This technology - where they use a specially designed glass that can focus more sunlight on the solar panels - appears to have similarities to concentrating photovoltaics (CPV) which also work on the principle of concentrating sunlight to produce higher yields. CPV systems however require heterojunction cells, and they also need trackers. All these make them quite expensive, and currently, unaffordable for solar PV developers worldwide.
This startup’s innovation does not need special solar cells and panels, does not use any moving equipment, and if the startup’s estimates that it will increase the project cost only 5% are translated in real life projects, the 20% increased yield claimed by the startup is quite an attractive proposition.
Some of these deep tech solutions carry uncertainties and it could take the startup to conclusively prove both their technology’s reliability as well as cost effectiveness, but kudos to them for thinking out of the box in the highly competitive field of solar PV.