Using a novel technology that adds multiple innovations to a very high-performance crystalline silicon solar cell platform, a consortium led by the University of Delaware has achieved a record-breaking combined solar cell efficiency of 42.8 percent from sunlight at standard terrestrial conditions.
That number is a significant advance from the current record of 40.7 percent announced in December and demonstrates an important milestone on the path to the 50 percent efficiency goal set by the Defense Advanced Research Projects Agency (DARPA). In November 2005, the UD-led consortium received approximately $13 million in funding for the initial phases of the DARPA Very High Efficiency Solar Cell (VHESC) program to develop affordable portable solar cell battery chargers.
Combined with the demonstrated efficiency performance of the very high efficiency solar cells' spectral splitting optics, which is more than 93 percent, these recent results put the pieces in place for a solar cell module with a net efficiency 30 percent greater than any previous module efficiency and twice the efficiency of state-of-the-art silicon solar cell modules.
My emphasis added. Today most solar panels deliver maybe 10% of solar energy as electricity. These new panels are 4 times as efficient as most existing panels! Also:
The highly efficient VHESC solar cell uses a novel lateral optical concentrating system that splits solar light into three different energy bins of high, medium and low, and directs them onto cells of various light sensitive materials to cover the solar spectrum. The system delivers variable concentrations to the different solar cell elements. The concentrator is stationary with a wide acceptance angle optical system that captures large amounts of light and eliminates the need for complicated tracking devices.
Very exciting developments! Well maybe only exciting for me, but still very good developments.