A leading UK researcher and entrepreneur, Henry Snaith, is advocating for increased support for solar technology in the UK. As the Professor of Renewable Energy at Oxford University Physics Department and the chief scientific officer of Oxford PV, Snaith highlights the challenges faced by the solar industry in the country. Despite being at the forefront of scientific innovation, the UK lags behind in providing the necessary fiscal and commercial incentives to drive the growth of solar technology.
According to Professor Snaith, the UK government's focus on building new solar farms is limiting the potential for commercializing innovations in the solar sector. He emphasizes the importance of directing attention towards manufacturing and supply chain development to capitalize on the opportunities presented by the global green economy. Without new incentives and a clear pathway for converting innovation into manufacturing, the UK risks missing out on leading the emerging global industry.
In contrast, the US government has taken steps to address the technology gap in solar cell production through initiatives like the Defense Production Act. This proactive approach has enabled US companies to make significant advancements in solar technology, positioning them as key players in the global market.
Oxford PV, under the leadership of Professor Snaith, has made remarkable strides in the field of solar technology. The company recently launched a residential-size module with a record-breaking efficiency of 26.9%, surpassing traditional silicon modules. This breakthrough in double-glass module design not only enhances power generation but also offers cost savings and accelerates the transition to clean energy.
David Ward, CEO of Oxford PV, highlights the significance of the company's achievement, stating that the new module will benefit homeowners, commercial entities, and utility customers by providing more power within the same footprint. This advancement not only contributes to decarbonization efforts but also plays a crucial role in driving the global energy transition towards a sustainable future.