Solar Panel Technology Advances

C O N T E N T S:


  • Solar panel technology advances has led to the improvement of efficiency, energy storage, solar design and wearable tech.(More…)
  • Solar panel efficiency relates to the ability of the panel to convert energy at a low cost and high supply rate.(More…)
  • There’s a reason that solar is the fastest growing new energy technology, and millions of homeowners have installed solar panels.(More…)


  • Why are the CdTe panels from First Solar Inc. not included in your charts.(More…)


Solar Panel Technology Advances
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Solar panel technology advances has led to the improvement of efficiency, energy storage, solar design and wearable tech. [1] Recent advances in solar cell technology has reduced costs and created an increased competitive market among solar panel manufacturers. [2]

Solar panel efficiency relates to the ability of the panel to convert energy at a low cost and high supply rate. [3] Maximizing energy use and bill savings is heavily reliant on top tier solar panel energy efficiency. [3] Maximum Production or Maximum Offset: If your goal is to maximize the amount of electricity your system produces or want to ensure you buy the least amount of electricity from the utility, but the amount of roof space you have available to install solar panels is limited in size, you may choose to install higher efficiency solar panels. [3] Given the same amount of sunlight shining for the same duration of time on two solar panels with different efficiency ratings, the more efficient panel will produce more electricity than the less efficient panel. [3] In practical terms, for two solar panels of the same physical size, if one has a 21% efficiency rating and the other has a 14% efficiency rating, the 21% efficient panel will produce 50% more kilowatt hours (kWh) of electricity under the same conditions as the 14% efficient panel. [3]

The most efficient commercially available solar panels on the market today have efficiency ratings as high as 22.5%, whereas the majority of panels range from 15% to 17% efficiency rating. [3] Cost vs. Value: More efficient solar panels tend to cost more than their less efficient cousins. [3] Therefore, the following two solar efficiency tables (Exhibit 1 and Exhibit 2) break down the best ways to compare different solar panel options by module efficiency metrics. [3] Typical solar panels degrade at a rate of about 0.5% efficiency per year, so that after 20 years (a not unrealistic expected system lifetime), the efficiency has degraded by about 10% of the initial efficiency. [3] The two tables below present different views of the efficiency characteristics of the leading manufacturers who sell solar panels in the United States. [3] The EnergySage Solar Marketplace makes it easy for you to easily compare your savings from solar panels that vary in their efficiency ratings and if their premium price is justified. [3] Most panel manufacturers produce several solar panel models which range in efficiency ratings. [3]

GaAs is more commonly used in multijunction photovoltaic cells for concentrated photovoltaics (CPV, HCPV) and for solar panels on spacecrafts, as the industry favours efficiency over cost for space-based solar power. [4] In the early 1990s the technology used for space solar cells diverged from the silicon technology used for terrestrial panels, with the spacecraft application shifting to gallium arsenide -based III-V semiconductor materials, which then evolved into the modern III-V multijunction photovoltaic cell used on spacecraft. [4] The price of solar panels fell steadily for 40 years, interrupted in 2004 when high subsidies in Germany drastically increased demand there and greatly increased the price of purified silicon (which is used in computer chips as well as solar panels). [4] As of the end of 2016, it was reported that spot prices for assembled solar panels (not cells) had fallen to a record-low of US$0.36/Wp. [4] One of the most critical hurdles for the solar industry has been storing energy generated from solar panels. [5] Individual solar cell devices can be combined to form modules, otherwise known as solar panels. [4] When Bell Labs first developed the silicon solar panel in 1954, the efficiency level was a mere 6 percent. [2] Today, most solar panels have an efficiency level of between 14 and 23 percent, depending on the model. [2]

Photons in sunlight hit the solar panel and are absorbed by semiconducting materials, such as silicon. [4] Earlier this month, Reuters reported that the Trump administration’s tariff on imported solar panels had caused U.S. renewable energy companies to. [6] Solar panels have also become much more aesthetically pleasing and efficient, which might inspire many more people to install these panels in their homes and workplaces. [1] The State of California is expected to approve home construction standards that would require new homes, apartments and condos to install solar panels, with a few exceptions. [2] Since silicon solar panels only use one pane of glass, thin film panels are approximately twice as heavy as crystalline silicon panels, although they have a smaller ecological impact (determined from life cycle analysis ). [4]

This solar panel converts the light into electrical energy to power the watch. [7] Solar panels provide an effective and environmentally friendly source of energy cost. [8] Solar panel systems have become one of the fastest-growing sources of energy in the United States. [9] Starting in October 2018, the City of London will source one hundred percent of its power needs from renewable energy sources by installing solar panels on local buildings as well as making investments in larger solar and wind projects and purchasing clean energy from the grid. [10] These are cookers mounted with solar panels on the side that absorb heat from the sun and can be used to cook from simple things like boiling water to barbeque that requires a large amount of energy. [7] While solar panels are a relatively new concept when it comes to home energy, the benefits have already proven to be significant. [9] A solar panel is a set of photovoltaic modules, electrically connected assembly of solar cells. [9] The solar panels each have many solar cells made up of layers of different materials. [9] While you might know that solar panels can reduce electricity costs and help the environment, there might be things about solar energy that you don?t know. [9] Increase Your Home Value Buying a home with solar panels means lower electricity costs. [9] We then build out an assessment of solar benefits for your home, showing you the cost benefits of installing solar panels and the rough cost of installation. [11] The main one is the initial cost of installation of solar panels, which is very costly. [7]

