Funding Accelerates Commercialization Efforts
In a significant move towards advancing perovskite solar technology, Tandem PV secures an additional $6 million, reaching a total of $27 million in combined venture capital and government support. This boost will facilitate crucial research and development, with the company planning to establish its first manufacturing facility.
Investors and Leadership Support
The latest funding round, spearheaded by existing investor Planetary Technologies, saw active participation from institutional investors, including Uncorrelated Ventures, and notable industry figures such as Tom Werner, former CEO of SunPower Corp. Scott Wharton, appointed CEO last summer, underscores Tandem PV’s leadership position in efficiency and durability within the perovskite market.
Advancements in Perovskite Solar Panels
Tandem PV’s innovative design enhances traditional silicon solar cells by integrating thin-film perovskite materials. The resulting tandem perovskite panels boast an impressive 26% efficiency, surpassing average silicon solar panels by approximately 25%. This translates to cost savings for customers in terms of lower labor and land-acquisition expenses.
In addition, Tandem PV has successfully demonstrated the equivalent of decades of projected durability in lab settings, showcasing the robustness of its technology. The company is now poised to seek industry-standard validation for efficiency and durability, a process expected to yield further advancements throughout 2024.
Source：businesswire.com
