Novel Chemical Elements Are Shining The Way Forward As Global Solar Solutions Solar energy has long been considered to be a sustainable energy source with the potential to replace conventional coal or fossil fuel but it has always been held back by its inefficacy.

By Shlok Sharma

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences Asia Pacific, an international franchise of BIZ Experiences Media.

Photo by American Public Power Association on Unsplash

Solar energy has long been considered to be a sustainable energy source with the potential to replace conventional coal or fossil fuel but it has always been held back by its inefficacy. However, technology has once again pulled through with the discovery of a new compound which is created by combining palladium with a chalcogen, enhancing its ability to convert light flux into electricity.

There are two things that are stopping the widespread adoption of solar energy all around the world. The first is infrastructure and the second is solar efficiency, or the capacity for converting sunlight into electricity. In domestic applications, solar panels are only able to achieve approximately 20% of solar efficiency, which means only 20% of the sunlight that is absorbed is converted into electricity, which doesn't warrant the amount of money and manpower that it requires to create a more widespread adoption.

On its own, palladium does not have any photo characteristics but the qualities that the synthesized version shows a capacity for converting light quanta into energy at an effective rate. However, there are some challenges which require the stabilization of the synthesization process and extensive research is needed before they are able to even attempt creating something that is suitable for domestic usage.

However, that hasn't stopped the world's leading palladium supplier, Nornickel's Head of R&D, Sergey Saltykov, from being optimistic, "It will not be too long before we have a working prototype of solar panels that is created with synthesized palladium. Not only will the new palladium-based solar cell be more efficient than conventional solar cells, but it will also play a part in renewable energy. Palladium is the future of sustainability."

With the discovery of synthesized palladium chalcogenide, the solar industry is expecting a major game changer. The technology has the potential to develop unprecedented efficiencies in solar panels. It will also become a leading trend in the industry as sustainable, renewable energy gains traction.

In our modern age, renewable, clean energy will be the first choice as the state of our world's natural environment is becoming increasingly dire. With global warming at the forefront of every country's priority to tackle, countries are scrambling for new innovations that can simultaneously heal the world and reduce carbon emissions.

Solar power can be one of the most viable solutions to renewable energy and it has been increasing its popularity through 2032, with the Asia-Pacific region leading the way in solar technology. The solar industry accounts for almost half of the global market revenue and is only projected to grow even further in the coming years.

If scientists and engineers are able to stabilize the synthesis of palladium and incorporate it into solar cell generation, the world should expect a monumental shift in the way that energy is consumed and it may even change the way that we live as off the grid living would be made a lot more feasible to many with this technology.

Marketing

Content Marketing Trends for 2020: Are we ready?

With every click on the keyboard, there is content being added to this virtual infinite universe that is being created, trillions of pieces of content get created every day

Leadership

What Will the Corporate Board Look Like in the Next 5 Years?

The board of the future will look a lot different as our society pushes for more diversity, a purpose-driven culture, better corporate reputation, sustainability, talent and resilience.

Science & Technology

What You Need to Know About This New Cybersecurity Trend

There's a new trend in cybersecurity that's likely going to play a critical role in keeping our data secure and private: confidential computing. Here's why and how it's going to change some of mankind's most important industries.

News and Trends

Harvard Comes to India - An Opportunity for BIZ Experiencess?

Online programmes offered by foreign universities are becoming popular but need local support

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.