Oxford PV makes strides towards PSC commercialization with new $20.5 million PV production line

After forming a strategic partnership in March 2019 between Meyer Burger and Oxford Photovoltaics, Meyer Burger has announced that it has received its first order from Oxford Photovoltaics (Oxford PV), for a heterojunction (HJT) manufacturing line including necessary adaptions enabling the upgrade to perovskite-on-HJT tandem technology.

Oxford PV hits new efficiency record image

The order for the upgrade itself will reportedly follow later this year. The current contract volume is about CHF 20 million and provides Oxford PV with an initial manufacturing capacity of 100 MW with plans to expand tandem solar cell production capacity to 250 MW by the end of 2020.

Frank Averdung, CEO of Oxford PV, commented: 'With our first order placed, we are well on our journey to becoming the world's first perovskite-on-HJT tandem solar cell manufacturer. We are delighted to be working with Meyer Burger ' a world leading photovoltaic equipment and technology supplier. Building on Meyer Burger's expertise, we are accelerating the time to market for our perovskite-on-HJT tandem solar cells."

Hans Brändle, CEO of Meyer Burger, stated: 'With Oxford PV's leading edge tandem cell technology and our capabilities to industrialize high-efficiency PV processes, we have formed the ideal partnership to accelerate its industrialization and set the pace for this next generation PV technology. '

In December 2018, Oxford PV announced a new, certified, 28% efficiency world record for its perovskite-based solar cell. In July 2019, Oxford PV announced the closing of its Series D funding round. An additional £34 million, following the £31 million first close, brought the funding round total to £65 million.

Posted: Aug 09,2019 by Roni Peleg