The competition in the Solar Tech industry is flaring up

The competition in the Solar Tech industry is flaring up

Tuesday, 13 October 2015:
Lately, things are really beginning to flare up in the solar techniverse and this can very well be seen with Tesla’s Elon Musk’s recent announcement about its higher efficiency solar panels. He mentioned that his solar panels have been tested to have an “effective 22.04% conversion efficiency” and they would come at a cheaper price too with SolarCity at the helm of its production. However, before we go any further, let’s take a step back and revisit a few significant events that happened which paved way to these figures.

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It was only months ago, on April 24 that Trina Solar, one of the world’s leading solar PV modules manufacturers announced that it had set a new world record for high efficiency p-type multi-crystalline silicon PV modules with an efficiency of 19.14%. Besides that, Trina Solar is also the world record holder for efficiency on lab-based multi-crystalline silicon PV modules which currently stands at 20.8%.

Three days later, Germany-based Manz made a statement of their achievement in producing 16%-efficient Copper Indium Gallium Selenide (CIGS) solar modules and was achieved in a commercially mass-produced environment. The very next day, on April 28, Taiwan-based TSMC Solar released their statement that they have surpassed Manz’s efficiency with a 0.5% increment on the same type of PV modules.

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Notice that all three efficiency records were associated with mass production of solar PV modules and there still remains a gargantuan potential to up the efficiency of these PV modules and we have now seen come to past in Tesla together with SolarCity. However, just a week after Elon Musk’s anouncement, Panasonic’s Eco Solutions department spoke up with their launch of the most powerful PV panel in the world, measuring at 22.5% solar energy conversion efficiency on a commercial-sized module. However, these panels are ‘thin layer’ solar cells which are more expensive than the ones at SolarCity but Panasonic is already set for production in this month itself.

With all the news and info above, it is definitely a good time to be alive with all the technological advancements in Renewable Energy (RE) and more specifically in the Solar Energy Industry.

Source(s): Clean Technica, Guru3D, Computer World, KL Gadget Guy


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