Abstract

Our energy consumption relies heavily on the three components of fossil fuels (oil, natural gas and coal) and nearly 83% of our current energy is consumed from those sources. The use of fossil fuels, however, has been viewed as a major environmental threat because of their substantial contribution to greenhouse gases which are responsible for increasing the global average temperature. Last four decades, scientists have been searching for alternative sources of energy which need to be environmentally clean, efficient, cost-effective, renewable, and sustainable. One of the promising sustainable sources of energy can be achieved by harnessing sun energy through silicon wafer, organic polymer, inorganic dye, and quantum dots based solar cells. Among them, quantum dots have an exceptional property in that they can excite multiple electrons using only one photon. These dots can easily be synthesized, processed in solution, and incorporated into solar cell application. Interestingly, the quantum dots solar cells can exceed the Shockley-Queisser limit; however, it is a great challenge for other solar cell materials to exceed the limit. Theoretically, the quantum dots solar cell can boost the power conversion efficiency up to 66% and even higher to 80%. Moreover, in changing the size of the quantum dots one can utilize the Sun’s broad spectrum of visible and infrared ranges. This review briefly overviews the present performance of different materials-based solar cells including silicon wafer, dye-sensitized, and organic solar cells. In addition, recent advances of the quantum dots based solar cells which utilize cadmium sulfide/selenide, lead sulfide/selenide, and new carbon dots as light harvesting materials has been reviewed. A future outlook is sketched as to how one could improve the efficiency up to 10% from the current highest efficiency of 6.6%.

Highlights

  • Our energy consumption relies heavily on the three components of fossil fuels and nearly 83% of our current energy is consumed from those sources

  • The market based silicon solar panel produced by Suntech [8] has an efficiency of 15.7%; solar panel installed by the SunPower [9] has a record efficiency of 22.4%

  • A report on cost profile of PV technologies disclosed that monocrystalline, multicrystalline, and amorphous silicon based solar panels cost $3.83, $3.43, and $3.00, respectively which are comparatively higher than other solar panels [11]

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Summary

Why Do We Need Renewable Solar Energy?

“Sustainable Development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”. By disclosing the scientific facts of man-made climate change due to global warming and its impact on environmental and socio-economical systems, the Intergovernmental Panel on Climate Change (IPCC) made seminal contributions Because of their contributions, they were awarded 2007 Nobel. The major challenge, in our energy sector is to increase the contribution from renewable energy sources These alternative sources of energy need to be very abundant, environmentally clean, efficient, sustainable, renewable, safe, and cost effective. These conditions encourage many researchers to harness the sun’s energy which could not just solve the present energy problem and fulfill our future demand. George Porter (1920–2002), Winner of 1967 Nobel Prize in Chemistry

Silicon Based Solar Cells
Dye Sensitized Solar Cells
Organic Solar Cells
Breaking the Shockley-Queisser Limit
Cadmium Quantum Dots Based Solar Cells
Lead Quantum Dots Based Solar Cells
Some Other Quantum Dot Based Solar Cells
Carbon Dot Based Solar Cells
Redox Couple and Counter Electrode
Findings
Photoinduced Electron Transfer
Full Text
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