Beijing – The world’s largest thin-film power solution company, Hanergy Thin Film Power Group (00566.hk), today announced that Fraunhofer Institute for Solar Energy Systems, a German based solar energy testing laboratory and one of the world’s leading renewable energy research authorities, has rated Hanergy’s US-based subsidiary Alta Devices’ single junction GaAs cells as the world’s most efficient. With its record setting 29.1% conversion efficiency, Alta’s technology is designed to power a range of products from unmanned aerial vehicles (UAV), electric automotive to smart sensors, due to its unique thin, lightweight, and flexible characteristics.

The Hanergy Thin Film Power Group is dedicated to making breakthroughs in solar technology. Alta Devices first broke the record for GaAs single-junction solar cells in 2010 and has now broken seven solar conversion efficiency records. Following this most recent breakthrough, both the efficiency world records for single junction solar cells (29.1%) and solar modules (25.1%) belong to the Hanergy group.

Commenting on the achievement, Mr. Jian Ding, CEO of Alta Devices said, “Our new record for solar efficiency and our long history of breaking records is evidence of our company’s commitment to pushing the boundaries of solar technology to power autonomous systems”

He adds, “Alta Devices’ vision is to lead the thin film power industry via continuous technological breakthroughs while contributing to the future of autonomous machines and vehicles.”

In 2014, Alta Devices, a California-based company, was acquired by China’s Hanergy Group and became a subsidiary of Hanergy. Extremely efficient, light, and flexible, Alta Devices thin-film solar technology has been successfully applied to a wide range of different products and can be easily integrated into unmanned aircraft without altering their aerodynamic profiles.