Swift Solar

Swift Solar has announced the acquisition of the core manufacturing assets and intellectual property of Meyer Burger, one of Europe’s most established solar manufacturers. The acquisition includes gigawatt-scale heterojunction (HJT) manufacturing equipment and a global patent portfolio, marking a step toward large-scale production of next-generation perovskite-silicon tandem solar cells in the United States. As part of the deal, Swift Solar is also onboarding a team led by Gunter Erfurt (former Meyer Burger CEO) and Marcel Koenig (former Global Head of R&D). 

By combining Meyer Burger’s proven silicon manufacturing expertise with Swift’s perovskite technology, the company plans to rapidly accelerate toward US-based gigawatt-scale production of the most efficient solar cells on the market.

Swift Solar has announced a collaboration with Plenitude for utility-scale pilot testing and evaluation of long-term supply arrangements. Plenitude is a company controlled by Eni, one of the world's largest energy companies. Plenitude is targeting 15 GW of renewable capacity by 2030. Eni Next, the corporate venture capital arm of Eni, is also a major strategic investor in Swift Solar.

This partnership is an important step for Swift Solar on its way to the commercialization of perovskite technology for utility-scale solar and includes pilot testing of Swift Solar's technology at one of Plenitude's US solar facilities, providing early-stage validation of performance and durability under utility-scale operating conditions.

A few months ago, in August 2025, Swift Solar, in partnership with the U.S. Department of Defense (DoD), successfully completed a demonstration of its U.S.-manufactured perovskite tandem solar technology during the DoD’s Cyber Fortress exercise in Virginia Beach, Virginia. The event marked one of the first real-world deployments of perovskite solar technology in the United States.

Integrated within the Rapid Deployment Hybrid MicroGrid (RDHM) developed by Resilient Energy & Infrastructure, Swift Solar’s high-efficiency perovskite tandem modules supplied clean power alongside two additional energy sources during the cyber defense exercise. The system supported critical operations while demonstrating the role of advanced solar technology in enhancing secure, distributed energy systems for national defense.

Swift Solar has announced a strategic partnership with American Tower Corporation, a leading global provider of wireless communications infrastructure. The collaboration will evaluate the deployment of Swift Solar's solar panels across American Tower's extensive US tower infrastructure portfolio, demonstrating the company's confidence in Swift Solar's technology and commercial potential.

The collaboration addresses the growing demand for higher energy density solutions, driven by both the surge in electricity demand from artificial intelligence (AI) data centers and the limitations of traditional power infrastructure due to grid constraints. Swift Solar's perovskite technology is said to deliver significantly higher power output per square foot than conventional solar, making it ideal for distributed applications where space and efficiency are critical. American Tower operates approximately 42,000 communications sites in the US and over 149,000 sites globally, representing substantial opportunities for distributed solar deployment.

Swift Solar has announced the close of its $27 million Series A financing round. The round was co-led by Eni Next and Fontinalis Partners. Also joining the round are new and existing investors including Stanford University, Good Growth Capital, BlueScopeX, HL Ventures, Toba Capital, Sid Sijbrandij, James Fickel, Adam Winkel, Fred Ehrsam, Jonathan Lin, and Climate Capital.

In total, Swift Solar has raised $44 million for its mission to transform the solar energy landscape with perovskite tandem solar products. Proceeds from this round will accelerate Swift Solar’s scaling of efficient and stable tandem technology as the Company prepares to break ground on its first factory. Swift Solar also plans to build a factory in the U.S. in the next two to three years to manufacture thin-film solar.