SIC Code 8731-03 - Solar Energy Research & Development

Companies in the Solar Energy Research & Development industry are engaged in the scientific research and development of solar energy technologies. This includes the design, development, and testing of solar panels, solar cells, and other solar energy systems. The industry is focused on finding new and innovative ways to harness the power of the sun to generate electricity and provide clean, renewable energy to homes, businesses, and communities around the world. Solar Energy Research & Development companies work to improve the efficiency and effectiveness of solar energy systems, as well as to reduce the cost of production and installation. They conduct research on new materials and technologies that can be used to create more efficient solar panels and cells, and they test these materials and technologies in real-world conditions to determine their effectiveness. The industry is also involved in the development of new solar energy storage technologies, which are essential for ensuring that solar energy can be used even when the sun is not shining. This includes the development of batteries and other energy storage systems that can store excess solar energy generated during the day for use at night or during periods of low sunlight. Overall, the Solar Energy Research & Development industry plays a critical role in the development of clean, renewable energy sources that can help to reduce our dependence on fossil fuels and mitigate the impacts of climate change.