Yeah, the article is somewhat misleading if you don't read it carefully. What MIT has actually announced is a breakthrough involving a dramatically more efficient form of electrolysis; this should theoretically combine with solar panels to produce a more efficient system for renewable, localized energy, but it doesn't actually have anything at all to do with solar power specifically -- this tech is applicable to tidal energy, wind power, etc. as well.
Phobophile said:
This is what I was hoping someone would clarify. Photovoltaics are only about 10% efficient and they wanted to use that for electrolysis? I was imagining the efficiency loss until you mentioned they used a different electrolysis method.
Consumer-level panels aren't that good, but
experimental photovoltaic designs have hit efficiency thresholds as high as 40%. This technology is hypothetically mass-produceable and could really take off if it's given a good monetary push. Combining that with this storage breakthrough and the overall efficiency will be way up from what somone putting in panels
today is looking at.
EDIT: I'm not actually worried about this sort of thing getting cockblocked by Big Energy. Historically, things like electric cars have gotten shut down due to a combination of factors: they presented a benefit people didn't really need yet on an individual level (because gas was so cheap) and which would only benefit society as a whole way down the line, they required a new infrastructure that no one was in the position to implement easily, and the people who would have pushed the technology (the car companies) were more than willing to stick to their existing, profitable business model and bury the tech.
In this case, the end goal of developing this line of technology is to create efficient, self-contained power systems that can be incorporated directly into individual buildings. Big business can't really do much against that because for every business that wants it stopped (current Big Power), there's some other business that wants to make a
goddamn fuckton of money rolling it out and selling it. If this sort of thing works, it could be like the Wii of electricity.