SANTA BARBARA, Calif.--(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 been featured in an article published by MIT’s prestigious technological journal, Technology Review.
Inspired by light management techniques used in fiber optic devices, the company’s 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. Solar3D’s management believes that this breakthrough solar cell design will dramatically change the economics of solar energy.
“It is exciting to see our innovative 3-dimensional solar cell highlighted by a publication like Technology Review,” commented Jim Nelson, President and CEO of Solar3D. “The publication recognizes the top advances in a broad spectrum of science. We feel gratified to be counted as part of the great breakthroughs among the advances in solar technology.”
With the design complete, Solar3D has begun the process of evaluating methods of fabricating a prototype along with techno-economic analysis of the new solar cell. The article reported that Solar3D’s new 3-dimensional solar cell will have two principal sections: the Light Collector section and the Micro Photovoltaic section. The purpose of the design is to eliminate reflection and electron re-absorption.
Nelson continued, “The article describes our focus on mass production and competitiveness. We focus on both of those items to help us move closer to grid parity. Ultimately, our overriding objective is to make solar energy affordable to the world and to achieve its destiny of becoming the primary source of energy for mankind.”
As the Company nears the completion of its prototype in the next few months, management will seek a fabrication partner, most likely in the semiconductor industry, who will participate in bringing the product to market.
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.
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