Oxford PV has recently achieved a groundbreaking milestone in solar panel efficiency. Their 60-cell residential solar panel has reached a conversion efficiency of 26.9%, surpassing the current best silicon panels, which hover around 25%.
Oxford PV Achieves World Record in Solar Panel Efficiency
As a company emerging from the University of Oxford, Oxford PV has claimed a new world record in solar panel efficiency. Their 60-cell solar panel, designed for residential use, has reached a conversion efficiency of 26.9%.
Electrek reported that this achievement surpasses the efficiency of the best silicon panels available, which is around 25%, underscoring Oxford PV's significant progress in solar energy technology.
Germany's Fraunhofer CalLab has independently verified and certified the efficiency of Oxford PV's latest solar panel. The breakthrough is due to Oxford PV's innovative use of perovskite-on-silicon tandem solar cells, which have the potential to achieve over 43% efficiency.
This far exceeds the theoretical maximum of under 30% for traditional silicon solar cells. Oxford PV, based in Yarnton, England, manufactures these advanced high-efficiency tandem solar cells at its facility in Brandenburg an der Havel, Germany.
Oxford PV has outlined a strategic plan to enhance its solar panel technology beyond 30% efficiency. The company aims to scale up the production of its tandem solar cells to gigawatt levels within the next few years.
This advancement in solar module efficiency represents a significant leap in solar power generation. It promises benefits for homeowners, businesses, and utility companies, delivering up to 20% more power without increasing the installation footprint.
This improvement not only reduces installation costs but also accelerates the transition to cleaner energy, contributing substantially to global decarbonization efforts.
The company's strategic plan to push efficiency beyond 30% and scale production to gigawatt levels underscores its commitment to advancing solar power generation.
This innovation promises to deliver up to 20% more power for homeowners, businesses, and utilities, reduce installation costs, and accelerate the transition to cleaner energy sources.
As Oxford PV continues to expand its operations and enhance its technology, its contributions will play a crucial role in global decarbonization efforts and the broader adoption of renewable energy solutions.
A Chinese startup has announced plans to begin large-scale production of tandem silicon-perovskite solar cells at a new manufacturing facility in Jiangsu province.
Similarly, Oxford PV is poised to advance this technology into the market from its manufacturing base in Germany, a promising future for perovskite solar panels on a commercial scale.
Read Also : 'Miracle Material' Perovskite Helps Scientists Break the 30% Efficiency Barrier of Solar Panels
New Solar Panel Efficiency Confirmed by Fraunhofer CalLab
Oxford PV announced that Fraunhofer ISE (Fraunhofer CalLab), which specializes in measuring solar cells and modules, confirmed the efficiency of its new solar panel. The 60-cell double-glass module, covering just over 1.6 square meters and weighing less than 25 kilograms, is perfect for residential use.
David Ward, CEO of Oxford PV, noted that this new solar panel represents a major improvement in solar power. It provides over 20% more power without taking up extra space, benefiting homeowners, businesses, and utility companies.
