With a perovskiet layer 200 times thinner than silicon and that only requires 10% of the energy required to produce conventional panels, Tandem reports PV reports that it can reduce energy consumption during production.
Tandem PVA specialist in Perovskite Solar Technology has obtained $ 50 million in Series-A financing and debts, the company said it will enable it to build a production facility on a commercial scale in the US
The financing was led by ECLIPSE, an American risk capital company, with participation of Constellation Energy, Planetary Technologies, Uncorreled Ventures, Trellis Climate, Tom Werner (former CEO of Sunpower), Stifel Bank, CSC Leasing and other existing and new investors.
“With the support of Eclipse, we no longer only develop breakthrough technology – we put it on the market,” said Scott Wharton, CEO of Tandem PV. “If the global demand for disk of clean energy, Tandem PV comes up to meet the next generation of solar energy that is more powerful, more sustainable and made in America.”
Tandem PV was founded in 2016 to develop Perovskiet silicon Dunne film solar modules that are expected to deliver a leading combination of sustainability and efficiency. The company reports that its panels are currently achieving 28% efficiency and are expected to surpass 30% at the end of 2025, or what Tandem PV said that 30% is more powerful than the average silicon solar panel.
With a perovskiet layer 200 times thinner than silicon and that only needs 10% of the energy needed to produce conventional panels, the company reports that it will be able to reduce energy consumption during production.
“The performance and progress of Tandem PV are incredibly exciting, especially in view of the fact that there have been minimal breakthroughs in solar technology in the past decade,” said Eclipse partner Greg Reichow. “Tandem PV’s impressive sustainability and efficiency is unparalleled in the market, and it could not be in a more critical time. By building a production facility in the US, Tandem PV will help the US to meet its growing energy needs and at the same time weaten its dependence on China and other foreign manufacturers. “
When joining the Solar Energy Manufacturers for America (SEMA) Coalition, Michael Carr, Executive Director of SEMA Coalition said that Perovskite technology will be the key to the success of the US, because it is “ready to dominate the solar industry in the coming years.” He added that “pioneers such as Tandem PV lead this revolution and will be a critical addition to our ranks because our coalition works to repeat the American solar supply chain.”
Tandem PVs co-founder and CTO, Colin Bailie, developed the world’s first Perovskite-Silicon Tandem Solar Cell at Stanford University and launched the company via Activate, the US Department of Energy Startup Accelerator. Last year Tandem PV announced one $ 6 million venture financing round Under the leadership of existing investor planetary technologies, a venture capital company at an early stage, accompanied by new national investor non-correlated companies. At that time it started the validation of third parties of the performance statistics, in particular efficiency and sustainability, and to participate in outside test programs.
To date, Tandem PV has collected a total of $ 83 million in risk capital, debts and government funds.
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