IIT Hyderabad researchers improve efficiency of 3rd Generation solar cells using magnetic field
Indian Institute of Technology Hyderabad Researchers has developed a novel process to improve the performance of third generation solar cells. Working with Dye-Sensitized Solar Cells (DSSC), they have shown that the incorporation of magnetic nanoparticles (Fe3O4) in the anode can enhance light-to-power conversion efficiencies. Their most recent work has been published in the journal Solar Energy, a peer-reviewed journal.
Market
There is much promise for dye-sensitized solar cells because of cost and environmental benefits possible and it is expected that with improvements in performance, DSSCs could outdo mature silicon-based solar cells. The worldwide DSSC market is projected to reach $60 million by 2023, but such a market can be tapped only with efficiency improvements. Research such as those of the IITH team can contribute towards global efforts to bring DSSCs into real-life applications.
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