Double The Power, Half The Panels: Scientists Tout Tandem Solar Cells For Capturing Record Energy
Portfolio Pulse from Aaron Bry
Tandem solar panels, developed by LONGi, have achieved a record-breaking 33.89% efficiency, significantly higher than the current 20-22% efficiency of commercial panels. This innovation could reduce the number of panels needed, cut installation costs, and benefit solar companies like Sunrun Inc and Enphase Energy, as well as the Invesco Solar ETF.
October 01, 2024 | 6:42 pm
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POSITIVE IMPACT
Enphase Energy may benefit from the tandem solar panels' efficiency, potentially enhancing the attractiveness of their solar solutions.
Enphase Energy could see increased demand for its products as tandem solar panels make solar energy more efficient and cost-effective.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Sunrun Inc could benefit from the increased efficiency of tandem solar panels, which may make residential solar more attractive and reduce costs.
The increased efficiency of tandem solar panels could make residential solar installations more attractive, potentially boosting Sunrun's business.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Invesco Solar ETF, which tracks the solar industry, could benefit from the advancements in tandem solar panel technology despite recent market declines.
The ETF could see positive impacts from the increased efficiency of solar panels, which may drive growth in the solar sector.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60