Tandem PV has actually protected capital to advance its four-terminal perovskite-silicon tandem module innovation and move better to very first production. The business declares its items preserve 80% of the preliminary efficiency after 25 years.
San Jose, California-based Tandem PVa start-up business establishing mechanically-stacked, four-terminal, perovskite-silicon modules, revealed a $6 million endeavor financing round. The business, which was established in 2016, stated it will utilize the funds to speed up towards commercialization, buying research study and advancement and prepare for its very first production center.
The round was led by existing financier Planetary Technologies, an early-stage equity capital company, signed up with by brand-new compatriot financier Uncorrelated Ventures.
The brand-new capital is a recognition of the endeavor’s development in regards to stability, power conversion performance, and module size, according to Tandem PV, CEO, Scott Wharton. “Everyone discuss resilience and stability, however we have the ability to show it,” he informed pv publication
“Our indoor tests are revealing 80% efficiency after 25 years comparable. The encapsulated tandem module’s power conversion performance is 26% with standard PERC cells,” stated Wharton, including that the modules step 100 cm2, with more recent ones at 300 cm2.
The business did not offer more information about the module and cell innovation.
Tandem PV is among numerous groups utilizing the United States Department of Energy’s PV Accelerator for Commercializing Technologies (PACT) for independent efficiency and dependability screening for all ranges of perovskite PV modules and mini modules, consisting of field screening.
To date, the business has actually raised $27 million in equity capital and federal government assistance. It anticipates the current funding round to assist generate consumer arrangements and to start developing the very first plant. The next actions for this year are third-party recognition of the efficiency metrics, particularly effectiveness and sturdiness, and to participate in outside screening programs.
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The efficiency tests are the most recent action that seven-year-old Tandem PV is taking towards advertising its mechanically stacked panels. It has actually made 100 cm2 panels which have actually passed IEC 61215 sped up tests with scholastic partners, and has actually gotten preliminary information on passing triple-length period IEC 61215 tests, as Colin Bailie, CTO, informed pv publication in a 2023 interview.
The preliminary application Tandem PV will target is utility-scale PV *.
*This post was modified on 19 January 2024 to place the proper preliminary application as utility-scale PV and not roof as was initially kept in mind.
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