Overview
Solar energy innovation encompasses perovskite solar cells, bifacial panels, building-integrated photovoltaics (BIPV), and floating solar farms. Perovskite cells promise to double efficiency while halving costs. Agrivoltaics combines solar panels with farming. Solar-plus-storage systems provide reliable power around the clock. The levelized cost of solar electricity has dropped 89% since 2010, making it the cheapest source of new electricity in most of the world. Global solar capacity is projected to triple by 2030.
Tags
solar powerperovskitephotovoltaicsrenewable energy
Economic Impact
High Impact
89% cost reduction since 2010, projected $1T+ annual investment by 2030.
Emerged
2018