1.

Perovskite Tandem Solar Cells: Perovskite tandem solar cells represent a significant
breakthrough in solar technology, achieving higher efficiency rates by layering traditional silicon
with perovskite materials. These cells have already exceeded 33% efficiency in laboratory
settings, compared to the sub-30% efficiency of silicon-only cells. Companies like Oxford PV are
planning to deliver commercial-size perovskite tandem cells in 2024, potentially revolutionizing
the solar energy market by offering more electricity production at a lower cost (MIT Technology
Review).
2. Innovations in Renewable Energy Components: Innovations in high-voltage power
semiconductor devices, particularly silicon carbide (SiC) and insulated gate bipolar transistors
(IGBTs), are driving advancements in renewable energy production. These technologies are
crucial for conditioning power from renewable sources and are being repurposed from electric
vehicle applications. Additionally, advancements in energy storage technologies, such as flow
batteries and mechanical storage solutions, are expected to improve the integration of intermittent
renewable sources like wind and solar into the grid (EEPower).