Heard a rumor that TSLA & MMM working on developing a 'Solar' paint. MMM does already have a solar tape. I like the company for their innovation and long this stock. 10.7x PE, 2.7% div.
Think this could trade at/above $150 in 18-24 months.
PerplecityAI
perplexity.ai
Is MMM (3M Co) working on a solar paint product/process similar to what TSLA is developing and is this something that can really work to make electricity?
Based on the search results provided, there is no specific mention of 3M working on a solar paint product or process similar to what Tesla is developing. The search results primarily focus on 3M's existing technologies and products, including some solar-related applications, but do not indicate any development of solar paint. However, 3M does have expertise in several relevant technology areas that could potentially be applied to solar paint development:- Precision Coating and Web Processing: 3M has advanced capabilities in coating technologies that allow for precise application of materials.
- Particles and Composites: 3M can create, modify, and disperse particles in various mediums, including coatings, which could be relevant to solar paint technology.
- Polymer Processing: 3M is a leader in polymer development and processing, which might be applicable to solar paint formulations.
- Radiation Processing: 3M uses various forms of radiation to cure, modify, or enhance materials, which could potentially be used in solar paint production.
- Vapor Processing: 3M has expertise in coating thin layers of materials, including metals and oxides, which might be relevant to solar cell technology.
Regarding whether solar paint can really work to generate electricity, while the search results don't provide specific information on this topic, it's important to note that solar paint technology is still in the research and development phase. The concept is based on the idea of creating a paint-like substance containing photovoltaic materials that can generate electricity when exposed to sunlight. While promising, this technology faces challenges in terms of efficiency, durability, and scalability compared to traditional solar panels.
It's worth noting that 3M does have some existing solar-related products, such as the 3M™ Charge-Collection Solar Tape 6013, which is designed for use in thin-film solar panels. This demonstrates 3M's involvement in the solar energy sector, even if not specifically in solar paint technology.
In conclusion, while 3M has relevant technological capabilities, there's no direct evidence from the provided search results that they are currently working on a solar paint product similar to Tesla's. The viability of solar paint as an electricity-generating technology remains a subject of ongoing research and development in the field of renewable energy. |
