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Article courtesy of NREL.
by Wayne Hicks

On a clear night, Kaitlyn VanSant will be able to watch her work whiz by. Knowing the success of her project, however, will have to wait until her tiny, temporary addition to the International Space Station returns to Earth.

“My family and I have definitely been looking up at night more frequently,” said VanSant, who earned her doctorate from the Colorado School of Mines in materials science last year. Now a postdoctoral researcher with NASA, VanSant holds a unique collaborative appointment at the National Renewable Energy Laboratory (NREL).

The pairing of NREL and NASA continues a long-standing alliance between solar power and space. Specialized photovoltaic (PV) panels turned to the sun have been used to generate electricity for Mars rovers and space probes, but the manufacturing costs of these high-efficiency solar cells are too high for use on Earth. Researchers at NREL are testing ways to bring those costs down for terrestrial applications and transforming how PV technologies could work in space as well.

The latest test will evaluate the potential use of perovskite solar cells in space and assess the durability of materials used in those cells. VanSant worked with Ahmad Kirmani, Joey Luther, Severin Habisreutinger, Rosie Bramante, Dave Ostrowski, Brian Wieliczka, and Bill Nemeth at NREL to prepare the perovskite cells and materials. Eight of these samples are scheduled to launch to the space station in August and another set of 25 samples will be launched in the spring of 2022. The samples, each of which are a square inch in size, are part of the Materials International Space Station Experiment (MISSE) program and will be fastened to the outside of the orbiting platform.

The International Space Station (ISS) serves as an orbiting research laboratory and observatory that conducts scientific experiments in a range of fields that include astronomy, physics and materials science, to name just a few.

“We get to prove very nascent technologies in such a way that we don’t fool ourselves by simulating the space environment on the ground in a vacuum chamber, for example,” said Timothy Peshek, an electrical engineer in the photovoltaics group at NASA Glenn Research Center in Cleveland and VanSant’s postdoctoral adviser. “This is the real-world operation.”

With approval in hand to return PV experiments to the space station, Peshek put out calls for researchers who might want to take part. Adele Tamboli, a researcher in the Materials Physics research group at NREL, welcomed the opportunity, and introduced Peshek to VanSant.

“Partnering with the National Renewable Energy Laboratory just made a lot of sense,” said Peshek, himself a former post-doctoral researcher at NREL. “They had the facilities and abilities ready to go on day one.”

This perovskite sample is in the intermediate crystal phase and about to be placed on a hotplate to fully crystallize. Photo by Dennis Schroeder, NREL

Solar power on Earth tends to be generated from silicon modules. Other PV technologies, such as those used in space, rely on materials from the III and V columns of the periodic table and are dubbed III-V cells. Scientists have experimented with stacking a III-V cell atop a layer of silicon to increase the efficiency of capturing sunlight to convert to electricity. By itself, the most efficient silicon solar cell is about 26%, when measured under the typical terrestrial solar spectrum. (The solar spectrum is different on Earth and in space.)

Tamboli was among the research group that set records in 2017 for III-V cells on silicon, including a triple-junction cell with an efficiency of 35.9%. She, along with VanSant and staff scientist Emily Warren, would later propose that these types of cells could find a use to power satellites in a low Earth orbit. Before that could happen, the cells had to be tested in the extreme conditions of space.

If the moon is a harsh mistress, space itself can be equally cruel. Equipment is subjected to extreme swings in temperatures and bombarded by solar radiation. When the ISS moves behind the Earth and away from the sun, the temperature plummets to 250 degrees below zero Fahrenheit. Emerging into sunlight spikes the temperature to 250 degrees above zero.

“That’s harsh,” Peshek said. “That’s a pretty brutal environment.”

“Radiation damage is a factor,” said Warren. “Our record cell was gallium arsenide on silicon, and the one that we sent up is actually gallium indium phosphide on silicon. That was because we know that those materials would be more radiation tolerant.”

SpaceX’s cargo re-supply spacecraft carried NREL’s III-V-on-silicon solar cell to the ISS in March 2020. VanSant, whose Ph.D. research centered on III-V-on-silicon tandem solar cells, worked with Michelle Young and John Geisz at NREL to fabricate the prototype cell for the MISSE project, and watched a broadcast of the rocket launch carrying it into space.

“I watched it with my two daughters,” VanSant said. “They got a real kick out of it. I mean, you can’t really watch a space launch without just being completely fascinated. Nobody can be blasé about a space launch.”

The prototype spent 10 months affixed to the exterior of the ISS before being returned to Earth in January.

