Solar Junction, a developer of multi-junction cells for the concentrated photovoltaic (CPV) market, today announced another jump in cell conversion efficiency.
Just one month after achieving 40.9% efficiency, the company has now reached 41.4% on a production cell; both milestones have been validated by the National Renewable Energy Laboratory (NREL).
Although 0.5% may seem like a small advancement, when multiplied over thousands of solar panels in use for 20 years, the gain in electricity production is significant. It also bodes well for the CPV industry as a whole, which has begun making strides toward commercial deployment over the last year.
Solar Junction is on a short list of finalists chosen for post-selection due diligence within the Department of Energy’s (DOE) Loan Guarantee Program (LGP). The grant would support the commissioning of Solar Junction’s 250-MW capacity manufacturing facility co-located with its headquarters in San Jose, California.
The LGP post-selection due diligence comes a year after Solar Junction
announced receiving a PV Incubator contract from the DOE.
Solar Junction expects to begin shipping commercial cells this year.
“As the debate over PV versus CPV continues, we contend that with double the efficiency of traditional photovoltaics, the CPV sector is entering a high-growth period,” said Jim Weldon, CEO of Solar Junction.
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