Maxeon Solar achieves record efficiency of 24.7%, various other improvements

• Maxeon Solar Technologies Ltd (NASDAQ: MAXN) on Thursday revealed a world-record module aperture efficiency dimension for its Maxeon 7 panel as well as a number of efficiency improvements to IBC products.

The Singapore-based photovoltaic (PV) panels manufacturer that was spun off from SunPower in the summer of 2020, said in a statement that the US National Renewable Energy Laboratory (NREL) has actually verified the measurement of a 24.7% module aperture effectiveness for a full-scale Maxeon 7 panel.

At the same time, the business has actually achieved efficiency improvements to its existing Interdigitated Back Contact (IBC) products. Extra especially, it is now delivering 23% efficient Maxeon 6 panels to Europe and also is getting ready to provide a 24% reliable variation of the Maxeon 3 panels in the last quarter of the year.

"Our modern technology group remains to boost the efficiency of our IBC technology platform to effectiveness levels that were not expected when we released our first commercial products almost twenty years earlier. Most importantly, these success are not one-off laboratory results however mainstream manufacturing modern technologies that raise customer value and extend our distinction versus our rivals," CEO Bill Mulligan specified.