Sharp has developed solar cells that match the concentrator solar cell efficiency world record set by Solar Junction last year. The technology’s staggering 43.5% efficiency from a triple-junction compound solar cell is 1.2% higher than the efficiency of the cells holding the record before March of 2011 (when Solar Junction busted that record).

The conversion efficiency was actually confirmed by the Fraunhofer Institute for Solar Energy in April 2012 (for some reason, these companies and researchers don’t let us know about the new records for months sometimes).

“Compound solar cells utilize photo-absorption layers made from compounds consisting of two or more elements, such as indium and gallium,” Sharp writes. “The basic structure of this latest triple-junction compound solar cell uses Sharp’s proprietary technology that enables efficient stacking of the three photo-absorption layers, with InGaAs (indium gallium arsenide) as the bottom layer.”