Solar Panel Efficiency Increase of 300%

Two of the things solar panels are most criticized for are price and efficiency.  People grumble about the cost of solar panels and their relatively low conversion rate – how much energy from the sun can be turned into usable electricity.

Photonics can increase solar panel efficiency by 300%

Over the last few years, the cost of solar has dropped dramatically.  Now, there is news of a potential solar panel efficiency increase of 300%.  Researchers at HyperSolar have developed a film that can move certain light spectra to increase the conversion rate (and thus efficiency) of solar panels.

The solar technology, which uses photonics, also has the promise of further cutting the solar panel installation costs in half, from already reduced figures.  Developed in the U.S., cutting edge renewable energy tech like this is important to keep the country as an energy leader.

Demand for cheap and efficient solar panels is rising as installations are increasing worldwide.  Projections estimate that the 16 gigawatts of solar power that have already been installed globally will increase to 1,800 gigawatts over the next 2 decades!

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