Oxford PV, an energy offshoot company of the University of Oxford, has set a new solar panel efficiency world record.
The innovative perovskite-on-silicon tandem panel produced an output of 25% efficiency, which is a significant improvement on average figures being recorded in currently operating systems and a positive sign for the development of the renewable energy sector.
Oxford PV sets world solar panel efficiency record with tandem solar cells
Oxford PV is a solar technology company with operations in Brandenburg an der Havel, Germany. It leverages world-leading research and development programs by Professor Henry Snaith and others from Oxford University in the United Kingdom. The pioneer photovoltaic outfit has just made a massive leap in solar electricity generation with its state-of-the-art perovskite-silicon PV product, which the team can now boast has broken a world record.
Oxford PV’s tandem solar cells, which are produced in collaboration with the Fraunhofer Institute for Solar Energy Systems, have a theoretical maximum efficiency of more than 43%, whereas silicon solar cells offer 30%. In practice, the panel proved itself with a 25% efficiency in its output, breaking the record and demonstrating a significant level-up from the 21% to 23% efficiency that current commercial systems are producing.
Breakthrough renewable power technology has transformative potential
Statistics reveal that solar power made up three-quarters of the global renewable energy capacity in 2023, so in the solar sector, more than any other, leaps in technology have immense potential in the drive toward lowering carbon emissions. The increasing number of solar installations inevitably means that the cost of electricity and solar power systems will drop, meaning that more people will adopt alternative options to fossil fuel-generated electricity.
Chris Case, Chief Technology Officer at Oxford PV, said:
“Our record-breaking solar panels demonstrate that we are on the cusp of the next solar revolution, which will be delivered, in part, by our tandem cell technology. Solar energy is currently among the most cost-effective and sustainable energy sources. Our continuous advancements in technology will further enhance module efficiency – producing more electricity from the same area – and extending their use to all market sectors from residential, commercial through to utility scale.”
Rigorous testing proved the efficiency of the tandem solar module in reality
The Oxford PV perovskite-silicon module delivered an output of 421 watts across an area of just over 18 square feet, making it the most efficient of its kind under industrial application. Equipment available at Fraunhofer ISE’s Module-Technology Evaluation Center that’s already used for mass production was modified and optimized for the manufacture of Oxford PV’s perovskite-silicon solar cell. More of this article (The Diary 24) - link - more like this (University of Oxford) - link - more like this (perovskite) - link - Oxford pv - link - more like this (Oxford) - link
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