Silver to hitch ride on solar growth: infographic
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Posted On: 07/12/2015 11:53:42 PM
Silver to hitch ride on solar growth: infographic
Visual Capitalist | July 12, 2015
Solar power to replace coal as world's top electricity source by 2050 — IEA
The increasing use of solar power is expected to have a profound effect on the consumption of silver, expresses a new infographic by Visual Capitalist.
In its latest graphic presentation, the Vancouver-based company notes that "silver's unique properties make it indispensable to industry, and there are more patents issued every year relating to silver than any other metal. With the highest electric conductivity of all metals, silver is essential to solar cells and other electrical-related uses."
"For every gigawatt of solar power, approximately 2.8 million ounces of silver are needed." As the per-kilowatt-hour price of solar becomes more and more competitive with other forms of energy, the increased buildout of solar installations is expected to have a knock-on effect for silver.
Last year Kitco reported blogger Albert Sung saying that to produce 1 gigawatt of power, enough to run 750,000 American homes, about 8.3 million ounces of silver would have to be installed – equal or more than the amounts previously used in the photographic film industry.
The Silver Institute predicts that by 2016, 70 million silver ounces are projected to be used for solar energy.
Courtesy of: Visual Capitalist and Silver.com
Visual Capitalist | July 12, 2015
Solar power to replace coal as world's top electricity source by 2050 — IEA
The increasing use of solar power is expected to have a profound effect on the consumption of silver, expresses a new infographic by Visual Capitalist.
In its latest graphic presentation, the Vancouver-based company notes that "silver's unique properties make it indispensable to industry, and there are more patents issued every year relating to silver than any other metal. With the highest electric conductivity of all metals, silver is essential to solar cells and other electrical-related uses."
"For every gigawatt of solar power, approximately 2.8 million ounces of silver are needed." As the per-kilowatt-hour price of solar becomes more and more competitive with other forms of energy, the increased buildout of solar installations is expected to have a knock-on effect for silver.
Last year Kitco reported blogger Albert Sung saying that to produce 1 gigawatt of power, enough to run 750,000 American homes, about 8.3 million ounces of silver would have to be installed – equal or more than the amounts previously used in the photographic film industry.
The Silver Institute predicts that by 2016, 70 million silver ounces are projected to be used for solar energy.
Courtesy of: Visual Capitalist and Silver.com
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NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'