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Energy conversion efficiency (η) is the ratio between the useful output of an energy conversion machine and the input, in energy terms. The input, as well as the useful output may be chemical , electric power , mechanical work , light (radiation), or heat .
Thermophotovoltaic (TPV) energy conversion is a direct conversion process from heat to electricity via photons. A basic thermophotovoltaic system consists of a hot object emitting thermal radiation and a photovoltaic cell similar to a solar cell but tuned to the spectrum being emitted from the hot object.
A common method used to express economic costs is to calculate a price per delivered kilowatt-hour (kWh). The solar cell efficiency in combination with the available irradiation has a major influence on the costs, but generally speaking the overall system efficiency is important.
Now, houses and businesses all over the world use solar cells to power electrical devices with a wide variety of uses. Solar power is the dominant technology in the renewable energy field, primarily due to its high efficiency and cost-effectiveness. By the early 1990s, photovoltaic conversion had reached an unprecedented new height.
To express the efficiency of a generator or power plant as a percentage, invert the value if dimensionless notation or same unit are used. For example: A heat rate value of 5 gives an efficiency factor of 20%. A heat rate value of 2 kWh/kWh gives an efficiency factor of 50%. A heat rate value of 4 MJ/MJ gives an efficiency factor of 25%.
Since space is a near-vacuum, this process has close to 100% efficiency. Thermal energy is unique because it in most cases (willow) cannot be converted to other forms of energy. Only a difference in the density of thermal/heat energy (temperature) can be used to perform work, and the efficiency of this conversion will be (much) less than 100%.
This first calculation used the 6000K black-body spectrum as an approximation to the solar spectrum. Subsequent calculations have used measured global solar spectra, AM 1.5, and included a back surface mirror which increases the maximum solar conversion efficiency to 33.16% for a single-junction solar cell with a bandgap of 1.34 eV. [3]
As a result of the maximum power theorem, devices transfer maximum power to a load when running at 50% electrical efficiency. This occurs when the load resistance (of the device in question) is equal to the internal Thevenin equivalent resistance of the power source. This is valid only for non-reactive source and load impedances.