How Do They Work? The typical solar energy system includes solar panels, an inverter, equipment to mount the panels on your roof, and a performance monitoring system that tracks electricity production. [9] Our Solarize Workshops are small scale workshops available to anyone interested in getting solar panels installed on their homes or anyone interested in solar energy. [11] A study conducted by the National Renewable Energy Laboratory concluded that homes with solar panels. [9] Getting solar panels is a large investment and it’s important to protect that investment, just like you would with your home. [9] These lights are mostly used in developing countries in areas where electricity is not reachable and it is too expensive to install a solar panel. [7] The lights have a solar panel that charges during the day and can be used for lighting for a period of up to twelve hours. [7] Instead of connecting the whole grid system to a solar panel to use a bulb for lighting, one can use solar lights without having to mount a whole solar panel. [7] How Does It Work? A photovoltaic system uses solar panels to capture sunlight’s photons. [9] There are two types of solar panels: one produces electricity (photovoltaic), another collects heat (thermal). [9] Solar Panel Fun Facts A photovoltaic system includes an array of solar modules or a panel, an inverter, a solar tracer or battery, interconnecting wiring. [9] Over 1 Million Solar Systems Have Been Installed in the U.S. As of 2016, one million solar panel systems had been installed in the United States. [9] Its global headquarters will take the first step by installing 42,000m2 of solar panels at Samsung Digital City in Suwon. [12]

With all of the advances in technology, it has been hard to keep up with the world of solar energy. [11] Thanks to advances in modern technology as well, most things can be run off solar power these days. [9]

There’s a reason that solar is the fastest growing new energy technology, and millions of homeowners have installed solar panels. [13] Thanks to advances in energy conversion and manufacturing, solar panels are cheaper than ever. [14] Solar panels aren?t efficient at converting the sun’s energy to electricity. [13] The more energy you use, the more space is required in order to host more solar panels. [14] These systems need an exceptionally good flow of water to compete with solar panels, but they have one distinct advantage: They continue to produce power when the sun goes down. (Systems cost anywhere from $400 to $3,000.) [15] The average solar garden (or solar farm) includes several thousand solar panels that cover two to three acres, enough to produce power for over 100 homes. [15] Similar to solar panels and sunlight, turbines are very dependent on the wind, though some can continue to produce power in just 7 mph winds. [15]

The price include cost of solar panel, storage, and installation. [14] Nor does the cost estimate allow for the possibility that solar panel prices may skyrocket once orders come in from every home building site in California. [16] With this in mind, before you decide to grab solar panels to add to your home, study these pros and cons of solar energy. [14] Community solar allows people who are unable to install solar panels (such as renters or homeowners with shady roofs) to invest in a nearby solar facility and benefit from solar energy just as they would if the panels were on their own roof. [17] This large cost difference reflects economies of scale in managing the operations associated with thousands of solar panels in one location, as well as the fact that solar farm panels can be placed on towers that rotate to follow the sun’s path, which means that the panels directly face the sun throughout the day. [16] According to the industry standards, equipment guarantee is of 10 years and some of the solar panels provide about 25 years of guarantee. [13]

Technology advances like solar energy enable individuals and businesses to produce their own electricity, at less cost than if we were forced to buy from our utility. [17] Rapid advances in battery technology and storage business models are likely in coming years to make solar plus storage a viable baseload option at scale. [18]

By considering power conversion design parameters early in the overall system design, a small, inexpensive converter can be built to accompany a reasonably sized solar panel, wind turbine or fuel cell for high system power and energy density. [19] From energy storage technologies that allow solar panels to power the grid 24/7 to new electrification techniques, a carbon tax spurs the energy industry into a low-carbon future. [20] Inverters are commonly used to apply AC power from DC sources such as fuel cells, solar panels, and batteries. [19] Solar panels can be used to convert solar energy into electrical energy when sunlight is directly hitting the PV panels for maximum efficiency, and then power from wind turbines can be used when wind speed and direction is ideal. [19] A hybrid system can consist of solar panels, wind power, fuel cells, electrolyzers, batteries, capacitors, and other types of power devices. [19] The REIPPP office issued the first request for proposals in August 2011 ( i.e., specifying what the power needs were and inviting low-priced bids), and prices came down with each subsequent round as the government learned more about the market and refined its processes and policies, as the enabling environment matured, as investors gained confidence, and as the price of solar panels came down. [18] Even in places where solar was not originally thought to be a possible source of energy, such as Antarctica, solar panels are gaining ground. [20] Multiple connected solar cells form a photovoltaic module or solar panel. [21] The solar panels themselves cost roughly the same, but the scale and simplicity of solar farms allows for efficiency in other areas –for example, the time and effort that goes into connecting with customers, managing the installation process, and dealing with engineering and permitting. [20] Say the cost for attaching solar panels to your home is outside of your budget. [20] Technological advancements have caused the solar industry to thrive by decreasing solar panel costs and passing those savings on to American households. [20] A 100 x 100 mile area of land covered with solar panels, and just one square mile of battery storage, has the potential to power our entire country. [20] Luckily, the industry has created a rating system to evaluate the manufacturing processes used in creating solar panels. [20] Even better, after they’re installed, solar panels have almost no ongoing costs–making prices much less subject to fluctuating global fuel prices. [20] It is still remarkable, however, to read of California’s intent to require rooftop solar panels on most new homes in that state beginning in 2020. [22] A community solar garden is an array of grid-connected solar panels, like the one pictured above, that allows renters and homeowners–regardless of the how much sunlight hits their roof–to support local, clean energy. [20]


