Researchers at the University of Oxford are touting the versatility of methyl­ammonium lead iodide chloride in lasers and solar cells, among other applications. The material, a type of perovskite, is said to be easy to work with and inexpensive compared with other photovoltaic materials. Perovskite-based solar cells can achieve an energy-conversion efficiency rate of 12% to 15%, according to the Oxford researchers, compared with 17% to 19% for thin-film silicon-based solar cells.

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