Solar panels with much higher yields? Flemish start-up raises 5 million for variant with perovskite

The Flemish start-up Noak has raised 5 million euros to develop perovskite solar panels, which are expected to outperform traditional silicon panels. Perovskite technology can potentially achieve efficiencies of 30 to 35 percent by utilizing a broader spectrum of sunlight. Noak, a spin-off from Imec and UHasselt, has conducted extensive outdoor testing over five years across various climates. The materials used for perovskite panels are less scarce and cheaper, making them more accessible and easier to recycle. However, challenges remain, particularly regarding the stability of the perovskite layer, which currently limits the lifespan of solar cells. Noak aims to bring its product to market by 2030 and hopes to achieve a leading position internationally within the next few years.