Why are the CdTe panels from First Solar Inc. not included in your charts. [3] While certain panels will have higher efficiency ratings than others, investing in top-of-the-line solar equipment doesn?t always result in higher savings. [3]

Simply put, efficiency (expressed as a percentage) quantifies a solar panel’s ability to convert sunlight into electricity. [3] Many consumers and people in the solar industry consider efficiency to be the most important criterion when assessing a solar panel’s quality. [3] A recent report by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) recommended that consumers compare as many solar options as possible to avoid paying inflated prices offered by the large installers in the solar industry. [3] National-scale installers don?t just offer higher prices – they also tend to have fewer solar equipment options, which can have a significant impact on your system’s electricity production. [3]

For any homeowner in the early stage of shopping for solar that would just like a ballpark estimate for an installation, try our Solar Calculator that offers up front cost and long term savings estimates based on your location and roof type. [3] Enter your zip code to find out what typical solar installations cost in your neighborhood. [3]

According to their website, these panels are more cost effective to produce and the efficiency is similar or better than crystalline silicon cells. [3] The leading brands in this category will be those that utilize high efficiency solar cells such as LG and SunPower (who have battled back and forth for the world solar efficiency record) who are widely considered to be the top panel brand on the market for solar efficiency. [3] A team of scientists from the Korea Advanced Institute of Science and Technology (KAIST) has proposed a gold-based halide perovskite as a material for high efficiency solar cells, which it says could be both more stable and more environmentally friendly to produce than many existing perovskites which scientists are investigating to boost solar efficiency. [23]

Sourcing battery cell technology at the current rate resulted in annual foreign exchange of $150 million creating deficits, that hopefully can be averted in the future. [23]

You may want to analyze whether that upfront cost difference is justified by the increased saving achieved by generating more electricity over the lifespan of your solar energy system. [3] The utility’s renewable energy unit PGE EO has announced the construction of a PV laboratory and a solar module field test in Siedlce. [23]

“Silicon Module Super League? member LONGi Solar, a subsidiary of leading monocrystalline wafer producer LONGi Green Energy Technology, is showcasing its expanding range of high-efficiency P-type monocrystalline modules at Intersolar Europe. [24] Elsewhere in this edition, Canadian Solar outlines some of the solutions it has developed for tackling light-induced degradation in multi-PERC cells and modules, a persistent challenge with PERC technology. [24] With the demand for clean and green energy globally, solar technology has advanced by leaps and bounds. [1] In this edition our deputy editor Tom Kenning reports from the recent PV CellTech event in Malaysia, where the “Who’s Who? of the PV manufacturing world gathered to debate the current state of play in solar technology. [24]

In 2008, according to Jef Poortmans, director of IMEC’s organic and solar department, current cells use 8-9 grams (0.28-0.32oz) of silicon per watt of power generation, with wafer thicknesses in the neighborhood of 200 microns. [4] Semiconductors with band gap between 1 and 1.5 eV, or near-infrared light, have the greatest potential to form an efficient single-junction cell. (The efficiency “limit” shown here can be exceeded by multijunction solar cells.) [4] “Solar cell sets world record with a stabilized efficiency of 13.6%”. [4]

Critics predict that the increase in real estate cost will price more people out of the ability to buy a home, while proponents say that the increase in demand will reduce the costs of the panels and make solar more affordable throughout the country, not just in California. [2] This concern has been alleviated as Tesla is in the process of mass producing a new battery for home solar storage that comes with a 10 year warranty, provides up to 90 kilowatt hours of power, and is reliable, powerful, and more affordable than ever before. [5] A composite thin film developed at INRS improves significantly solar cells’ power conversion efficiency. [25] Spanish independent PV power producer Sonnedix has secured the non-recourse refinancing of a portfolio of 12 solar plants in Spain with a total installed generation capacity of 30.4MW. The total value of the refinancing is approximately US$165 million. [24] The French independent power producer (IPP) REDEN Solar has refinanced the bulk of its domestic assets raising 270 million (US$312 million) in the process. [24]

It was also reported that new solar installations were cheaper than coal-based thermal power plants in some regions of the world, and this was expected to be the case in most of the world within a decade. [4] Amorphous silicon has a higher bandgap (1.7eV) than crystalline silicon (c-Si) (1.1eV), which means it absorbs the visible part of the solar spectrum more strongly than the higher power density infrared portion of the spectrum. [4]

Proponents of solar hope to achieve grid parity first in areas with abundant sun and high electricity costs such as in California and Japan. [4] Back in the 1940’s, who would have thought that computers could have fit in a small room? Today, let’s look out at a future with solar where our prognostication for improved efficiency may similarly fall short of the mark as human ingenuity and technological advancement drive down costs and improve performance. [5] Drones are bringing airborne analytics to utility-scale solar operations like PV equipment inspections, resulting in strong time and cost savings. [6]

