While the future of solar power is exciting, it is not without challenges. Despite the potential of the technology, several factors need to be considered. For instance, there are a few issues with SBSP. While it is still in its conceptual stage, the US Naval Research Laboratory conducted its first test in May of last year news. In South Korea, researchers developed the world's first fully transparent solar panel. Traditional solar panels are opaque due to the layers of semiconductors. But researchers at Incheon University in South Korea developed a material that is 100% transparent. Titanium dioxide and nickel oxide are the two most common ingredients in titanium dioxide. A double-sided panel was also developed last year.
The new material is gallium arsenide, which can make solar PV systems three times more efficient. The material can be altered chemically to maximize sunlight capture. The system is also equipped with a sensor-driven window blind and light pipes that allow solar cells to collect and store sunlight. The technology is still in its early stages, but it will soon be cheaper than fossil fuels. It will eventually provide 8% of the world's electricity, according to the OECD.
The solar industry is going to spike quickly over the upcoming years. It is something to look forward to.