A spin-off from Nanyang Technological University, Singapore (NTU Singapore) called EtaVolt has developed a nifty device that can rejuvenate and extend the life of old (and new) photovoltaic (PV) panels. The technology has been extensively field-tested and can be used on around 90% of all existing PV panels available worldwide. The technology has been successfully commercialized and is ready to scale up for widespread market exposure.

A game-changer for solar
EtaVolt’s technology is a game-changer in the solar industry, especially in tropical regions like Singapore, where panels degrade quickly due to harsh environmental conditions.

Due to harsh environmental conditions, solar panels lose their efficiency soon after installation, especially during the first year. This drop in performance can be up to 10% or more over the panels' lifespan. This, EtaVolt explains, translates to an estimated energy loss of US$2 billion globally, based on the global 1-terawatt solar power capacity.