Theoretical limit of photovoltaic panel conversion rate

It is important to note that the analysis of Shockley and Queisser was based on the following assumptions: 1. One electron–hole pair excited per incoming photon2. Thermal relaxation of the electron–hole pair energy in excess of the band gap. The factors affecting were expounded in a landmark paper by and in 1961. See for more detail. If one has a source of heat at temperature Ts and cooler heat sink at temperature Tc, the maximum theoretically possible value for the ratio of wor. [pdf]
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