Record-High Petroleum Prices Create Opportunity for BioSolar Inc. (BSRC.OB)
BioSolar, Inc. (BSRC.OB), the developer of a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells, recently reported that surging oil prices have generated significant price increases in photovoltaic solar module manufacturing. This is creating a considerable opportunity for BioSolar’s proprietary technology, which dramatically reduces the cost of solar modules by replacing traditional and expensive petroleum-based components with bio-based materials derived from renewable plant sources. Currently, the majority of the solar industry is focused on improving photovoltaic efficiency to reduce costs. In addition, solar cell demand is expected to…