Emerging Markets for Concentrated Photovoltaics (CPV)

clipped from www.worldofrenewables.com Simultaneously, advancements in companies developing high-efficiency multi-junction cells, which may be used in conjunction with CPV, are another boost to the field. Analysis Concentrated photovoltaics (CPV) is still a relatively new branch of solar technology, but its recent progress has elevated its position in the market for providing clean renewable energy. In general, CPV uses lenses or mirrors and tracking systems to focus a large region of sunlight into a narrow beam, where the concentrated light is utilized as a heat source for a conventional power plant or is concentrated onto solar cells or photovoltaic surfaces. In the last several years, the number of companies developing CPV systems has increased to over 30. Simultaneously, advancements in companies developing high-efficiency multi-junction cells, which may be used in conjunction with CPV, are another boost to the field.