Energy

Oxford PV Reaches New Solar Cell World Records

Summary

The transformative perovskite solar technology recently achieved a new record for the quantity of sun energy that a single solar cell can turn into electricity. It has been objectively proven that Oxford PV‘s groundbreaking cell transforms 29.52 percent of solar energy into […]

The transformative perovskite solar technology recently achieved a new record for the quantity of sun energy that a single solar cell can turn into electricity. It has been objectively proven that Oxford PV‘s groundbreaking cell transforms 29.52 percent of solar energy into electrical energy. On the other hand, standard silicon cells have a 15-20 percent conversion rate and a realistic maximum conversion rate of about 26 percent in millions of homes worldwide. In reducing carbon emissions in the globe’s energy supply, solar is critical and is expected to generate 50 percent of global power production by 2050.

In order to best utilize photons around the solar spectrum, the technique used during the record-breaking cell of Oxford PV includes covering ordinary silicon solar cells using a thin film of perovskite content. Synthetic perovskite material is inexpensive, renewable, and will potentially fully replace silicon, producing the same quantity of power as 7 tons of silicon with 35 kg of perovskite. 

In 2022, the first firm to market the next generation of solar cells to members of the public will be Oxford PV. From a similar amount of cells, initial products built for residential roofs would produce 20 percent more electricity. With more growth, Oxford PV believes that future solar cells will be dramatically improved.

“We are delighted to be at the center of the solar breakthrough and play a key role in reducing carbon emissions in the world’s energy supply,” stated Frank P. Averdung, CEO at Oxford PV. Today, we are at a world turning point – climate change is rapidly escalating, and there has never been a stronger need to use renewable sources of energy. In speeding up the process of solar adoption and solving the ever-increasing climate change problem, our solar cells are essential. To move this technology past 30%, we have a concrete plan. 

“In addition to proving record performance, our solar cells, as well as modules, have undergone externally assessed industry standard durability checks from the International Electrotechnical Commission. Congratulations to our committed and trained engineers and scientists in the United Kingdom and the validation of the whole worldwide perovskite research group, which contributed to the growth of perovskite, we have indeed made tremendous progress,”   Dr. Chris Case, Chief Technology Officer at Oxford PV, stated.  “Our groundbreaking solution is a milestone for solar power production and would be essential in laying the groundwork for an all-electric future.”

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