A new solar panel technology has achieved a record efficiency of 45%, a significant leap from the previous benchmark. This advancement promises to make solar energy more affordable and accessible globally.

The technology utilizes a multi-junction cell design that captures a broader spectrum of sunlight. Researchers have successfully addressed previous durability concerns, ensuring the panels have a lifespan comparable to current commercial models.

Industry analysts predict this innovation could accelerate the transition away from fossil fuels, particularly in regions with high solar potential. The first pilot installations are scheduled for early next year.