In innovative perovskite solar systems, the volume of solar energy that can be converted into electricity from a single solar cell has set a new world record.
The innovative cell manufactured by Oxford PV has proven itself by transforming 29.52% solar power into electricity independently. By comparison, the average convertibility rate for regular silicon cells for millions of households globally is just 15-20% and the realistic optimum conversion rate is about 26%.
Solar energy is key in decarbonizing the global energy market and is expected to provide 50% of the world s energy by 2050 and various companies are working towards it like Tata Power Solar and Fourth Partner Energy