WHY AND HOW PHOTOVOLTAICS WILL PROVIDE CHEAPEST ELECTRICITY IN THE 21ST CENTURY

With the advent of solar panels and windmills, and our ability to generate and use electrical energy locally without the need for long-range transmission, the world is about to witness transformational changes in energy infrastructure. The use of photovoltaics (PV) as source of direct current (DC) power reduces the cost and improves the reliability of PV system. DC microgrid and nanogrid based on PV and storage can provide sustainable electric power to all human beings in equitable fashion. Bulk volume manufacturing of batteries will lead to cost reduction in a manner similar to the cost reduction experience of PV module manufacturing. Future manufacturing innovations and R & D directions are discussed that can further reduce the cost of PV system. If the current trends of PV growth continue, we expect PV electricity cost with storage to reach $0.02 per kWh in the next 8-10 years

Technical and Economic Assessment of Perovskite Solar Cells for Large Scale Manufacturing

In this paper, we have carried out detailed technical and economic assessment of perovskite solar cells for large scale manufacturing. For ultra-small area of the order of 0.1 cm2, efficiency of 20% or so are reported. However, for area of 25 cm2, the efficiency is about 10%. Based on the photovoltaic module manufacturing requirements of no constraint on the supply of raw materials, low variability of every key process and process-induced defects, low cost of manufacturing, prospects for further cost reduction in the future, green manufacturing, and long-term reliability, there are absolutely no prospects of manufacturing perovskite solar cells. No one has commercialized perovskite solar cells. Thus, contrary to hype in the literature, there is no truth that perovskite solar cells will replace silicon solar cells. We have also examined the role of perovskite solar cells for increasing the efficiency of silicon solar cells and found unsuitable both for two and four terminal device architectures

Emerging Role of Photovoltaics for Sustainably Powering Underdeveloped, Emerging, and Developed Economies

With the advent of low-cost solar photovoltaic (PV) panels and our ability to generate, store, and use electrical energy locally without the need for long-range transmission, the world is about to witness transformational changes in electricity infrastructures. The use of DC electricity enhances systemwide efficiency. DC microgrids and nanogrids powered by solar PV systems and gigawatt batteries for electricity storage can sustainably power the needs of all human beings equitably and empower every individual. Ultralarge-scale manufacturing of PV systems and batteries, a vertically integrated business model, and a targeted monetary policy of quantitative easing can rapidly power all human activities