As we generate more and more data, we need storage systems, eg hard drives, with higher density and efficiency.
However, this also requires materials whose magnetic properties can be quickly and easily manipulated in order to write and access data on them.
Scientists at Ecole Polytechnique Federale de Lausanne in Switzerland have now developed ferromagnetic photovoltaic material whose magnetic order can be rapidly changed without disrupting it due to heating.
Perovskite photovoltaics are gradually becoming a cheaper alternative to current silicon systems, drawing much interest from energy scientists.
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Magnetism in material arises from the interactions of localised and moving electrons of the material; in a way, it is the result of competition between different movements of electrons.
This means that the resulting magnetic state is wired in the material and it cannot be reversed without changing the structure of electrons in the material's chemistry or crystal structure.
However, an easy way to modify magnetic properties would be an enormous advantage in many applications such as magnetic data storage. The new material that the EPFL scientists developed offers exactly that.
This new crystal structure combines the advantages of both ferromagnets, whose magnetic moments are aligned in a well-defined order, and photoconductors, where light illumination generates high density free conduction electrons.
In the new perovskite material, a simple red LED - much weaker than a laser pointer - is enough to disrupt, or "melt" the material's magnetic order and generate a high density of travelling electrons, which can be freely and continuously tuned by changing the light's intensity.
The timescale for shifting the magnetic in this material is also very fast, virtually needing only quadrillionths of a second.
"These would combine the advantages of magnetic storage - long-term stability, high data density, non-volatile operation and re-writability - with the speed of optical writing and reading," he said.
The study was published in the journal Nature Communications.