Solar3D, a developer of three-dimensional solar cell technology for maximizing conversion of sunlight into electricity, has reported results from its test of a novel design of solar cells.
Three-dimensional solar cell technology
The breakthrough design is expected to provide a conversion efficiency of more than 25%. This efficiency exceeds the conversion efficiency of other cells made from existing solar technology.
Solar3D’s President and CEO, Jim Nelson, stated that the company was studying the different ways of manufacturing a model. After fabrication, tests are to be made, and if the test results turn out to be as anticipated by the company, then Solar3D’s three-dimensional solar cell technology will be providing high conversion efficiencies equivalent to those provided by top silicon solar cells, he added.
Solar3D intends to look out for a manufacturing partner, after completing its prototype, for commercializing its three-dimensional solar cell. Large semiconductor manufacturers are likely choices as potential manufacturing partners.
Jim Nelson further stated that test results provided confidence in the path for development of the three-dimensional solar cell. The cell can help change solar power economics, as a solar cell having high efficiency and that can be manufactured using low cost silicon can lead to the lowest cost per watt.
Economic parity between other low-cost power and solar power will occur due to the reduction in manufacturing costs and increase in the conversion efficiency of solar cells.