Researchers at Technion Israel Institute of Technology recently made a breakthrough in solar cell technology that could boost efficiency of existing photovoltaics by 70 percent or more. The amount of sunlight solar cells can convert into usable energy is typically limited to around 30 percent, with many existing solar panels falling short of that due to less than optimal conditions. The Technion team developed new thermodynamic tools that work to capture energy currently lost, and convert it to electricity, thereby increasing a solar cell’s efficiency to as much as 50 percent.
The university research team, based in Haifa, Israel, has been working to improve solar cell efficiency as a means to increase the benefits of clean, renewable sources of energy. They created a photoluminescence material that absorbs radiation from the sun, and converts the heat and light from the sun into an “ideal” radiation. That illuminates the photovoltaic cell and enables a higher conversion efficiency. The net result is a big boost: a conventional solar cell’s 30 percent efficiency rate is increased to 50 percent.
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“Solar radiation, on its way to the photovoltaic cells, hits a dedicated material that we developed for this purpose, the material is heated by the unused part of the spectrum,” said graduate student Assaf Manor, who led the study as part of his PhD work. “In addition, the solar radiation in the optimal spectrum is absorbed and re-emitted at a blue-shifted spectrum. This radiation is then harvested by the solar cell. This way both the heat and the light are converted to electricity.”
The team continues to work on their innovation, and is targeting a commercial product release within the next five years. The results of the study were recently published in the journal Nature Communications.
Images via Technion and Shutterstock
The article didn't mention but I think they talk about nano photovoltaic cells. I also read about those cells and conducted a study. Surprisingly, I found the demand and growth of these nano PV cells are too high than expected. Companies like Samsung investing or say researching on these cells. The market will going to grow in billion dollars in next two years. Can't imagine that the solar cell will reach this level. If you are interested you can read the study in greyb website. or from this link : http://www.greyb.com/li-fi-vlc-patent-landscape-study/