Test results indicate that the company’s breakthrough design will produce conversion efficiency far in excess of current solar technology
“Increasing conversion efficiency and reducing manufacturing costs will ultimately drive solar to economic parity with the low cost alternatives”“We are very encouraged by these test results,” said Jim Nelson, President and CEO of Solar3D. “We are now evaluating various methods of fabricating a prototype. If the results of our tests hold up in fabrication, as we expect, then our product’s performance will be among the very highest conversion efficiencies achieved by silicon solar cells.”
After completion of its prototype, the company’s management plans to seek a manufacturing partner that will participate in bringing its 3-dimensional solar cell to market. Likely manufacturing partners include some of the world’s largest semiconductor manufacturers.
Nelson continued, “These test results are very exciting and give us a great deal of confidence in the development path we have chosen. We think that our novel 3-dimensional solar cell has the potential to dramatically change the economics of solar power. A high efficiency solar cell manufactured with low cost silicon could result in the lowest cost per watt in the industry.”
“Increasing conversion efficiency and reducing manufacturing costs will ultimately drive solar to economic parity with the low cost alternatives,” said Nelson. “With the increased efficiency that comes from our new design, we take a giant step in that direction.”
About Solar3D, Inc.
Solar3D, Inc. is developing a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30% of incident sunlight is currently reflected off the surface of conventional solar cells, and more is lost inside the solar cell materials. Inspired by light management techniques used in fiber optic devices, our innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. This next generation solar cell will be dramatically more efficient, resulting in a lower cost per watt that will make solar power affordable for the world. To learn more about Solar3D, please visit our website at http://www.Solar3D.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Source: http://www.businesswire.com/news/home/20111213005854/en/Solar3D-Projects-25-Efficiency-Silicon-3-Dimensional-Solar
No comments:
Post a Comment