Swift Solar - Page 2

As part of the Investing in America agenda, the U.S. Department of Energy (DOE) recently announced a $71 million investment in research, development, and demonstration projects to grow the network of domestic manufacturers across the U.S. solar energy supply chain. 

The selected projects will address gaps in the domestic solar manufacturing capacity for supply chain including equipment, silicon ingots and wafers, and both silicon and thin-film solar cell manufacturing. The projects will also open new markets for solar technologies such as dual-use photovoltaic (PV) applications, including building-integrated PV and agrivoltaics. 

A large international group of researchers worked together to form a balanced viewpoint on the prospects of vapor-based processing of perovskite PV on an industrial scale. 

Their perspective highlights the conceptual advantages of vapor phase deposition, discusses the most crucial process parameters in a technology assessment, contains an overview about relevant global industry clusters, and provides an outlook on the commercialization perspectives of the perovskite technology in general.

A new consortium of academic and industry partners, Tandems for Efficient and Advanced Modules using Ultrastable Perovskites, or TEAMUP, looks to help mitigate climate change by making a new generation of solar technology commercially viable.

The three-year TEAMUP collaboration, which is planned to start in the fall of 2023, is supported by $9 million in funding from the U.S. Department of Energy. TEAMUP seeks to maximize the performance and reliability of tandem solar panels for consumer use.

Researchers from NREL, University of Wisconsin—Stout and Swift Solar have reported perovskite-based thermochromic windows that reduce energy load and carbon emission in buildings. The team calculated and fabricated a perovskite-based technology with excellent transition temperatures for building energy savings. 

The use of thermochromic windows in office buildings improves energy efficiency across all climate zones in the United States by modulating the temperature inside, leading to a massive savings, according to the research effort led by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).

U.S -based developer of all-perovskite tandem solar cells, Swift Solar, recently announced that it secured more than $8 million in Series Seed 2 funding, with an additional $1.5 million expected to close soon. Altogether, the company has raised more than $16 million in equity financing to date.

The financing round was led by GitLab CEO Sid Sijbrandij and cryptocurrency player James Fickel. Proceeds will be used to expand R&D, develop prototypes and add staff.