Japan-based global conglomerate Toshiba, announced that it would not take any new orders for the construction work of coal-fired thermal facilities. The company is planning to shift towards renewable energy solutions.
According to Toshiba, the company will support the infrastructure sector’s transformation to achieve decarbonization goals. In addition to activities involving windmills and development of secondary batteries, Toshiba aims to commercialize its newly developed next-generation tandem and perovskite solar cells by 2025.
Toshiba has been working on perovskite solar cells for a long time. In September 2017, Toshiba announced the fabrication of a film-based perovskite solar cell mini module with a conversion efficiency of 10.5%. This efficiency rate was achieved in a 5 cm x 5 cm module and is stated by the company to be the highest yet recorded in a multi-cell mini module at that time. In July 2018, New Energy and Industrial Technology Development Organization (NEDO) and Toshiba announced the world's largest film-based perovskite photovoltaic module. The module was 703cm2 (24.15 x 29.10cm) and achieved a power conversion efficiency (PCE) of 11.7%, overcoming the difficulties of increasing size and efficiency at the same time.