Triple junction tandem solar cells have very high efficiencies of up to 60% for satellites and 85% in the lab. This is much higher than conventional silicon solar cells that are only around 20% efficient. However, the high cost of $2.48/cm2 currently limits their commercial use to space applications, and research is ongoing to reduce the price. The cells work by using three different semiconductor materials stacked together to convert more of the solar spectrum into electricity compared to single material cells.