Solar3D Sets World Record for Silicon Solar Cell
January 03 2012 - 3:01AM
Business Wire
Solar3D, Inc. (OTCBB: SLTD), the developer of a breakthrough
3-dimensional solar cell technology to maximize the conversion of
sunlight into electricity, has performed a series of tests of its
new silicon solar cell design that projects the efficiency to be
25.47%, dramatically higher than current technology.
“Our recent tests involve a larger design that contains multiple
micro 3D photovoltaic structures that will make up a complete
Solar3D cell. The results have exceeded our expectations,” said Jim
Nelson, President and CEO of Solar3D. “If the results of the
simulations hold up in fabrication, as we expect, our cell’s
performance will be the highest conversion efficiency achieved in
silicon solar cells.”
The company’s innovative solar cell technology utilizes a
3-dimensional design, with increased cell surface area, to permit
each solar cell to extract the maximum energy possible out of
incident sunlight. Solar3D’s management believes that this
breakthrough solar cell design will dramatically change the
economics of solar energy.
Nelson continued, “Our objective has always been to change the
world by providing affordable solar power. At this level of
conversion efficiency and expected manufacturing cost, we intend to
do just that.”
Solar3D completed the design of its new innovation, the
3-dimensional solar cell, several weeks ago. As the Company nears
the completion of its prototype, management will seek a fabrication
partner, most likely in the semiconductor industry, who will
participate in bringing the product to market.
“It will be continuing increases in solar cell efficiency, along
with decreases in manufacturing costs, that will drive solar
electricity to economic parity with current methods of power
generation,” said Nelson. “With the 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.
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