New Utility Innovations in Solar Energy Technologies

We envision a silicon-cum-silicon world with cost-effective and sustainable alternatives to traditional sources of fossil fuels, making solar energy one of the cornerstones of the renewables revolution. In a rapidly warming world, technologies surrounding solar energy lie at the heart of redefining how utilities will generate and distribute power in the future. Evolving technologies make solar power reasonably feasible and attractive on a utility-scale. Of most significance, high-efficiency photovoltaic cells make up many of these changed aspects. While traditional silicon-based PV cells have become reasonably efficient, new materials and designs have supplemented their use to increase efficiency and performance. For instance, perovskite solar cells have recently shown huge potential by achieving higher energy conversion rates at reduced production costs compared to traditional silicon cells. Tandem cells are being examined, and combined materials capture more of the broad sunlight spectrum, further boosting efficiency.

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