Google– Oxford PV achieves a groundbreaking 25% conversion efficiency in solar panel technology.
– The efficiency surpasses the typical 24% seen in commercially available silicon-based solar cells.
– The company focuses on commercializing perovskite-on-silicon tandem solar cells with a theoretical maximum efficiency exceeding 43%.
– Solar modules utilizing these higher efficiency cells contribute to greater power output per unit area, reducing electricity costs.
– Oxford PV plans to deliver market-ready panels in 2024 and continues the search for a new high-volume manufacturing site to bring their technology into the mainstream.
Originally published on Saur Energy