New solar cells could reduce cost of solar energy by 75%

Source: Zeenews

Washington: A new solar technology developed by researchers at RTI International could make solar energy more affordable, and thus speed-up its market adoption.

The RTI solar cells are formed from solutions of semiconductor particles, known as colloidal quantum dots, and can have a power conversion efficiency that is competitive to traditional cells at a fraction of the cost.

Solar energy has the potential to be a renewable, carbon-neutral source of electricity but the high cost of photovoltaics – the devices that convert sunlight into electricity – has slowed widespread adoption of this resource.

The RTI-developed solar cells were created using low-cost materials and processing techniques that reduce the primary costs of photovoltaic production, including materials, capital infrastructure and energy associated with manufacturing.

Preliminary analysis of the material costs of the technology show that it can be produced for less than 20 dollars per square meter—as much as 75 percent less than traditional solar cells.

“Solar energy currently represents less than 1 percent of percent of the global energy supply, and substantial reductions in material and production costs of photovoltaics are necessary to increase the use of solar power,” said Ethan Klem, a research scientist at RTI and co-principal investigator of the project.

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