“Silicon Module Super League? (SMSL) member JA Solar has become the first Chinese manufacturer to indicate efforts to increase its overseas sales – following China’s move to curtail solar growth – by announcing that it is establishing a new subsidiary in South Korea. [24] “Silicon Module Super League? (SMSL) member, Canadian Solar is set to launch a new range of high-performance multicrystalline modules at Intersolar Europe, designed to capture attention in the utility-scale market. [24]

As more and more capabilities are added to roads instead of simply covering a country with extra roads, they are starting to make their own electricity, notably as solar road surface but then with added silent wind turbines, photovoltaic verges and barriers and more. [25] India is poised to jump to number 3 in the global solar market, by adding 56GW in 5 years time. [1] Chinese companies produced solar cells/modules with a capacity of ~23 GW in 2013 (60% of global production). [4] Following the 1973 oil crisis, oil companies used their higher profits to start (or buy) solar firms, and were for decades the largest producers. [4]

Solar prices in Germany’s latest auction rose for the first time since the country started solar-based tenders in 2015, according to results released by Germany’s Federal Network Agency. [24] The price for utility solar in the Southwestern United States is projected by the National Resource Defense Council to fall to five cents per kilowatt hour by 2020. [5]

While solar does have a 30 percent government subsidy on installation, fossil fuel subsidies have increased over 45 percent since 2009. [5]

While the GaSb solar cell is very exotic and expensive at this time, the method used to change the current flat design of solar cells to a cubed version able to use most of the sun’s light energy, the efficiency of the cell was increased dramatically. [2] A solar cell, or photovoltaic cell, is an electrical device that converts the energy of light directly into electricity by the photovoltaic effect, which is a physical and chemical phenomenon. [4] The harnessed energy of silicon solar cells at the cost of a dollar has surpassed its oil counterpart since 2004. [4] For one, tremendous amounts of energy are needed to produce the silicon in solar cells. [26]

Assemblies of solar cells are used to make solar modules that generate electrical power from sunlight, as distinguished from a “solar thermal module” or “solar hot water panel”. [4] “50 Per cent more output power from an albedo-collecting flat panel using bifacial solar cells”. [4] Multiple solar cells in an integrated group, all oriented in one plane, constitute a solar photovoltaic panel or module. [4] After the metal contacts are made, the solar cells are interconnected by flat wires or metal ribbons, and assembled into modules or “solar panels”. [4]

Cell sizes grew as equipment became available on the surplus market; ARCO Solar’s original panels used cells 2 to 4 inches (50 to 100mm) in diameter. [4] Panels in the 1990s and early 2000s generally used 125mm wafers; since 2008, almost all new panels use 156mm cells. [4] By 1973 they announced a product, and SPC convinced Tideland Signal to use its panels to power navigational buoys, initially for the U.S. Coast Guard. [4]

Leading integrated high-efficiency monocrystalline module manufacturer and “Silicon Module Super League? (SMSL) member LONGi Green Energy Technology has won a bid to build a “Top Runner? PV power plant of 250MW with partner, Three Gorges New Energy in Yijun County, Tongchuan City, China. [24] In 1981 the company Isofoton was founded in Maga to produce the developed bifacial cells, thus becoming the first industrialization of this PV cell technology. [4] Aan ambitious 3-year European Union funded project, “ESPResSo” (Efficient Structures and Processes for Reliable Perovskite Solar Modules), that gathers known leaders in the field of perovskite PV technology to revolutionize Europe’s photovoltaics (PV) industry. [25] Multi-junction cells were originally developed for special applications such as satellites and space exploration, but are now used increasingly in terrestrial concentrator photovoltaics (CPV), an emerging technology that uses lenses and curved mirrors to concentrate sunlight onto small, highly efficient multi-junction solar cells. [4] “This is the front-runner of low-cost solar cell technologies,” said Hiroshi Segawa, a professor at the University of Tokyo who’s leading a five-year project funded by the Japanese government that groups together universities and companies such as Panasonic Corp. and Fujifilm Corp. to develop perovskite technology. [26] Rapid improvements in solar cell technology, module configuration, system design and financial innovation have been a big driver. [24] Efficiencies have increased from below 5% at their first usage in 2009 to over 20% in 2014, making them a very rapidly advancing technology and a hot topic in the solar cell field. [4]

Solar cells were first used in a prominent application when they were proposed and flown on the Vanguard satellite in 1958, as an alternative power source to the primary battery power source. [4] Triple-junction GaAs solar cells were used as the power source of the Dutch four-time World Solar Challenge winners Nuna in 2003, 2005 and 2007 and by the Dutch solar cars Solutra (2005), Twente One (2007) and 21Revolution (2009). [4]

The power conversion efficiency of a solar cell is a parameter which is defined by the faction of incident power converted into electricity. [4] Energy volume of Si solar cells and oil harnessed by human beings per dollar; Carbon intensity of some key electricity generation technologies. [4]

