SWOT analysis: SunEdison
Strength
The cost of solar panels has dropped 75% in the last six years. (Sunedison.com)
The performance of solar panels has also increased by 50% in the last six years. (Sunedison.com)
According to their website, they are very innovative. Their latest innovation is a technology called “high pressure fluidized bed reactor” that produces “the world’s most cost-effective silicon, which is the key ingredient in solar panels.” (Sunedison.com)
SunEdison puts their “ideas into actions.” In 2014 they built the largest solar plant in South America, which generates enough energy to power 20,000 homes. (Sunedison.com)
SunEdison also focuses on doing well for the community. Their latest project is to bring solar electricity
…show more content…
(energymatters.com.au)
“A lot of scope for engineering innovation in process heat application.” (Patil, 2015)
Trends in clean energy. ( Pernick, 2015)
Threats
People don’t want to spend the time or money putting up solar powered panels in their homes. It would seem like too much of an effort.
Unexpected climate changes and global warming. (epa.gov)
The average person has less of a desire to use solar energy.
Threats of new competitors. (nasdaq.com)
Threats of substitutes for solar power especially if there are cheaper alternatives. (greenrhinoenergy.com)
Competition with existing competitors. Which according to nasdaq.com are companies such as actions semiconductor Co, Altera Corporation and more. (nasdaq.com)
Applying the SWOT analysis SunEdison as a company has many strengths that can help them grow and become more successful. The fact that the cost for solar panels have dropped by 75% in cost and increased by 50% in effectiveness in only the past six years is a great strength, because many people want to be more earth friendly but don’t want to pay a fortune. Solar power energy is a growing business, and for all the weaknesses and threats they have, there are strengths and opportunities. Personally, I believe that their website is a great strength. The internet is how everyone finds out their information nowadays and spending time on making their website very easy to use and appealing will continue to help them. For example, a weakness
installing solar panels are changing tastes and preferences of consumer. As Energy Sage (n.d.) stated,
Solar panels don’t burn, instead they harness the suns power which turns it into an electrical current.
Deciding to start a business is brave and adventurous. The first step to success is a brilliant, viable, profitable idea. Whether you have decided to do it on your own because you are tired of working for someone else, or you are laid off after many years in your organization, before you decide to invest your life savings and get buried in debt, consider the big picture, the current economy, your demographic target consumer and do your research. The idea of solar energy is one such brilliant, viable idea. True the demand is present for such energy, but before taking the leap, consider the market saturation, competition, governmental rules and regulations and other determent factor that will influence the success of your
The SunPower Company is an up and coming manufacturer and seller of photovoltaic (PV) panels. As a young company with a strong desire for innovation they operate in an atmosphere where competition is very high and SunPower and the competition continue to fight for market shares. For SunPower management team to promote its growth will need to make sound decisions to ensure it stays competitive with the market. As seen in 2008, with other solar companies already dominating the market, increasing sales was an imperative goal to achieve its main objective to maximize profit.
Solar energy and its use isn’t new to the world. It has been used by various societies beginning from 7thCentury B.C, when the sun’s heat was concentrated by glass and mirrors to light fires. Today, we have everything from solar-powered buildings to solar-powered vehicles. By and large solar technology has some environmental, economic, psychological and ethical implications for our society. Actions taken by companies and individuals to increase the use of solar technology will create good local jobs, improve our environment and reduce our dependence on foreign oil while doing what’s ethical and moral for our society.
Solar power is also being used in the US Military and even some weapons too.
Sunpower Corporation is an American solar energy company which manufactures, designs and deliver high efficiency solar solutions for homes, businesses and utilities by being a global solar energy solutions company and technology leader. Sunpower was founded in 1985 by Dr. Richard Swanson, a professor of electrical engineering at Stanford University and its headquarters situated in San Jose, California, and the Company also operates in Africa, Europe, Asia, Australia, South America and North America. The main goal of the company was to commercialize solar concentrator technology. (Sunpower Corporation, 2016; SRI World Group Inc, 2016; Ellen MacArthur Foundation, 2015)
“Man is the only real enemy we have. Remove Man from the scene, and the root cause of hunger and overwork is abolished for ever.” - Old Major 1.Animal Farm is a novella written by George Orwell. Orwell’s narrative tells the story of oppressed and abused farm animals that revolt and take over their farm. Animal Farm is an allegory for the Russian Revolution.
will be just as cheap to produce electricity from solar power as it will from
In this modern fast paced world that we live in, there are many issues that are looked over, energy is one of these. As a world, we are dependant on dwindling fossil fuel supplies and take for granted electricity, oil, and gas. There are four completely renewable sources of energy around us that should be used and developed, they are: wind, growing plants, flowing water, and the sun. These sources of energy are the ones we should be tapping, because they are reliable and renewable. Harnessing the suns energy is the most certain and ultimate energy source. Looking at a brief history and some facts about solar energy, a glimpse of the future can be seen, a future not dependant on
Femme fatale. Every culture has a mystical femme fatale that is known for being beautiful, enticing and deadly. A female being that has the ability to entice a man with the intent to destroy his very being. The Mermaids, Nymphs, Undines and Sirens, these beautiful and deadly creatures are known all over the world. The alluring charms of these creatures are legendary and have been known globally for centuries. The femme fatale is known for being able to charm and lure wayward men for safety into an out of element location. These men have been away from the company of women or just wanting the female company. The idea of a beautiful and seductive female looking for carnal pleasure is usually desired when a person is in need of physical and
Our competitive advantage is that high quality of product, lower cost of solar panel, installation and maintenance, unique financial payment option and total coverage on-stop service, making it more reliable and convenient for customers than any other solar panel companies.
the right to a mobility allowance if you are too disabled to walk more than a very short distance.
New ideas, opportunities and technologies are sought in solving long-standing social problems. There is a good example to indicate our words, social entrepreneur in South America, Steve Katsaros. Can you imagine what was life like when oil lamps and candles were all we had to light our cities with? Indoors was just as treacherous as outdoors. Katsaros invented a solar-powered light bulb that provide isolated villages with power, thus bypassing the need to bring a power infrastructure out to remote areas. It has brought a great change in their daily lives which allow people to work, study and play at night without the use of kerosene lamps, which may pollute the environment and arise the respiratory diseases such as asthma. Consequently, Katsaros was able to bring convenience to the people while he can also stay in his business by selling the bulbs to the people. (The Guardian, 2009)
In addition, solar energy operational costs are manageable. It is free from monthly charges compared to conventional sources of energy. Solar energy does not require raw materials such as oil and coal, and once the panels are built, there will be no monthly charges. In addition, the prices of fossil fuels are increasing day by day, and this means conventional energy will be very expensive. Solar energy will remain the most capable world’s future power supply because, it is cost effective once the plants are built, and there will be no transport costs like for conventional energy sources. Therefore, solar energy is cost-effective, and will help in future energy supply, as the maintenance cost is affordable, as long as they are installed properly, and are working efficiently ( Hans, 2012). Furthermore, with the improvement and advancement of technology, it will increase its efficiency, and cost of production thus, making it more cost effective and the world’s best