Chemical engineering Professor Stacey Bent first became interested in a new kind of solar technology two years ago. These solar cells used tiny particles of semiconductors called “quantum dots.” Quantum dot solar cells are cheaper to produce than traditional ones, as they can be made using simple chemical reactions. But despite their promise, they lagged well behind existing solar cells in efficiency.”I wondered if we could use our knowledge of chemistry to improve their efficiency,” Bent said. If she could do that, the reduced cost of these solar cells could lead to mass adoption of the technology. In principle, quantum dot cells can reach much higher efficiency, Bent said, because of a fundamental limitation of traditional solar cells.
SolarCity and financial services company Citi have announced a new 40 million US dollar fund to finance residential solar projects in the US this year. The funds will be used to provide homeowners with solar lease options, so they will install solar panels on their home.