The technology development path that has enabled a 10-fold reduction in the price of PV generated power since 1979 will be reviewed, and the roadmap for the next ten years outlined. This shows that within the next decade, PV generated electricity will be cost-effective for grid connected applications without the need for incentives. It is expected that by 2015, 18% of new electric generation capacity worldwide will be from PV. PV will then begin taking its place as a major contributor of clean energy.

Dr. Swanson co-founded SunPower in 1985. He has served as the president and chief technology officer since June 2003 and has been a member of the board of directors since 1985.