It is reported that multicrystalline solar cells can be surface-textured to yield solar energy conversion efficiency comparable to that of monocrystalline silicon cells, through isotropic etching or photolithography techniques. [4] When it comes to solar cells, the efficiency of the cell not only affects the amount of solar energy that is generated, but also the price per watt. [2] In 2015, a 4-junction GaInP/GaAs//GaInAsP/GaInAs solar cell achieved a new laboratory record efficiency of 46.1 percent (concentration ratio of sunlight 312) in a French-German collaboration between the Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE), CEA-LETI and SOITEC. [4] Perovskite solar cell developer Oxford Photovoltaics (PV) has produced a 1 cm2 perovskite-silicon two-terminal tandem solar cell with a verified conversion efficiency of 25.2%, through an ongoing collaboration with Helmholtz-Zentrum Berlin (HZB) and the Photovoltaics and Optoelectronics Device Group at the University of Oxford, led by Professor Snaith. [24] In 2016, a new approach was described for producing hybrid photovoltaic wafers combining the high efficiency of III-V multi-junction solar cells with the economies and wealth of experience associated with silicon. [4] Second generation cells are thin film solar cells, that include amorphous silicon, CdTe and CIGS cells and are commercially significant in utility-scale photovoltaic power stations, building integrated photovoltaics or in small stand-alone power system. [4] With an initial production capacity of 300kW/yr. of bifacial solar cells, early landmarks of Isofoton’s production were the 20kWp power plant in San Agust’n de Guadalix, built in 1986 for Iberdrola, and an off grid installation by 1988 also of 20kWp in the village of Noto Gouye Diama ( Senegal ) funded by the Spanish international aid and cooperation programs. [4] By the 1960s, solar cells were (and still are) the main power source for most Earth orbiting satellites and a number of probes into the solar system, since they offered the best power-to-weight ratio. [4]

Jiangsu Seraphim Solar System is to supply modules to the largest PV project in Ukraine, a 246MW solar plant being developed by Ukraine’s largest energy group, DTEK. [24] The project combined an existing 3MW solar farm and the construction of a 6.5MW hour energy storage system. [27]

The hope is that perovskites, which can be mixed into liquid solutions and deposited on a range of surfaces, could play a crucial role in the expansion of solar energy applications with cells as efficient as those currently made with silicon. [26] Perovskite is highly efficient at converting sunlight to electricity, which is why it is a very desirable material for the construction of solar cells. [2] Other possible solar cell types are organic solar cells, dye sensitized solar cells, perovskite solar cells, quantum dot solar cells etc. The illuminated side of a solar cell generally have a transparent conducting film for allowing light to enter into active material and to collect the generated charge carriers. [4] The upconverter material could be placed below the solar cell to absorb the infrared light that passes through the silicon. [4] In combination with anti-reflective coating, surface texturing technique can effectively trap light rays within a thin film silicon solar cell. [4] “Increasing light capture in silicon solar cells with encapsulants incorporating air prisms to reduce metallic contact losses”. [4] “String ribbon silicon solar cells with 17.8% efficiency” (PDF). [4] Either of these techniques could be used to produce higher efficiency solar cells by allowing solar photons to be more efficiently used. [4] A simple potassium solution could boost the efficiency of next-generation solar cells, by enabling them to convert more sunlight into electricity. [25] An array of solar cells converts solar energy into a usable amount of direct current (DC) electricity. [4] Solar Energy Materials and Solar Cells. 78 : 143. doi : 10.1016/S0927-0248(02)00436-1. [4] Solar cells can be made of only one single layer of light-absorbing material ( single-junction ) or use multiple physical configurations ( multi-junctions ) to take advantage of various absorption and charge separation mechanisms. [4] The production of a-Si thin film solar cells uses glass as a substrate and deposits a very thin layer of silicon by plasma-enhanced chemical vapor deposition (PECVD). [4] Solar cell production in the U.S. has suffered due to the global financial crisis, but recovered partly due to the falling price of quality silicon. [4] Every successful development not only improves the efficiency of solar cells, but also improves the reliability and lowers prices. [2] “The opto-electronic physics that broke the efficiency limit in solar cells”. 2012 38th IEEE Photovoltaic Specialists Conference. p.001556. doi : 10.1109/PVSC.2012.6317891. [4] Thin-film solar cell is a cost-effective second generation solar cell with much reduced thickness at the expense of light absorption efficiency. [4] That’s the highest efficiency on a large-size perovskite solar cell to date, according to the university’s website. [26] “High efficiency heterojunction solar cells on n-type kerfless mono crystalline silicon wafers by epitaxial growth”. [4]

The efficiency of solar energy is exceedingly important when it comes to generating power. [2] As solar power becomes mainstream, these innovations in solar energy offer the promise of increased efficiency and lower fees. [2]

Current prices for solar power in the U.S. are comparable to natural gas and coal, and have become cheaper than wind energy. [5] Swanson’s law is an observation similar to Moore’s Law that states that solar cell prices fall 20% for every doubling of industry capacity. [4] Though conventional solar cells are still more efficient at about 25 percent, they’ve been stuck at that level for about 15 years, according to the World Economic Forum. [26] Monocrystalline silicon (mono-Si) solar cells are more efficient and more expensive than most other types of cells. [4] “Design and fabrication of silicon nanowires towards efficient solar cells”. [4] “19.8% efficient “honeycomb” textured multicrystalline and 24.4% monocrystalline silicon solar cells”. [4] Multicrystalline silicon solar cells, due to poorer crystallographic quality, are less effective than single crystal solar cells, but mc-Si solar cells are still being used widely due to less manufacturing difficulties. [4] In 2014, three companies broke the record of 25.6% for a silicon solar cell. [4] In basic terms a single junction silicon solar cell can produce a maximum open-circuit voltage of approximately 0.5 to 0.6 volts. [4] They can produce more electricity than conventional monofacial solar cells. [4]

