Perovskite Solar Cells Could Replace Silicon (But There’s a Catch)
The solar industry stands at a pivotal crossroads as perovskite solar cells emerge to challenge silicon’s four-decade dominance of the photovoltaic market. Silicon currently commands over 95% of global solar installations, yet perovskite technology has achieved a remarkable efficiency leap from 3.8% to over 26% in just fifteen years—a progression that took silicon nearly half a century. This unprecedented advancement has sparked intense debate among researchers, manufacturers, and investors about whether perovskites represent an evolutionary improvement or a revolutionary replacement for conventional silicon panels.
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