Bengaluru, April 28: The energy provided by sunlight in an hour is equivalent to mankind's total energy consumption for one year, but the development of devices to turn this abundant natural gift into a feasible energy source for mankind had remained a challenge.

A new research, led by Govinder Singh Pawar -- an Indian origin scientist at the University of Exeter in the UK -- has given a ray of hope for the solar fuel.

According to the report, published in the journal Scientific Reports, the team of researchers developed an innovative method to split water into its constituent parts - Hydrogen and Oxygen - using sunlight. 

The hydrogen can then be used as a fuel, with the potential to power everyday items such as homes and vehicles. 

Hydrogen is considered to be a promising alternative fuel source that is clean -- its only by-product is water -- and is capable of replacing fossil fuels.

"The Hydrogen fuel that can be created through this synthetic photosynthesis method would not only severely reduce carbon emissions, but would also create a virtually limitless energy source," the university said in a statement.

"Photo electro-chemical" water splitting, emulating the natural photosynthesis using man-made materials, has long been considered as the Holy Grail to a carbon-free hydrogen economy.

However, efforts to produce efficient stable semiconductor material, in order to effectively convert sunlight to a storable widespread energy source, had so far proved elusive.

The ground-breaking new research by Pawar and co-workers at University's Environment and Sustainability Institute centres on the use of a revolutionary photo-electrode - made from nanoparticles of the elements lanthanum(La), iron(Fe) and oxygen(O). 

Here, the team utilised Lanthanum iron oxide (LaFeO3) to create a semiconducting material that gave the ideal results for the production of Hydrogen from water using sunlight, making it the strongest candidate yet for renewable Hydrogen generation.

The researchers believe their novel photo-electrode made using "scalable spray pyrolysis method" is not only cheap to produce, but can also be recreated on a larger scale for mass and worldwide use.

"To the best of our knowledge, we report for the first time the nanostructured LaFeO3 photoelectrode for spontaneous Hydrogen evolution from water without any external applied bias," the researchers said.

"Moreover, our material has excellent stability where, after 21 hours of testing, it does not degrade, ideal for water splitting purpose."

The university in its statement said that Pawar and his colleagues "are currently working on further improving our material to make it more efficient to produce Hydrogen".

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Mumbai (PTI): The rupee declined 28 paise to close at 93.44 against the US dollar on Tuesday, weighed down by a steady American currency and volatile crude oil prices amid uncertainties over the progress of West Asia peace negotiations.

Positive domestic equity markets failed to boost local currency, which also had some impact of the Reserve Bank's latest move to ease curbs on speculative bets in non-deliverable forward markets, forex analysts said.

The Reserve Bank on Monday partially withdrew directives taken on April 1 to curb excessive speculation in the rupee. The banking regulator had capped the net open positions in non-deliverable forward markets at USD 100 million, mandating banks to comply by April 10.

Under revised directives, authorised dealers or banks can resume offering non-deliverable derivative contracts involving INR to resident or non-resident users, but must comply with certain restrictions on related-party transactions. Also, the USD 100-million cap in net open position is still effective.

At the interbank foreign exchange market, the rupee opened at 93.25 and fell to an intra-day low of 93.63 before ending the session 28 paise lower at 93.44 against the greenback.

On Monday, the rupee settled with a loss of 25 paise at 93.16 against the US dollar. The currency had gained 47 paise in the preceding two sessions.

Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, said the rupee fell on uncertainty over US-Iran talks and a surge in crude oil prices. A strong dollar also pressured the rupee; however, positive global markets cushioned the downside.

"Traders may take cues from retail sales and ADP employment change data from the US. USD-INR spot price is expected to trade in a range of Rs 93.30 to Rs 93.90," Choudhary said.

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said the rupee traded weaker as recent RBI adjustments and partial rollback of earlier currency-support measures added pressure on the local unit.

"At the same time, the dollar remains steady while crude and gold are relatively stable, with markets closely watching the outcome of US-Iran ceasefire developments expected tomorrow. The rupee is likely to remain highly event-driven, with direction dependent on geopolitical clarity and RBI stance," Trivedi said.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.19 per cent to 98.09.

Brent crude, the global oil benchmark, was trading 0.70 per cent down at USD 94.81 per barrel in futures trade.

Analysts attributed the volatility in crude prices to persistent worries over disruptions of supplies of oil from the Strait of Hormuz. Also, the ceasefire agreement between the United States and Iran is scheduled to expire on Wednesday.

In a latest development, Iran's chief negotiator on Tuesday said Tehran would not negotiate in the face of threats, while US President Donald Trump hinted that he was in no rush to end the conflict with Iran.

In the domestic equity markets the 30-share Sensex rose 753.03 points, or 0.96 per cent, to settle at 79,273.33, while the Nifty rose 211.75 points, or 0.87 per cent, to 24,576.60.

Foreign Institutional Investors offloaded equities worth about Rs 1,918.99 crore on Tuesday, according to the exchange data.