Jan 20 2011
Solar3D, Inc. (OTCBB: SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, today announced details of its plan for the development of the Company’s solar cell.
“Our research, analysis, and experimentation to date have allowed us to outline our development process and timetable with a high degree of confidence,” said Jim Nelson, CEO of Solar3D. “We are ahead of the original schedule that we set for ourselves in terms of timing and expected output.”
Inspired by light management techniques used in fiber optic devices, the company’s innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. The company’s management believes that this breakthrough solar cell will dramatically change the economics of solar energy.
Solar3D plans to have a working prototype by the end of 2011, according to Mr. Nelson. During the course of the year, key milestones have been set to guide the efforts of the development team including:
- The design of the light-trapping element of the solar cell.
- The determination of its expected efficiency.
- The design of the 3-dimensional micro-photovoltaic structure of the cell.
- Fabrication of prototype.
Mr. Nelson added, “It is exciting to see scientific theory become a reality. We are re-engineering the solar cell from scratch to make a next generation product that is much more efficient than existing technology. But equally important is that we are creating a design that will be compatible with existing fabrication processes and mass production facilities. Hence, we will get a compounded impact on lowering the cost per watt of solar photovoltaics.
“We have a passion for the process. By combining micro-photovoltaics with advanced light management technology and production engineering into a novel 3-dimensional solar cell, we believe that affordable access to the power of the sun will be a reality,” Mr. Nelson concluded.