Solar cells are described as being photovoltaic, irrespective of whether the source is sunlight or an artificial light. [4] A “photoelectrolytic cell” ( photoelectrochemical cell ), on the other hand, refers either to a type of photovoltaic cell (like that developed by Edmond Becquerel and modern dye-sensitized solar cells ), or to a device that splits water directly into hydrogen and oxygen using only solar illumination. [4]

The semiconductor material Gallium arsenide (GaAs) is also used for single-crystalline thin film solar cells. [4] Perovskite solar cells are solar cells that include a perovskite -structured material as the active layer. [4] Even though the material can be sprayed onto solar cells to create thin, flexible cells, perovskites are full of defects. [2] “It certainly is going to be more than five years and it could be never,” Green, the professor at the University of New South Wales, said, referring to how soon perovskite solar cells will be commercially available. [26] The first developer worldwide to cover office buildings with semi-transparent perovskite solar cells on a commercial scale. [25]

By far, the most prevalent bulk material for solar cells is crystalline silicon (c-Si), also known as “solar grade silicon”. [4]

The other great hurdle for solar energy has been its cost effectiveness as compared with traditional energy sources such as coal and natural gas. [5] Technological advances and global acceptance are making solar power more cost effective than ever before. [5] In the last year, several advances have been made that will likely change the future of solar energy, making it more affordable for the average homeowner. [2]

The advances have raised the possibility that perovskite cells could one day be placed on top of cars, windows, and walls. [26] Widespread grid parity, the point at which photovoltaic electricity is equal to or cheaper than grid power without subsidies, likely requires advances on all three fronts. [4]

By launching a novel all-in-one tool for the final testing of photovoltaic modules, innovative PV testing technology company Endeas has provided an answer for companies wishing to drive down module manufacturing costs. [24] These offerings are reinforced through our deep sector expertise in aerospace, defense and government services, consumer, gaming and leisure, financial institutions, infrastructure and energy, real estate, resources, services, telecommunications, media and technology sectors across the U.S. with 402 transactions completed, valued at $264 billion in the year to 31 March 2018. [27] PV inverter manufacturer SolarEdge Technologies has announced that it was expanding its commercial PV sector product solutions with the launch of larger-capacity three-phase inverters with its synergy technology and a multi-input power optimizer at Intersolar Europe. [24] The first generation cells–also called conventional, traditional or wafer -based cells–are made of crystalline silicon, the commercially predominant PV technology, that includes materials such as polysilicon and monocrystalline silicon. [4]

It has been predicted by the International Technology Roadmap for Photovoltaics (ITRPV) that the global market share of bifacial technology will expand from less than 5% in 2016 to 30% in 2027. [4]

As technological breakthroughs continue, higher efficiency panels will become cheaper and more accessible to consumers, helping to further drive down costs. [5] In late 1969 Elliot Berman joined Exxon’s task force which was looking for projects 30 years in the future and in April 1973 he founded Solar Power Corporation, a wholly owned subsidiary of Exxon at that time. [4] Renewable Energy World Editors June 14, 2018 The advancement of solar power in the global energy mix is demanding and launching diverse affiliated products and se. [6] Recent trends in solar energy like national solar projects will drive up the demand for this renewable energy in 2018. [1] Increasingly, solar energy and behind-the-meter battery storage assets are being deployed on an “as-a-service? basis and system integrator Younicos has decided to replicate the strategy for microgrids. [24]

GE delivers inverters to Pacifico’s 96MW Japan solar project, Samsung Electronics eyes 100% renewables in China, Europe and U.S. with solar and geothermal, Voltalia commissions 10MW PV project in France. [24] Vertically-integrated solar firm and industrial goods company Bharat Heavy Electricals Limited (BHEL) has won two EPC contracts for solar PV projects in the state of Gujarat. [24] Lightsource BP has completed its first utility-scale solar farm in India after bringing online a 60MW project in Maharashtra, having won the contract through a competitive 450MW tender process completed in September 2016. [24]

In the four years after January 2008 prices for solar modules in Germany dropped from 3 to 1 per peak watt. [4]

Mercom delivers market intelligence and funding and M&A reports covering Battery Storage, Smart Grid and Energy Efficiency, and Solar, and advises companies on new market entry, custom market intelligence and strategic decision-making. [12] The top VC deals in descending order included: $55 million raised by Off Grid Electric, $25 million raised by d.light design, $23 million secured by Solaria Corporation, $12.5 million raised by Renewable Properties, $11 million raised by Kiran Energy Solar, and M-KOPA’s $10 million deal. [12] Three IPOs were logged during the year that raised a combined total of $363 million for Canadian Solar Infrastructure Fund, New Energy Solar Fund, and Clenergy. [12]

