SANTA BARBARA, CA--(Marketwire - Feb 27, 2012) - Solar3D, Inc. (
"This major breakthrough combined with our record-setting high efficiency design can result in a solar cell that can produce 200% of the power of conventional silicon solar cells," said Jim Nelson, President and CEO of Solar3D. "Conventional solar cells become dramatically less efficient if the sun is not shining within a narrow range of incident angles. Sunlight that hits the cell outside of this range will be reflected off, and the reduced solar energy causes the cell's internal efficiency to drop. Because of a unique wide-angle design, our solar cell can maintain its high efficiency over a wider range of incident angles. It can capture more light in the morning and evening hours, as well as in the winter months when the sun is not directly overhead."
The key to this breakthrough is a special design on the cell surface that collects sunlight over a wide range of angles. The collected light is then forced into 3-dimensional photovoltaic micro-structures beneath the cell surface that trap the light and convert it into electricity. As the sun moves across the sky, throughout the day or year, the Solar3D cell will be able to maintain its high conversion efficiency, as if the sun was directly above it.
"This new design element serves to lower the Total Cost of Ownership of a solar power system by allowing it to capture more sunlight and produce more electricity," added Nelson. "Even though our cells' internal conversion efficiency is already 50% more than that of conventional solar cells, we believe we are even more efficient if we compare the total power output per day. By that measure, our cell can produce as much as twice as much power than conventional solar cells."
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.
Contact Information:
Press Contact:
James Nelson
805/690-9000