PV (Photovoltaics)
Photovoltaics, or PV, is the term used to describe electricity generated through the use of solar cells or modules. PV technology is used to convert energy from the sun into usable electricity. PV systems have been around for decades and are becoming increasingly popular as they are a clean and renewable source of energy. The official business definition of PV in procurement is a cost-effective and reliable method of generating electricity that can help reduce energy costs and carbon emissions.