BioSolar to Benefit from Expected Solar Surge

  BioSolar to Benefit from Expected Solar Surge

Within a decade, more than 35 million buildings may be generating their own
solar electricity at prices lower than public utilities offer, sufficient to
power almost 10% of the U.S.

Business Wire

SANTA CLARITA, Calif. -- January 23, 2013

BioSolar, Inc. (OTC: BSRC), developer of breakthrough products and materials
that reduce the cost of photovoltaic (PV) solar modules, today announced that
it expects to benefit from the surge in demand for solar energy.

A report recently released by the Institute for Local Self-Reliance, forecasts
that within a decade, more than 35 million buildings may be generating their
own solar electricity (without subsidies) at prices lower than their utility
offers, sufficient to power almost 10% of the country.

Dr. David Lee, the company’s CEO, commented, “The solar industry has been
through a very tough year; however, the future is very bright for the
survivors. We expect to see a very powerful surge in demand for solar energy.
In addition to demand for distributed systems for individual buildings, we are
seeing tremendous growth with public utilities. Big investors, such as Warren
Buffet are now entering the market.”

MidAmerican Energy Holdings Company (backed by Warren Buffett's Berkshire
Hathaway Inc.) is buying two co-located solar projects in California, billed
as the world's largest permitted solar PV power development. The transaction
for Antelope Valley Solar Projects, totaling approximately 579 megawatts of
combined generation capacity, is for an unspecified amount between $2 and $2.5

“The energy market is by far the largest market in the world and solar is the
fastest growing segment of the energy market,” continued Dr. Lee. “Solar is
expected to grow by 15% annually, which should make solar panels at least 25
times more ubiquitous by 2040. The demand for electricity is nearly
insatiable. The U.S. is by far the world's greatest user of energy per capita
in the world. Each American uses about 87,000 kilowatt-hours per year – that
is twice as much as the European Union, the next closest consumer. Also, we
expect to see increased demand for electricity from China and India and these
will be very strong markets for solar.”

Dr. Lee concluded, “BioSolar is very well positioned to benefit from this
surge in demand for solar. Our patent pending BioBacksheet is the world’s
first UL certified solar panel backsheet made from renewable materials and
features two distinct benefits that are unmatched by existing backsheets.
First, BioBacksheet’s high thermal conductivity rapidly draws heat away from
the solar cells, which can increase the power output of the entire solar
panel. Second, BioBacksheet’s USDA BioPreferred Certification allows solar
panels to be marketed as more sustainable and socially responsible, and
preferred by U.S. government agencies.”

About BioSolar, Inc.

BioSolar, Inc. develops breakthrough products and materials that reduce the
cost of photovoltaic (PV) solar modules. Most of the solar industry is focused
on photovoltaic efficiency to reduce cost. BioSolar is the first company to
introduce a new dimension of cost reduction by replacing petroleum-based
plastic solar cell components with durable bio-based materials. BioBacksheet,
the company’s first backsheet product, is currently available to solar
manufacturers. BioSolar is now developing EcoBacksheet, its second backsheet
product that will further reduce the cost of solar energy. To learn more about
BioSolar, please visit our website at

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or achievements could
differ materially from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking statements
are based largely on the expectations of the Company and are subject to a
number of risks and uncertainties. These include, but are not limited to,
risks and uncertainties associated with: the impact of economic, competitive
and other factors affecting the Company and its operations, markets, product,
and distributor performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently; and other
factors detailed in reports filed by the Company.


Investor Relations Contact:
BioSolar, Inc.
Tom Becker, (877) 904-3733
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