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HomeRenewablesEfficiency & Environment‘World’s most efficient’ solar panel achieved

‘World’s most efficient’ solar panel achieved

Oxford PV and the Fraunhofer Institute for Solar Energy Systems have set a new efficiency record for a solar panel, achieving 25% conversion efficiency, surpassing the common 24% found in commercial modules.

Oxford PV, a spin-out of the University of Oxford, known for advancements in next-generation solar technology, specialises in perovskite-on-silicon tandem solar cells with a theoretical maximum efficiency exceeding 43%, an improvement over traditional silicon solar cells’ less than 30% efficiency.

David Ward, Chief Executive Officer, Oxford PV, said: “This new world record is a crucial milestone for Oxford PV, proving that our tandem solar cells can deliver record breaking performance when assembled into solar panels.

“It is the first step in what will be a transformative 2024, as we begin to deliver market-ready panels from our factory in Germany and continue our global search for a new high volume manufacturing site which will enable us to bring our technology into the mainstream.”

Energy Live News
Energy Live News
This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
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