HOUSTON--(BUSINESS WIRE)--
Phillips 66 (NYSE: PSX) has successfully set a new world record in power
conversion efficiency for polymer-based single junction organic
photovoltaic (OPV) cells. The 11.84 percent efficiency was certified by
Newport Corporation, a recognized center for independent verification of
solar cell results under standard testing conditions.
The solar cells are based on proprietary state-of-the-art polymers and
interfacial layers, which have been developed by Phillips 66. The
advantaged technology can be printed using low-cost roll-to-roll
manufacturing processes. The organic solar cells do not contain
hazardous components, such as lead or cadmium, unlike some other types
of thin film technologies.
“This breakthrough in efficiency brings us closer to the possibility of
commercializing this promising form of solar technology,” said Merl
Lindstrom, vice president of Technology at Phillips 66. “Continuing to
increase the ability of OPV cells to convert power with high efficiency
will one day make this energy source more affordable for the consumer.”
OPV technology enables the development of flexible, lightweight and
transparent solar modules that can be manufactured at a low cost. The
Phillips 66 materials provide the potential for cost-effective renewable
electricity generation on par with conventional energy technologies.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company.
With a portfolio of Midstream, Chemicals, Refining, and Marketing and
Specialties businesses, the company processes, transports, stores and
markets fuels and products globally. Phillips 66 Partners, the company's
master limited partnership, is an integral asset in the portfolio.
Headquartered in Houston, the company has 14,000 employees committed to
safety and operating excellence. Phillips 66 had $50 billion of assets
as of Sept. 30, 2016. For more information, visit www.phillips66.com
or follow us on Twitter @Phillips66Co.
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Source: Phillips 66