05/02/2009

Mayo Firm Unveils 'Worlds Most Efficient' Solar Panel

An Irish company today launched what has been described as the most efficient solar panel ever produced.

Surface Power in Co Mayo said it plans to create 20 new jobs over the next 12 months with the launch and international distribution of its breakthrough product.

Independent Certification by TUV Rhineland - the world’s leading testing house - has shown that when compared to other leading solar panels the Irish developed panel was in one case as much as 131% more efficient in morning and evening time and 76% more efficient at midday.

Surface Power said the product, which has undergone six years of development and testing, has the potential to reduce domestic and commercial hot water bills by up to 70% if insulation standards meet new building regulations.

Company founder John Quinn believes that having a very good product result will help drive growth and jobs for the company in 2009.

"The market for the solar collector was worth in excess of one billion dollars in 2008 and has grown by 300% since 1998. We received over 400 enquiries from the USA alone last month after the specifications were released during the Christmas period," he said.

"We also expect the international home renovation market to be very strong during the next three years, as our collector is the only pre-packaged vacuum collector on the world market. This leads to quicker, simpler and cheaper installations," added Mr Quinn.

According to Mr Quinn solar panel has been compared to 52 other collectors which hold the prestigious Solar Keymark certification.

"The biggest difference that was achieved in comparison results was that against flat plate collectors. It is great to see the end of a product development cycle and a huge spike in enquiries from the renovation market in Europe and USA, we have several more products in development and plan to release one per year," he said.

Established in 2003, Surface Power is targeting key world export markets for renewable Commodity products.

The Údarás na Gaeltachta and Enterprise Ireland-backed firm has played a central role in the development of the domestic Renewable sector, especially micro generation.

(PR/BMcC)

Related Irish News Stories
Click here for the latest headlines.

13 February 2015
Dublin Council Commits To Solar Energy
Dublin City Council is to invest more in solar energy production this year, following a report that showed the city is a suitable location for the renewable energy source. A new 'IBM Smarter Cities Challenge' report has been published by the City Council. It said investing in solar energy production could pay for itself in seven to 13 years.
04 January 2011
Moon Eclipses Return To Work
This morning's return to work featured an astronomical event, as an eclipse of the sun greeted morning commuters across parts of Ireland. The partial eclipse was visible between 8.30am and 9.30am for those with a clear view of the north-eastern horizon, despite cloudy conditions obscuring the view of some.
19 April 2012
BoI Announce New Mortgage Options
Bank of Ireland have announced that, in line with Central Bank of Ireland guidelines, it has launched a range of new product features that will allow much greater numbers of customers in negative equity to move home.
18 January 2017
Solar Energy Firm To Create 60 New Jobs
Dublin-based solar energy firm, BNRG, has announced a new joint venture that will lead to the creation of 60 new jobs. In partnership with French company Neoen, BNRG will develop, construct, own and operate a portfolio of 23 new solar projects in the South and East of the country.
11 February 2015
DCC To Install Solar Panels
Solar panels are to installed at the Civic Offices of Dublin City Council and four public libraries in the city. The panels, which generate power using natural light as opposed to sunshine, are expected to save up to €21,000 a year on electricity bills.