The solar bikes have batteries that charge and once full, the energy stored can as well be used to charge phones and other small electric devices like tablets. [7] The previously mentioned IRENA report also highlights the fact that technological advancements in solar storage capabilities have ensured energy reliability. [28] New energy sources like solar which were previously considered not yet technologically sound, particularly in terms of energy storageefficiency and costhave become the preferred option, both privately and publicly, based on their ability to compete in the energy marketplace. [28] Increasingly, solar technology is competing head-to-head with conventional power sources. [28] Solar backpacks also have a battery that fills up when charging and the power can be used during the night when there is no exposure to sunlight. [7] Addition of power generation capacity – especially through solar parks; building of domestic manufacturing capacities; refinements in Solar Policy (for utility scale & rooftop systems) and Bid Document – in particular, with regard to applicable duties and taxes; resolution of State-specific project development bottlenecks; and enhanced bankability of projects – these are some initiatives in the offing by the Government. [12] The cost of electricity from solar and wind projects has achieved grid parity and the long-term trend suggests that costs will continue to decline. [12] Jun 13, 2018: Little Sun, a social business from artist Olafur Eliasson, creates products to put “the power of the sun in the palm of your hand” — think portable solar lamps and solar chargers — and now they’re teaming up with furniture giant IKEA to raise awareness for people living without electricity. [10]

The adaptive reuse project–named the House EKC–was built of locally sourced materials and is equipped with an air-water heat pump, solar thermal panels, and dimmable LEDs. [10] Solar bags enables you to use power while literally on the go. [7] Further investments in solar arrays and geothermal power will be made across two of its major facilities in South Korea from 2019. [12] Greenstone expects utility scale solar and wind projects to continue to dominate the renewable energy investment sector in India over the next five years. [12] Higher installation levels around the world, the lack of threat to the solar investment tax credit, lower than expected tariff recommendation by U.S. ITC, strong debt financing activity, and over a billion dollars in securitization deals helped the solar industry have a much better year in terms of financial activity compared to 2016. [12] After several challenging years, most of the solar securities were up in 2017 reflecting overall positive sentiments around the solar industry even as several Chinese manufacturers decided to go private. [12] Solar pool heaters can be a great way to keep your pool heated year round at a fraction of the cost of traditional pool heating devices. [9] Solar rooftop is attractive for Commercial and Industrial consumers as their retail tariffs are considerably higher than the cost of generation in most of the states. [12] The blockchain project Solar DAO is to implement its first PV solar plants in Kazakhstan Astana, Kazakhstan (SPX) Jun 01, 2018 GOTOSOLAR, a Solar DAO project operator and owner, is announcing the first PV solar plants implementation in Kazakhstan: 4 MW in the north-west area and 4 MW in the southern area. [29] Solar public market funding was approximately 12 percent lower compared to the first nine months of 2016, with $1 billion raised in 9M 2017 compared to $1.2 billion raised during the same period of 2016. [12] Most of the VC funding raised in Q3 2017 (72 percent) went to solar downstream companies with $193 million in 13 deals. [12] The majority of the VC funding raised in Q1 2018 went to solar downstream companies with $124.5 million in 18 deals. [12] Solar downstream companies accounted for 85 percent of total VC funding in 2017, bringing in $1.4 billion of the total $1.6 billion raised. [12] Announced residential and commercial solar funds totaled $2.2 billion in 9M 2017, which was lower by almost 35 percent when compared to the $3.4 billion raised during the same period of 2016. [12] EU sets higher target for renewable energy by 2030 Strasbourg, France (AFP) June 14, 2018 The EU agreed Thursday to raise its consumption target from wind, solar and other renewable energy sources, aiming for 32 percent by 2030 rather than the previous 27 percent. [29] Upon approval by the Public Utilities Commission of Nevada, NV Energy’s current portfolio of geothermal, solar, hydro, wind and biomass projects will bring the company’s total renewable energy portfolio to more than 3.2 GW in Nevada. [28]

With Global companies such as Tesla overlooking Battery Storage innovations,this future might not be too far away.From an investment standpoint, Rooftop Solar has gained momentum and this trend is expected to continue into 2018. [12] Of the 18 total transactions in Q3 2017, 13 involved solar downstream companies, three involved PV manufacturers, and there was one transaction each by a BOS company and an Equipment provider. [12] Most of the debt raised in Q1 2018 was by solar downstream companies. [12] Solar public market financing came to $103 million in four deals in Q1 2018, a steep decline QoQ from the $657 million raised in 10 deals in Q4 2017. [12] Just one residential and commercial solar fund was announced in Q1 2018 (for $400 million), compared to $213 million raised in three funds in Q4 2017. [12] Hero Future Energies raised $125 million and CleanMax Solar raised $100 million. [12] The Top VC deal in the third quarter of 2017 was the $100 million raised by Indian rooftop installer CleanMax Solar. [12]

It intends to build more solar and wind farms on its land, but also invest in off-site renewables and purchase renewable electricity already on the market. [12] For instance, technological advances in solar are changing the fuel dynamics for America overseas as well as here at home. [28] If your home is a good fit for solar, we?ll work with our approved local installers to get you a proposal and set up the installation. [11]

Besides, solar backpacks are water resistant and can be used for all types of weather. [7]

The solar industry is in dire need of a cost-effective technique to make solar cells that can meet our future energy demands. [30] The solar cells and the battery provides energy for the motor while in motion. [7] With newly advanced solar and battery technologies which today capture and efficiently store solar power (that’s a separate and utterly remarkable story in itself), energy companies are enabling individuals, businesses, and now likely the entire state of Nevada to produce real, marketable, working energy. [28]

