Santa Barbara, California-based Solar3D is now publicly traded on the Over the Counter Bulletin Board (OTCBB). The company has developed a 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity that they believe is a game changer for the solar industry. If they are correct, their solar cell will be significantly more efficient, resulting in a lower cost per watt that will make solar power more affordable.
“Solar3D’s new listing on the OTCBB is a major milestone in the company’s business strategy,” said Jim Nelson, CEO, Solar3D. “Now, new investors will have a chance to participate in the rapidly growing solar market with a next generation 3-dimensional solar cell.”
The company’s technology was inspired by the light management techniques used in fiber optic devices. Solar3D’s solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photos bounce around until they are converted into electrons.
“Despite the dramatic growth of the solar industry, solar electricity accounts for less than 1% of global electricity generation,” explained Nelson. To truly deliver solar power to the world, solar cells must become more efficient and convert more sunlight into electricity at a lower cost. We believe Solar3D’s breakthrough 3-dimensional solar cell technology is a unique solution that will help tip the solar cost curve in the direction of massive scalability and global deployment.”
Nelson concluded, “Our approach combines micro-photovoltaics and innovative light management in a 3D solar cell to achieve the high efficiencies of crystalline silicon at the low cost per watt of thin film. Using 3D solar cells as the fundamental building blocks, highly efficient solar panels, arrays and solar power plants can be created.”