Harnessing Sun's Power
Solar energy systems convert sunlight into electricity. Using photovoltaic cells, they capture photons, creating an electric current. This technology dates back to 1954, first used in space technology before becoming mainstream.
Photovoltaic Cell Evolution
Early solar cells had a 6% efficiency rate; today's versions exceed 20%. Advancements in materials like perovskite are pushing boundaries, potentially leading to over 30% efficiency, revolutionizing energy cost metrics.
Concentrated Solar Power
Unlike photovoltaics, Concentrated Solar Power (CSP) uses mirrors to focus sunlight, heating a fluid to drive turbines. The world’s largest CSP plant in Morocco powers over a million homes.
Solar's Storage Challenge
Solar energy is intermittent, but new storage solutions like lithium-ion batteries and molten-salt energy storage are helping to stabilize supply, making solar power more reliable and grid-friendly.
Solar Installations Surge
Global solar installations are skyrocketing. China leads with the largest installed capacity, while countries like Australia have the highest per capita solar power use, driven by residential installations.
Agri-voltaics combine agriculture with solar energy, allowing for dual land-use. Plants grow beneath solar panels, which provide shade and reduce water needs, while the land generates clean energy.
Solar industry job creation is outpacing traditional energy sectors, with solar technician roles growing rapidly. Falling costs and government incentives are making solar investments increasingly attractive and accessible.