“The post-flight analysis of the cell gives us the opportunity to study how we want to evolve the design and to improve it for performance and to see whether it’s realistic that this could be a technology for providing power in space,” VanSant said.

Now she is playing a waiting game for the perovskite solar cells and materials, which are expected to spend six months on the ISS. The process is not a straight shot into space. After NREL, the cells are shipped to Alphaspace, a Houston company that prepares the samples for operation on the MISSE platform and arranges the launch of the experiment aboard a SpaceX flight.

Perovskite solar cells are grown using a mixture of chemicals, and notable for a rapid improvement in how efficiently they are able to harness sunlight for energy. Ongoing experimentation involves readying perovskite cells for commercial use. The early perovskite cells degraded too quickly. Progress has been made but there is still work to do.

“It’s a real interesting problem,” Peshek said, “because these cells are notorious for having degradation problems. But the reason they degrade is because of moisture and oxygen. We don’t have to worry about that in space.”

Earth-bound experiments conducted in radiation test facilities demonstrate perovskite solar cells are surprisingly tolerant to radiation, said Joseph Luther, a senior scientist at NREL, co-adviser on the project, and an expert in perovskite technology. “They are very thin, and so that helps a lot. Most of the radiation just goes right through them. Silicon, relative to perovskites, is hundreds of times thicker. It’s also very cheap due to the production scale and is awesome for terrestrial PV applications, but in space it’s so thick that when radiation is impinging on the surface it gets absorbed and it damages the cell, causing problems.”

Lightweight perovskite solar cells would fit with NASA’s ongoing mission to reduce the price for putting a payload into orbit, from about $10,000 per pound today to hundreds of dollars a pound within a quarter-century.

“We’re very interested in trying to match the efficiency of the III-V solar cells, but do it in an extremely lightweight cell design,” Luther said. “Perovskites can be deposited on plastics or metal foils and things like that, which are comparatively lightweight.”

The efficiency of the solar cells was measured before leaving NREL and will be measured again upon their return. Both the cells and the component materials of the cells will also be characterized before and after flight, with imaging expertise provide by Steve Johnston. How well the perovskite cells and materials survived their trip will be immediately apparent. Lyndsey McMillon-Brown, a research engineer at NASA Glenn Research Center and principal investigator on the effort to bring working with Peshek on bringing perovskites to space, said a color change offers the first clue.

“The desirable phase for a perovskite solar cell is a black phase,” she said. “The film is jet black. However, when these things degrade, they turn into a yellowy mustard color. So we’re hoping to see black films upon their return.”

The lessons learned from the time the perovskites spend in space could help with the technology terrestrially. “Some of the things that we’re facing in space are extreme, like extreme temperature cycling, extreme UV exposure, but when you’re here on Earth you still have UV exposure and you still have temperature cycling,” McMillon-Brown said. “It’s just not as rapid and frequent. We’re still thinking that our lessons learned and our findings will apply and help make perovskites more marketable and gain a bigger commercial market share here on Earth, too.”

While waiting for the return of the perovskite samples, VanSant receives a regular reminder of the ongoing work. She signed up for text notifications about when the ISS is visible overhead. When the time is right and her 7- and 9-year-old daughters are awake, they try to spot the space station.

“In addition to watching the ISS go by in the night sky, we have also watched NASA’s video footage from cameras outside the ISS that show the Earth passing by as the ISS orbits,” VanSant said. “The launch of these cells has been a great reminder to look up into the night sky, but also an opportunity to see things from a completely different perspective.”

Courtesy of NREL.

 

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Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

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Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.

Handout | Via Reuters

Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.

The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.

In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”

In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.

Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.

JPMorgan announces plans to charge for access to customer bank data

Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.

Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.

PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.

While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.

WATCH: Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

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EV sales hit 9.1M globally in H1 2025, but the US just hit the brakes

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EV sales hit 9.1M globally in H1 2025, but the US just hit the brakes

The global EV market is still charging ahead. According to new numbers from global research firm Rho Motion, 9.1 million EVs were sold worldwide in the first half of 2025, up 28% compared to the same period last year. But not every region is accelerating at the same pace.

China and Europe are doing the heavy lifting

More than half of the world’s EVs this year have been bought in China. That market hit 5.5 million sales in the first six months of 2025 – a 32% jump year-over-year. Around half of new cars bought in China are now electric.

While some Chinese cities’ subsidies have dried up, Rho Motion expects momentum to pick back up later in the year as more funding is released.

