logo
Share SHARE
FONT-SIZE Plus   Neg

Nikkei: Panasonic Creates New Record In Solar Cell Efficiency

Japanese consumer electronics giant Panasonic Corp.'s (PC) prototype solar cell has achieved the world's highest conversion efficiency at 24.7 percent, Nikkei reported citing the tests performed by the National Institute of Advanced Industrial Science and Technology.

This exceeds the previous record of 24.2 percent held by U.S. firm SunPower Corp. (SPWRA,SPWRB,SPWR), which is still considered as the world's highest by Progress in Photovoltaics, a well-known publication in the area of solar energy research.

The surface membrane of the Panasonic prototype allows more sunlight to pass through. Additionally, its electrodes transfer electricity more efficiently. The company plans to commercialize the prototype and enhance the conversion efficiency of its mass-market solar cells that now stands at 21.6 percent.

While Panasonic's solar cell business has been profitable, it sees a tough business environment ahead. In order to boost profitability, it aims to develop more efficient solar cells that focus on household products that offer more price stability compared to other uses.

Panasonic is also working on lowering its solar cell production costs by 20 percent. This is expected to be achieved by way of manufacturing them at a plant in Malaysia. The firm also plans to use more of parts made outside its home country.

PC closed down 5.4 percent on Friday at 716 yen.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT