Panasonic Prototype Solar Cell reaches the highest global conversion rate of 24.7%

According to a report from the "Japan Economic News" published on February 11, Japan's National Institute of Advanced Industrial Science and Technology (AIST) recently confirmed that Panasonic's prototype solar cells have achieved a record-breaking efficiency of 24.7%, making it the highest in the world. This breakthrough surpasses the previous global record of 24.2%, which was held by U.S.-based SunPower (SPWR), as noted in the prestigious journal *Progress in Photovoltaics*.

The key to this achievement lies in Panasonic's advanced surface film technology, which allows more sunlight to be absorbed while improving the efficiency of power transmission through the electrodes. The company is now aiming to bring this innovative design to market, with the goal of boosting the conversion efficiency of commercially available solar panels—currently at around 21.6%—to match the performance of their prototype.

In addition to improving efficiency, Panasonic is also focused on reducing production costs by 20%. To achieve this, the company plans to expand its manufacturing operations in Malaysia, where it will use more locally sourced components and reduce reliance on Japanese-made parts. This strategy not only supports cost reduction but also strengthens its global supply chain resilience.

This development marks a significant milestone in the ongoing competition for higher solar cell efficiency and lower production costs, positioning Japan as a strong contender in the renewable energy sector. As the demand for clean energy continues to rise, innovations like these could play a crucial role in accelerating the transition to sustainable power solutions worldwide.

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