It’s a clean, abundant, renewable source of home-grown power,” said Joe Taylor, vice president of global technology at AT&T. “As one of the world’s largest companies, our investments can help scale this critical energy source for America’s transition to a low-carbon economy.” [12] Gain insight on the global view of ESS and PV; listen to a panel discuss fire safety considerations; hear about who’s embracing this new technology and why; and learn from well-versed technical leads and SMEs about NFPA’s 855 Energy Storage System Standard. [31] The top VC funded Smart Grid companies included: Bidgely, which secured $27 million from Georgian Partners, Khosla Ventures, E.ON, innogy, and Constellation Technology Ventures; Husk Power Systems received an equity investment of $20 million from Shell Technology Ventures, Swedfund International, and ENGIE Rassembleurs d’Energies; and Mnubo raised $16.5 million from HSB Group. [12]

Investments in PV technology companies came to $40 million and Balance of Systems (BoS) companies raised $36 million. [12]

The technology would greatly increase the benefits of wind energy and enable the competitive utilisation of wind power in Finland. [29] “The emergence of specialized batteries is dispelling the notion that one energy storage technology fits all applications.” [12]

Wartsila leading along the path towards a 100% renewable energy future Helsinki, Finland (SPX) Jun 18, 2018 The technology group Wartsila is leading the way to the power industry’s transformation towards a future that utilises 100 percent renewable energy. [29] Heavy investments are being made in wind power, which highlights the importance of this new and competitive technology. [29]

Specifically on the PV module technology, the focus would remain on lowering of cost of production by either optimizing manufacturing processes, and/ or leveraging economies of scale. [12] The low tariffs especially pertaining to Solar sector can be attributed to the decreasing cost of solar modules due to advancement in technology. [12] A report published today by the Institute for Energy Economics and Financial Analysis describes how solar energy is accelerating the transformation of the global electricity-generation sector through gains in technology innovation and price deflation. [12] Mercom’s consulting division also delivers highly respected industry market intelligence reports covering Solar Energy and Smart Grid technology. [12] Given the fact the that Clean energy technology is constantly evolving, the banks and financial institutions have limited understanding of Clean Energy Based asset finance and to harnesses the massive potential of solar energy available in India, the Government may think of creating a “Solar Bank” ( like MUDRA Bank, NABARD, SIDBI, IFCI, PFC etc.), one that is dedicated to promotion of solar energy, provide financial support and accelerate the creation of Green assets. [12]

RANKED SELECTED SOURCES(37 source documents arranged by frequency of occurrence in the above report)

1. (69) Solar cell – Wikipedia

2. (47) Home | SolarQuarter

3. (42) Solstice Blog — Solstice

4. (25) Abundant Energy

5. (23) 2018 Most Efficient Solar Panels on the Market | EnergySage

6. (21) Cost Benefits of Switching to Solar: A State-by-State Guide – The Simple Dollar

7. (18) PV Tech

8. (18) ETFE-PV-Based Cells Provide a Lightweight, Flexible, Efficient and Possibly Disruptive Solar-Cell Alternative | Engineering360

9. (18) 15 Ways to Get Solar Power Without Putting Panels on Your Roof – Conserve Energy Future

10. (13) Recent Advancements in Solar Energy – Marsh & McLennan Agency

11. (12) What is the efficiency of a solar power plant in India? – Quora

12. (11) The pros and cons of solar energy: what you need to know

13. (10) California’s Solar Power Madness | Hoover Institution

14. (9) Is a Solar Powered Future Realistic? | AIER

15. (8) Op-Ed: Helping New Jerseyans Take Control of Where Their Electricity Comes From – NJ Spotlight

16. (8) Greater American solar adoption can save military lives and ensure energy and economic security

17. (7) The Unintended Consequences of Falling Solar Prices in Africa

18. (7) New material may make’spray-on’ solar power a reality | Business |

19. (7) Ask the altE Experts: What’s Next for Renewable Energy? | Solar Power News & DIY Solar Tips

20. (6) Solar Power News

21. (6) Solar Energy News

22. (5) Advancements and recent trends in solar energy to watch out for – MotherNature

23. (5) Photovoltaics | Printed Electronics World

24. (5) Learn About Solar Energy This Summer

25. (4) Learn All About Solar Energy at Our Solarize Workshop – The Greater Cincinnati Energy Alliance

26. (4) Power Electronics for Renewable Energy Systems

27. (3) Technology and R&D pv magazine International

28. (3) Solar Energy News, Solar Technology & Information – Renewable Energy World

29. (3) Latest Solar News

30. (2) Waking for a Sunless Suhoor by Solar Alarm | About Islam

31. (2) Macquarie Capital Advances Global Energy Technology Effort with Senior Appointment

32. (2) NFPA addresses technology advances and safety i. | NFPA Xchange

33. (1) Solar energy on steroids | Staff Editorials |

34. (1) Gallium Arsenide Solar Cells Rayton Solar

35. (1) Photovoltaics Sandia Energy

36. (1) Practical Handbook of Photovoltaics | ScienceDirect

37. (1) pv magazine India Photovoltaic Markets and Technology