Researchers discover that a material known for a hundred years could lower the cost of solar power. A new type of solar cell, made from a material that is dramatically cheaper to obtain and use than silicon, could generate as much power as today’s commodity solar cells.
The Best Material For Making Solar Panels
Although the potential of the material is just starting to be understood, it has caught the attention of the world’s leading solar researchers, and several companies are already working to commercialize it.
Researchers developing the technology say that it could lead to solar panels that cost just 10 to 20 cents per watt. Solar panels now typically cost about 75 cents a watt, and the U.S. Department of Energy says 50 cents per watt will allow solar power to compete with fossil fuel.
In the past, solar researchers have been divided into two camps in their pursuit of cheaper solar power. Some have sought solar cells that can be made very cheaply but that have the downside of being relatively inefficient. Lately, more researchers have focused on developing very high efficiency cells, even if they require more expensive manufacturing techniques.
The new material may make it possible to get the best of both worlds—solar cells that are highly efficient but also cheap to make.
One of the world’s top solar researchers, Martin Green of the University of New South Wales, Australia, says the rapid progress has been surprising. Solar cells that use the material “can be made with very simple and potentially very cheap technology, and the efficiency is rising very dramatically,” he says.
Perovskites have been known for over a century, but no one thought to try them in solar cells until relatively recently. The particular material the researchers are using is very good at absorbing light. While conventional silicon solar panels use materials that are about 180 micrometers thick, the new solar cells use less than one micrometer of material to capture the same amount of sunlight. The pigment is a semiconductor that is also good at transporting the electric charge created when light hits it.
“The material is dirt cheap,” says Michael Grätzel, who is famous within the solar industry for inventing a type of solar cell that bears his name. His group has produced the most efficient perovskite solar cells so far—they convert 15 percent of the energy in sunlight into electricity, far more than other cheap-to-make solar cells.