Recently, Solar Junction, A developer of high efficiency multi-junction cells for the concentrated photovoltaic (CPV) market, has achieved world-record for 43.5 percent efficiency on a commercial-ready 5.5 mm x 5.5 mm production cell.
This record is just a step in direction of improvement with hope of much better achievement in concentrated photovoltaic cell. Efficiency is always important in photovoltaic, but it's probably even more important in CPV.The accomplishment of high efficiencies for devices based on Moderated Photovoltaic i.e concentrated photovoltaic technology has made a hope that concentrated photovoltaic will provide viable solution for solar energy to be treated as real alternate energy resource in near future.