In Europe, 2 million EVs were sold in the first half of the year, up 26%. Battery electric vehicle (BEV) sales also rose 26%, thanks in part to affordable models like the Renault 4 (pictured) and 5 entering the market. Plug-in hybrids (PHEVs) weren’t far behind, growing 27% year-to-date. Chinese automakers are leaning into PHEVs as a way to work around the EU’s new tariffs on BEVs.

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Spain is leading the pack with EV sales soaring 85% so far this year. Its generous MOVES III incentive program was extended in April and has kept sales strong. The UK and Germany are also seeing solid growth – 32% and 40%, respectively. France, however, is slumping. With subsidies cut, EV sales there have dropped 13%.

North America is stuck in the slow lane

Things aren’t looking quite as bright in North America. EV sales in the US, Canada, and Mexico are up just 3% so far this year.

Mexico is the one bright spot, with a 20% boost. The US is up 6%. But Canada is down a whopping 23%.

And things could get bumpier. On July 4, Trump signed Congress’s big bill into law, which axes all the Inflation Reduction Act EV tax credits. Those consumer credits for EVs now officially end on September 30.

Just over half of the EVs sold in the US this year qualified for those credits. Rho Motion predicts a rush in Q3 before the subsidies disappear – and a decline in sales after that.

Rho Motion data manager Charles Lester said, “With Trump’s latest cuts in his ‘Big Beautiful Bill,’ the US could struggle to see any growth in the EV market overall in 2025.”

Global EV sales snapshot, H1 2025 vs H1 2024

  • Global: 9.1 million (+28%)
  • China: 5.5 million (+32%)
  • Europe: 2.0 million (+26%)
  • North America: 0.9 million (+3%)
  • Rest of world: 0.7 million (+40%)

Read more: China breaks records as global EV sales hit 7.2 million in 2025


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The Lucid Air is crushing the competition as the best-selling luxury EV sedan in the US

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The Lucid Air is crushing the competition as the best-selling luxury EV sedan in the US

Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That might explain why it’s leading the segment. The Lucid Air remained the best-selling luxury EV sedan in the US after widening its lead in the Q2.

The Lucid Air is America’s best-selling luxury EV sedan

The 2025 Lucid Air Pure arrived as the “World’s most efficient car” with an EPA-estimated range of 420 miles and a record 146 MPGe.

It just set a new Guinness World Record last week for the longest journey by an electric car after travelling 749 miles (1,205 km) on a single charge.

That record was set in the range-topping Lucid Air Grand Touring model, which is rated for up to 512 miles of EPA-estimated range. On the WLTP scale, it’s rated at 597 miles (960 km). Either way, it still crushed the estimates.

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According to second-quarter sales data, released by Kelley Blue Book on Monday, the Lucid Air is still America’s best-selling luxury EV.

Lucid sold 2,630 Air models in Q2, up 10% from the previous year. Through the first half of 2025, Lucid Air sales are up 17% with 5,094 units sold.

Lucid-Air-best-selling-luxury-EV-sedan
Lucid Air (Source: Lucid)

Tesla, on the other hand, only sold 1,435 Model Ss during the quarter, 71% fewer than it did in Q2 2024. Tesla Model S sales in the US are down 70% through the first half of the year at 2,715.

Although Porsche Taycan sales were up 32% with 1,064 models sold, the significantly upgraded 2025 model year was expected to see even more demand. Porsche has 2,083 Taycans in the US this year, up just 1% from 2024.

Lucid-best-selling-luxury-EV-sedan
Lucid Air Pure interior (Source: Lucid)

Other luxury EV sedans, such as the BMW i5 (1,434), i7 (820), and the Mercedes EQS (498), experienced steep double-digit sales declines year-over-year.

And it’s not just electric luxury sedans. The Lucid Air is currently outselling many gas-powered vehicles in its segment.

Lucid-Air-best-selling-luxury-EV-sedan
Lucid Air (left) and Gravity (right) Source: Lucid

Lucid’s first electric SUV, the Gravity, is also rolling out. Although only five were sold in the second quarter, Lucid is quickly scaling production. Lucid aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it built in 2024.

Earlier today, Lucid’s interim CEO, Marc Winterhoff, confirmed during an interview with Bloomberg that the company expects higher Gravity output in the second half of the year.

The interview was at the grand opening of Panasonic’s new battery cell plant in De Soto, Kansas. Winterhoff said Lucid will start using new cells from the facility, but not until next year.

Lucid’s CEO stressed the importance of establishing a local supply chain, as policy changes under the Trump Administration are taking effect. Lucid and Panasonic are collaborating to localize EV materials, such as graphite. Last month, Lucid secured a multi-year supply agreement with Graphite One for US-sourced Graphite.

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