HyperSolar is a solar company that specializes in improving the efficiency of solar panels as a way to reduce costs and spur home and business solar panel installations. The company recently succeeded in producing solar panels that are ultra-efficient and capable of increasing photovoltaic efficiency by up to 300 percent, Forbes reports.
The company specializes in a field of science called photonics; using a technique that is similar to how a microchip works, HyperSolar's thin magnifying film routes and separates specific light spectrums and delivers them exactly where they're needed to make an array of solar panel cells ultra-efficient. The technology could ultimately cut the costs of solar installations by over 50 percent as fewer solar modules are needed to produce the same amount of energy.
HyperSolar joins a growing number of companies researching ways to increase business efficiency; solar companies are looking to make solar power as inexpensive as traditional sources of energy like coal and oil and ultra-efficient solar panels can help lead the way, according to analysts.
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