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Updated: Aug 4, 2025
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Fabrication of High Contrast Gratings for the Spectrum Splitting Dispersive Element in a Concentrated Photovoltaic System
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Photovoltaics at multi-terawatt scale: Waiting is not an option
Nancy M Haegel1, Pierre Verlinden1, Marta Victoria1
1Author affiliations are listed in the supplementary materials.
Science (New York, N.Y.)
|April 6, 2023
Summary
Photovoltaic (PV) solar power growth can reach 25% annually over the next ten years. This projection highlights significant potential for renewable energy expansion and adoption.
Area of Science:
- Renewable Energy Systems
- Photovoltaic Technology
Background:
- The global energy landscape is shifting towards sustainable sources.
- Photovoltaic (PV) technology is a key component of renewable energy strategies.
Purpose of the Study:
- To project the potential annual growth rate of photovoltaic (PV) energy over the next decade.
- To assess the feasibility of significant PV market expansion.
Main Methods:
- Analysis of current PV market trends.
- Extrapolation of growth trajectories based on technological advancements and policy support.
Main Results:
- A potential for 25% annual growth in PV installations is identified.
- This growth rate is considered achievable within the next ten years.
Conclusions:
- The photovoltaic sector demonstrates substantial potential for rapid expansion.
- Achieving 25% annual growth requires continued innovation and supportive policies.
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