DAILY INNOVATION BRIEF by Maryanne Kane, Journalist
D A ILY INNOVATION BRIEF By Journalists Edward Kane & Marya nne Kane BIG SOLAR POWER BREAKTHROUGH Source: Oxford PV, Oxford An Oxford University spinoff company has created the world's most efficient solar panel. Here's what we know: British scientists just set the world record for solar panel efficiency at 25% Average commercial solar panel conversion rate is 16% Spinoff company is called Oxford PV They collaborated on this breakthrough with Germany's Fraunhofer Institute for Solar Energy Systems They achieved 25% conversion efficiency, which is the percentage of solar energy hitting a solar panel converted into electricity Oxford PV believes they can reach 43% That would leave the theoretical limit of 30% in the dust Why is this important? It means cheaper, more efficient solar power and much more el...