CORDIS Project
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This project aims to develop a low-cost solar energy system that achieves a significant reduction in electricity costs through innovative thermodynamic principles. By enhancing photoluminescence, the project seeks to improve the efficiency of solar cells, making renewable energy more competitive with fossil fuels.
Replacing fossil-fuels with solar energy in electric power generation is one of the most important challenges to humanity.
From an economic point of view, the important parameter is the Levelized Cost of Electricity (LCOE), or Levelized Energy Cost (LEC), which is the net present value of the unit-cost of electricity over the lifetime of an energy generating asset.
The minimally expected LCOE for any solar energy system in 2030 is 0.045 [€/kWh], similar to today's Photovoltaics (PV) LCOE, and at…
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