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35% efficency Solar sytem is viable ,price of electricity less than fossile fuel

/ The Israeli Company, Millennium Electric T.O.U, which is dealing for many years in developing, designing, manufacturing and installation of PV solar systems in Israel and worldwide, with about 30 megawatts installed up until today, has developed a solar (PV) and thermal system using a Multi Solar Collector, which contains PV cells that are cooled by water and air. The Multi Solar Collector enables power generation of up to 30% more than a normal PV collector, and produces thermal energy (hot water and hot air) as well. These systems work at several sites in Israel and abroad for many years.

Millennium Electric has developed an innovative system that is even more unique, which uses the thermal energy generated as a result of cooling of the PV cells in the Multi Solar Collectors, for purpose of electricity generation using an integrated circuit (Co-Generation) with a steam turbine. The system has a very high efficiency and the costs of its electricity production are very competitive, even in comparison of conventional electricity production methods, up to 35 percent (15 percent for electricity and 20 percent of photovoltaic electricity steam).

Millennium Electric's team has professionals with extensive experience and knowledge in the field of solar energy and PV. All technical aspects are led by the company's president and CEO -, Mr. Ami Elazari, which is known worldwide as an expert in solar energy and is a consultant of the EEC in energy subjects (in the seventh plan).

The Multi Solar systems for PV and thermal electricity production using the co-generation, can be one of the most efficient solar systems for electricity production because the investment in the electricity production of the steam is a tenth of the investment in the whole system, but doubles the amount of energy produced from the system. This system could put Israel on the map in the field of global solar energy innovations.
35% efficency Solar sytem is viable ,price of electricity less than fossile fuel

Millennium Electric conducted an experiment on 14 June 2011 in Millennium's test site in Kfar Saba and was first able to run an Infinity low pressure, low temperature turbine working in the co-generation circuit using Millennium's Multi Solar panels. The experiment was conducted in collaboration with one of the world's largest electronics and energy companies.
Millennium Electric has another test site in Herzliya, in which a performance experiment is carried out for the MSS collectors, with the investment of the same large electronics and energy company that is both a panel manufacturer and energy company, with the aim to get a production license.
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