Nanosolar is leading the “Third Wave”
of solar power technology:
The First Wave started with the introduction of
silicon-wafer based solar cells over three decades ago. While
ground-breaking, it is visible until today that this technology came
out of a market environment with little concern for cost, capital
efficiency, and the product cost / performance ratio.
Despite continued incremental improvements, silicon-wafer cells have
a built-in disadvantage of fundamentally high materials cost and
poor capital efficiency. Because silicon does not absorb light very
strongly, silicon wafer cells have to be very thick. And because
wafers are fragile, their intricate handling complicates processing
all the way up to the panel product.
The Second Wave came about a decade ago with the
arrival of the first commercial "thin-film" solar cells. This
established that new solar cells based on a stack of layers 100
times thinner than silicon wafers can make a solar cell that is just
as good. However, the first thin-film approaches were handicapped by
two issues:
The cell's semiconductor was deposited using slow and
expensive high-vacuum based processes because it was not known
how to employ much simpler and higher-yield printing processes
(and how to develop the required semiconductor ink).
The thin films were deposited directly onto glass as a
substrate, eliminating the opportunity of
using a conductive substrate directly as electrode (and thus
avoiding bottom-electrode deposition cost),
achieving a low-cost top electrode of high performance,
employing the yield and performance advantages of individual
cell matching & sorting,
employing high-yield continuous roll-to-roll processing, and
developing high-power high-current panels with lower
balance-of-system cost.
The Third Wave of solar power consists of companies
addressing the above shortcomings and opportunities. Most every of
the new companies address one or the other of the above aspects. One
company -- Nanosolar -- brings together the entire conjunction of
all seven areas of innovation, each break-through in their own
right, to deliver a dramatic improvement in the cost-efficiency,
yield, and throughput of the production of much thinner solar cells.