BXBX NOVEL Chapter 107 SolaraTech Corporation is a Threat Part 2
Chen\'s journey from a modest engineer to a titan of the solar industry was marked by breakthroughs and innovations that significantly lowered the cost of solar energy, making it more accessible and competitive with traditional energy sources. Under his leadership, CinkoSolar had grown from a startup into a multinational corporation, with operations and projects spanning across the globe.
As he stood in his penthouse, Chen reflected on the path that had brought him here. The walls of his office were lined with awards and patents, each one a milestone in his company\'s history and his personal legacy. Yet, despite his achievements, Chen remained focused on the challenges and opportunities that lay ahead.
The global energy landscape was shifting, with renewable sources like solar power playing an increasingly crucial role in meeting the world\'s energy needs. Governments and corporations alike were seeking sustainable alternatives to fossil fuels, driven by environmental concerns and the promise of a cleaner, greener future.
However, there is another company that shares the renewable energy spotlight, SolaraTech Corporation, which has recently been gaining traction with its innovative solar panel technology. This technology boasts an efficiency rate that challenges the current standards, pushing the boundaries of what solar energy can achieve.
He found SolaraTech as a threat to his business. His solar panels only have 15 to 25 percent efficiency and the price of the solar panel that SolaraTech is selling is priced competitively, forcing consumers to choose SolaraTech over CinkoSolar. "Something must be done…" Chen muttered under his breath. He doesn\'t want the Empire he created through solar panels to be toppled by someone from the Philippines, especially from a college student.
Just as Chen was lost in his thoughts, the door to his penthouse swung open, and in walked his Chief Engineer, Liang Zhao.
"Mr. Wei. I have come here with the report on the analysis of SolaraTech Solar Panel," he said as he closed the door behind him.
"So, what was your analysis Liang Zhao, standing confidently yet with a hint of concern in his expression, set a thick folder on Chen\'s desk.
"Mr. Wei, after a thorough analysis of SolaraTech\'s solar panel technology, it\'s clear we\'re facing a highly advanced competitor."
Chen leaned forward, eager to understand the details. "Tell me more," he urged.
Liang opened the folder, revealing pages filled with technical diagrams and data analysis. "Firstly, their use of multi-junction quantum dot layers is unprecedented in the industry. This allows their panels to capture a broader spectrum of sunlight with remarkable efficiency. Our current technology cannot match this without significant research and development in quantum dot engineering."
He turned the page to the next section. "Moreover, their nano-photonic waveguide surface significantly enhances light absorption while reducing reflection losses. This level of precision in light management is achieved through advanced nano-lithography techniques, equipment for which requires a substantial investment."
Chen frowned slightly, absorbing the implications. "And the thermoelectric conversion interface?"
"That\'s another area where they excel," Liang continued. "Their use of atomically engineered bismuth telluride to convert thermal energy into additional electrical power sets a new standard for dual-mode energy conversion. Again, adopting this technology would necessitate a considerable update to our manufacturing processes."
Chen\'s gaze then fell on the section about the adaptive spectrum resonance coating. "And this?" he inquired.
Liang nodded, "This dynamic coating adjusts its properties in real-time to optimize light absorption under any condition. It\'s a sophisticated application of materials science that we\'ve yet to explore fully." n/ô/vel/b//jn dot c//om
Finally, Liang addressed the integrated micro-inverters and durability features. "Their panels come with built-in micro-inverters, reducing energy conversion losses, and are designed for extreme environmental adaptability. This combination of efficiency and durability is highly attractive to consumers."
Chen sat back, processing the information. "So, in essence, without the specific machines for fabrication and manufacturing, not to mention the research behind these technologies, we can\'t simply replicate what SolaraTech has achieved."
"Correct," Liang confirmed. "To compete, we would need to invest heavily in R&D and upgrade our manufacturing capabilities. It\'s a substantial undertaking, but it\'s not guaranteed. We know how the technology works but we don\'t know how to build the machines needed for such precise manufacturing," Liang finished, closing the folder with a sense of finality.
"So you\'re telling me that a college student from the Philippines has managed to invent this solar panel better than us?" Chen\'s voice carried a mix of disbelief and frustration. Liang Zhao met his gaze steadily, understanding the gravity of what this meant for their company. "Yes, Mr. Wei. The technology SolaraTech developed under Michael Reyes\' leadership is groundbreaking. Their approach to solar energy conversion is not just innovative; it\'s disruptive. I heard some words that we are losing our market shares all around the world as they favor SolaraTech over us," Liang admitted, concern lacing his voice.
Chen leaned forward, resting his elbows on the desk, his hands clasped together. "And our stocks are dropping. Not drastically, but consistently. It seems investors are starting to hedge their bets on the future of energy, and right now, that future appears to be leaning toward solar technologies like those developed by SolaraTech. They are a threat that must be dealt with."
"But why are they pulling out their investments over something to a company that is not even publicly listed?"
"It\'s not just about the technology itself, Liang. It\'s about the direction the market is heading. SolaraTech, despite not being publicly listed, has garnered significant attention from governments, environmental groups, and private investors. Their advancements are seen as a leap toward achieving global sustainability goals. This perception is influencing the market, and unfortunately, it\'s affecting our stocks."
"Looks like we\'ll have to resort to some tactics," Liang said. "The founder is just a Filipino, they must have a weak IT infrastructure."
"I\'m already considering that. No matter what it takes, we must be able to copy the SolaraTech solar panel and produce it on a scale that the world will forget SolaraTech even existed."