family homes to corporations and multinational companies, solar energy is expected to proliferate in the United States and abroad and has already made serious inroads as a replacement for traditional fuel-based power.
What many don’t know is that silver is a primary ingredient in the photovoltaic cells that catch the sun’s rays and transform them into energy. 90 % of crystalline silicon photovoltaic cells (the most common cell) use silver paste and over 100 million ounces of silver are projected for use by solar energy in 2015.
AYN Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held