Nanosolar has declared achieving 11.6% efficiency benchmark for the Nanosolar Utility Panel and 13.9% for its printed Copper, Indium, Gallium, Selenium solar cells. These benchmarks have been specified by the Fraunhofer Institute for Solar Energy (ISE) and the National Renewable Energy Laboratory (NREL).
The company is also collaborating with Munich Re to provide panel warranty. It will also participate in the European panel recycling organization PV Cycle.
Geoff Tate, chief executive officer of Nanosolar, said his company is endeavoring to offer cost -efficient and renewable solar energy through printed CIGS technology and panel design to reduce costs. The CIGS and nanoparticle inks are printed directly on the aluminum foil. The all-back-contact solar cells are molded into solar panels with its cost-effective metal wrap technique.
The panel helps lower hardware costs, wiring cable count, and installation labor in installations. It uses two edge connectors, generates enhanced power and operates at a low voltage. It has been certified by TUV to operate at 1500V. The design enables systems cost savings. The panel warranty offers insurance cover for 25 years.