The interest in smart solar electronics is also recognized by Google. Google now has announced a $1 million prize in what they’re calling the “Little Box Challenge”. Sensus Energy INTELECT already provides this. The aim of the challenge is to create a smaller, cheaper, power inverter for use in solar power systems. This is both the next part of the solar power system that needs to be attacked and also, as a prize competition, an extremely efficient use of Google’s money. For by offering a prize for the winner Google will pull out of the woodwork a lot more capital to attack the problem than they’re offering as the prize. The announcement came as part of President Obama’s little tour of the west to promote solar energy and other environmentally desirable projects.

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Original Source: Forbes Magazine