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Milestone in solar cell efficiency achieved !

A new solar cell configuration developed by engineers at the University of New South Wales has pushed sunlight-to-electricity conversion efficiency to 34.5% -- establishing a new world record for unfocused sunlight and nudging closer to the
theoretical limits for such a device.
The record was set by Dr Mark Keevers and Professor Martin Green, Senior Research Fellow and Director, respectively, of UNSW's Australian Centre for Advanced Photovoltaics, using a 28-cm2 four-junction mini-module -- embedded in a prism -- that extracts the maximum energy from sunlight. It does this by splitting the incoming rays into four bands, using a hybrid four-junction receiver to squeeze even more electricity from each beam of sunlight.
The new UNSW result, confirmed by the US National Renewable Energy Laboratory, is almost 44% better than the previous record -- made by Alta Devices of the USA, which reached 24% efficiency, but over a larger surface area of 800 cm2.
"This encouraging result shows that there are still advances to come in photovoltaics research to make solar cells even more efficient," said Keevers. "Extracting more energy from every beam of sunlight is critical to reducing the cost of electricity generated by solar cells as it lowers the investment needed, and delivering payback faster."
The result was obtained by the same UNSW team that set a world record in 2014, achieving an electricity conversion rate of over 40% by using mirrors to concentrate the light -- a technique known as CPV (concentrator photovoltaics) -- and then similarly splitting out various wavelengths. The new result, however, was achieved using normal sunlight with no concentrators.
"What's remarkable is that this level of efficiency had not been expected for many years," said Green, a pioneer who has led the field for much of his 40 years at UNSW. "A recent study by Germany's Agora Energiewende think tank set an aggressive target of 35% efficiency by 2050 for a module that uses unconcentrated sunlight, such as the standard ones on family homes.
"So things are moving faster in solar cell efficiency than many experts expected, and that's good news for solar energy," he added. "But we must maintain the pace of photovoltaic research in Australia to ensure that we not only build on such tremendous results, but continue to bring benefits back to Australia."
Australia's research in photovoltaics has already generated flow-on benefits of more than $8 billion to the country, Green said. Gains in efficiency alone, made possible by UNSW's PERC cells, are forecast to save $750 million in domestic electricity generation in the next decade. PERC cells were invented at UNSW and are now becoming the commercial standard globally.
The record-setting UNSW mini-module combines a silicon cell on one face of a glass prism, with a triple-junction solar cell on the other.

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