First Solar reaches a new solar energy milestoneFebruary 18, 2015
First Solar breaks its previous efficiency record with new solar cell
First Solar, a leading developer of solar energy, has reached a new milestone with its technology. The company has announced that it has reached a new efficiency record of 21.5%, dwarfing its previous record of 20.5%. First Solar expects to further increase this efficiency to 22% by the end of this year. The company’s technology has managed to attract great praise from those that are interested in solar energy.
New cell has been developed with the aid of GE Global Research
First Solar has built a new solar cell that serves as a research unit for efficiency. According to the company, the solar cell was built using materials that are viable for commercial manufacturing, meaning that it could enter mass production in the near future. GE Global Research assisted in the development of this solar cell, helping First Solar reach its latest milestone. The new technology could have major implications for commercial solar power, which is becoming more popular in many parts of the world.
Solar energy is becoming a popular way to bolster economic growth and improve the environment
Several countries have begun to invest quite heavily into solar energy, favoring this form of clean power for its economic and environmental prospects. Solar power represents a way for countries to break their reliance on fossil-fuels. Many of the conventional fuels that are used must be imported from other parts of the world, which is an expensive endeavor. With the ability to produce their own, sustainable electricity, countries can reduce their spending on fossil-fuels while also reducing the emissions that they produce every year.
Improved technology helps make solar energy more attractive
First Solar is expected to continue research and development efforts on its new solar cell and other technologies. As solar energy becomes more efficient, its attractiveness to various parties will likely grow. In the coming years, solar power is expected to become one of the world’s leading forms of renewable energy, supported by the efforts of companies like First Solar that are making breakthroughs in photovoltaic technologies.