Obtained by Newport Corp's Technology and Application Center (TAC) Photovoltaic Laboratory Certification and NREL confirmed that First Solar (NASDAQ: FSLR) recently reported a world record of 20.4% conversion efficiency for cadmium telluride (CdTe) solar cells. The previous record (19.6%) was set in 2013 by the technology partner and shareholder GE. Raffi Garabedian, First Solar’s ​​chief technology officer, said: “This record marks another achievement in our mission to unlock the potential of CdTe's photovoltaic industry. We are demonstrating that CdTe's photovoltaic performance is significantly surpassing The speed of conventional silicon technology tracks approaching the final quota has improved, and the synergy achieved in our partnership with GE also demonstrates our continued strong investment value in research and development.We developed advanced technologies for this record-breaking battery. Technologies and processes have been commercialized and will positively impact the performance of our future production of components and power stations." The company pointed out in its discussion of the fourth quarter 2013 results that its best production line achieved 14.2% component conversion efficiency.
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First Solar Exceeds GE's CdTe Battery Efficiency Record