Oxford PV is the pioneer and leader in the field of perovskite solar cell technology.
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Key to enabling the growth of solar power globally is high efficiency and low cost. While the cost of generating energy with the mainstream photovoltaic technology – silicon (over 92% of the market) continues to reduce slowly, this is now driven mostly by material cost savings, as the silicon technology is reaching its efficiency limit. By adding Oxford PV’s low cost, thin film perovskite solar cell technology on top of conventional silicon solar cells (typical efficiency ~20-22%), in a tandem configuration, efficiency can increase beyond 30% – a performance level not achievable with silicon alone. The high efficiency and low cost of perovskite-on-silicon tandem solar cells will drive down the cost of generating electricity globally using photovoltaics, decreasing the levelized cost of electricity of solar installations. Enabling cleaner, lower cost electricity, fundamental for driving the world toward an all-electric future.