Scientists have developed a new type of solar panel that converts sunlight into electricity with unprecedented efficiency. The breakthrough technology uses advanced perovskite materials that significantly outperform traditional silicon-based solar cells.

The new panels achieved 35% efficiency in laboratory tests, compared to the 20-22% efficiency typical of conventional solar panels. This represents a major step forward in making solar energy more cost-effective and accessible.

Researchers emphasize that this technology could dramatically reduce the cost of solar energy production. The panels are also more environmentally friendly to manufacture, using less energy and producing fewer emissions during production.

This represents a quantum leap in solar technology that could transform how we harness renewable energy.

Commercial production is expected to begin within two years, with several major energy companies already expressing interest in licensing the technology. The development team projects that widespread adoption could significantly accelerate the transition to renewable energy sources worldwide.