A residential-sized solar panel sets a new world record for converting sunlight into electricity. This record is achieved by improving existing solar panel modules by more than 7 percent.
Oxford PV, a UK start-up company, has introduced a new generation of tandem solar cells that use a ‘miracle material’ called perovskite to improve the efficiency of conventional solar panels made of silicon.
The perovskite-on-silicon tandem solar cell showed an efficiency of 26.9 percent, which is 7.5 percent better than the current best silicon modules.
Covering an area of 1.6 square meters and weighing less than 25 kg, these solar panels are described by Oxford PV as the ‘ideal size’ for home use.
David Ward, the company’s Fitch executive, said Oxford PV’s record-breaking module represents a clear innovation in solar power generation.
The announcement by the company comes after China’s commercial-size solar panel set a record for generating 34.6 percent of electricity from sunlight.
