While today’s silicon solar panels have become common, several factors – affordability, a complicated production process, and their bulky aesthetics – are holding them back.
Instead, imagine an alternative design: translucent, coloured, and cheaper to produce. For more than 25 years, our laboratory at the Ecole Polytechnique Federale in Lausanne (EPFL) has been working on dye-sensitised solar cells, a new generation of solar cells that meets these criteria.
Invented by Prof Michael Graetzel of EPFL, dye-sensitised solar cells do away with the dark silicone-based photovoltaic panels, replacing them with coloured, power-producing windowpanes.
Today, laboratories and firms around the world are working on improving and commercialising these easy-to-fabricate solar cells, integrating them into products such as iPad keyboards.
These dye-sensitised solar cells have a multitude of revolutionary features, some of which are particularly attuned to the needs of the Middle East. Conventional solar cells are most efficient when set up at an angle to face the sun at noon. Unfortunately, near the Equator that means they are nearly flat – inviting sand and dust to settle on them, blocking light and reducing power production.
The new dye-sensitised solar cells can be set up vertically and still maintain their efficiency, making them more useful in desert zones. Not only that, they are more efficient when the weather is hot.
Although dye-sensitised solar cells are less efficient at converting solar energy into electricity, they make up for this by converting diffuse and even artificial light, exploiting light from indoors and outdoors.
Dramatically lower production costs translate to cheaper power, and their visually pleasing appearance means that they can be integrated on to all kinds of structures without being eyesores.
Two years ago, another exciting development shook the solar panel research community. Researchers found that a key component of dye-sensitised solar cells could be replaced by perovskite, a long-studied class of chemical compounds that was found to be particularly well suited to converting sunlight into electricity.
Promising a new generation of hair-thin and highly efficient solar panels, capable of competing with or even outperforming silicone-based solar panels at a fraction of the price, expectations are high that perovskite cells could soon become the default technology.
Their versatility is a key strength. perovskite solar cells can easily be applied to any type of surface. In the future, they could cover entire walls, line roads, or coat the bodies of cars. And today, we are developing ways to use them to augment the performance of conventional solar panels: by adding a perovskite coating only one thousandth of a millimetre thick, we could potentially increase their output by about 25 per cent at virtually no cost. However, their lead content has raised environmental concerns, but investigations are under way to find ways to mitigate any toxicity-related issues.
As is so often the case, there is no silver bullet, and all three solar cell technologies are likely to coexist in separate niches that play to the strengths of each approach.
Despite their high cost and difficult manufacturing, silicone-based solar cells are established and will probably remain in use.
Once the challenges over the lead content in perovskite solar cells are solved, they could well become the default source of solar power.
And dye-sensitised solar cells will be chosen for their aesthetic beauty, low cost, and functionality. This technology was recently used for the first time in Lausanne, where a new conference centre was equipped with a 300-square-metre solar facade.
Mohammad Khaja Nazeeruddin is a senior scientist at the Laboratory of Photonics and Interfaces at the Ecole Polytechnique Federale de Lausanne in Switzerland, World Class University Professor at Korea University, Seoul, and adjunct professor at King Abdulaziz University, Jeddah.
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Company%20Profile
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
ASIAN%20RUGBY%20CHAMPIONSHIP%202024
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
A%20QUIET%20PLACE
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The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
Company%20Profile
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COMPANY%20PROFILE
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Company%20profile
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The Africa Institute 101
Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction.
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
21 Lessons for the 21st Century
Yuval Noah Harari, Jonathan Cape
The five pillars of Islam
The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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THE BIO
Age: 33
Favourite quote: “If you’re going through hell, keep going” Winston Churchill
Favourite breed of dog: All of them. I can’t possibly pick a favourite.
Favourite place in the UAE: The Stray Dogs Centre in Umm Al Quwain. It sounds predictable, but it honestly is my favourite place to spend time. Surrounded by hundreds of dogs that love you - what could possibly be better than that?
Favourite colour: All the colours that dogs come in
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5