New Hampshire, USA -- The two current record-holders in concentrated solar PV (CPV) cell and module technology hope that combining efforts will boost performance, and lower costs, to finally fulfill CPV's promise of lower levelized cost of electricity (LCOE) compared with other solar technologies.
Last October Solar Junction topped 44 percent efficiency with its multijunction solar cells. Amonix set the top market for a CPV module in May 2012 at 33.5 percent, using ~40 percent efficient cells supplied by Spectrolab. Putting the two together will push the end efficiency significantly higher, they believe, which is the key to reducing total system costs over time. And that is CPV's real selling point over other solar PV technologies: despite higher upfront costs, it makes up for that with lower LCOE over the system's lifetime.