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Success of cadmium telluride PV has been due to the low cost achievable with the CdTe technology, made possible by combining adequate efficiency with lower module area costs. Direct manufacturing cost for CdTe PV modules reached $0.57 per watt in 2013, and capital cost per new watt of capacity was about $0.9 per watt (including land and buildings) in 2008.

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Currently, the energy grid is changing to fit the increasing energy demands but also to support the rapid penetration of renewable energy sources. As a result, energy storage devices emerge to add buffer cap.