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Here's To Biology: Nature's Own Nanomachines Dr. Steve Block, Biology and Applied Physics

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As a term, nanotechnology is clearly ambiguous. Moreover, it has already been claimed by the Drexlerians, apostles of K. Eric Drexler, who was one of the first to popularize nanotechnology with the publication of his 1987 book, Engineers of Creation: The Coming Era of Nanotechnology. According to Professor Steve Block, the Drexlerians have a futurist vision of nanotechnology in which self-replicating molecular assemblers programmed at the molecular-scale manufacture arbitrary products at the atomic level, molecule by molecule, bottom up. Some scientists have attempted to distance themselves from the futurist Drexlerians by claiming the term nanoscience. There's also another motivation for the excision of "technology" in this term. Nanoscience, as a term, captures the learning-the fundamental understanding of processes and materials at the nanoscale-that many scientists feel is necessary before or at the same time that researchers turn to engineering solutions. The term nanot!
 echnology, on the other hand, reinforces what Chidsey describes as a "glib attitude" that "technology is the goal of science at this length scale."
Here's To Biology: Nature's Own Nanomachines Dr. Steve Block, Biology and Applied Physics
While sunlight is cheap, harnessing it is currently too expensive to be worthwhile on a large scale. For four years, McGehee and his graduate students have been working to make it cheaper to convert sunlight into electricity. While the silicon-based solar cells currently used generate electricity at $3/Watt, McGehee is aiming for nanostructured solar cells that are ten times cheaper at $.30/Watt. Once fully developed, McGehee's solar cells would be lower cost because the materials are cheaper. Moreover, they would be more lightweight and flexible so that "you could roll them out over rooftops," says McGehee.