Financial

Researchers perform design and cost analysis of 100 MW perovskite solar panel manufacturing process in different locations

Scientists from Switzerland's EPFL and the Toyota Motor Corporation have prepared a detailed analysis of the projected costs of designing and operating a 100 MW perovskite solar cell production line in various locations, taking under consideration factors like labor and energy costs as well as all materials and processing. The team found that perovskite PV could be cost-competitive with other technologies even at much smaller scale, but noted that this still depends on the tech proving its long-term stability, and impressive achievements in research being successfully transferred to commercial production.

While perovskite materials have been repeatedly demonstrating their potential for low-cost, high-efficiency solar energy with lower energy fabrication compared to silicon PV technology, there are still many different possibilities regarding the form these commercial products could take, and the materials they could contain - with more than one option that could prove commercially viable.

Read the full story Posted: Sep 04,2022

Great Wall Holdings to build HQ and perovskite base for its spin-off UtmoLight in Wuxi, China

Great Wall Holdings (GWH) has entered a contract to build the headquarters and a perovskite base for its spin-off company UtmoLight in Wuxi, China. 

The company signed an agreement with local authorities of Wuxi’s Xishan Economic & Technological Development Zone to invest 3 billion yuan (around USD$442.2 million) in the UtmoLight project. The new headquarters and perovskite innovation industrial base will reportedly house 'the world’s first GW-grade perovskite photovoltaic module and BIPV production line'. The production line of perovskite quantum dot will feature a production capacity of 100 tonnes per year. GWH expects to see an annual production value of 2.5 billion yuan ($368.5 million) after the base is up and running.

Read the full story Posted: Aug 18,2022

TubeSolar raises USD$4.8 million

German photovoltaic (PV) thin-film tubes developer TubeSolar recently raised EUR 4.68 million (around USD$4.8 million).TubeSolar said previously that it intends to use the proceeds to support its growth and for investments in the development of the highly-automated production of its PV modules.

In July 2022, the company reported an efficiency record of 14% on solar films in the industrially suitable "roll-to-roll" process as part of its perovskite research activities

Read the full story Posted: Aug 16,2022

SETO grant to fund development of method for detecting perovskite defects during manufacturing

The U.S. Department of Energy Solar Energy Technologies Office (SETO) selected University of Arizona chemical and environmental engineering associate professor Erin Ratcliff for a $300,000 grant to advance the near-term scalability of perovskites.

“Perovskites are the highest-performing printable solar cell technology,” Ratcliff said. “But the operating hypothesis in the field is that defects are contributing to instability”. With the SETO grant, Ratcliff and her team will develop a method for detecting these defects during manufacturing. The low-cost, scalable method will help scientists understand the way different parts and materials of the manufacturing process may contribute to defects and instability, and, in turn, how to mitigate these effects. The grant is part of SETO’s Small Innovative Projects in Solar 2022 Funding Program, which funds targeted, early-stage ideas in solar energy research that can produce significant results within the first year of performance. Nineteen projects received a total of $5 million in funding.

Read the full story Posted: Jul 28,2022

DOE announces $56 Million to advance U.S. solar manufacturing

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), has announced new initiatives and $56 million in funding to promote innovation in solar manufacturing and recycling. The funding will aim to help make clean energy more affordable and reliable, create jobs and enhance U.S. economic growth and competitiveness. Developing more solar power, the cheapest form of new electricity supply, is key to achieving President Biden’s goal of 100% clean electricity by 2035.

The new programs that were announced are designed to drive innovation in solar technology and manufacturing, supporting opportunities for the U.S. to expand production of thin-film modules, which do not rely on foreign-dominated supply chains, as well as supporting newer technologies like perovskite solar cells.

Read the full story Posted: Jul 15,2022

DOE awards funding for 3 perovskite-related PV projects

The U.S. Department of Energy (DoE) has selected 19 projects for which to grant a total funding of $6 million, to pursue innovative, targeted, early-stage ideas in solar energy research and development. The projects were selected through the Solar Energy Technologies Office (SETO) Small Innovative Projects in Solar (SIPS) 2022 Funding Program.

Projects were awarded in two solar energy research areas: PV and concentrating solar-thermal power (see CSP winners here). PV projects will improve power conversion efficiency, energy output, reuse and recycling processes, service lifetime, and manufacturability of PV technologies. Of the 19 selected project, 3 were perovskite-related.

Read the full story Posted: Jun 11,2022

Tandem PV secures financing to build a pilot manufacturing facility

Tandem PV, a California-based photovoltaic technology company specializing in ultra-high-efficiency tandem metal-halide perovskite solar panels, has announced closing the initial $6 million of its $12 million Series A financing round. Tandem PV will use the funds to build a pilot manufacturing facility in San Jose, California.

The round was led by Bioeconomy Capital, an early-stage venture capital firm, through its new Planetary Technologies fund, with participation from an international solar manufacturer and a U.S. utility company.

Read the full story Posted: Apr 22,2022

New NEXUS project for tandem perovskite PV gets green light

The European Commission has recently given the green light to an agreement to finance the NEXUS project, focused on the development of innovative processes for TANGO HJT/Perovskite technology for the production of sustainable and high-performance photovoltaic modules.

Coordinated by the University of Oxford, the NEXUS project is supported by a multidisciplinary consortium with 12 partners from 9 European countries; 5 industrial partners, including 2 small and medium-sized enterprises (SMEs); and 7 research and technology organizations.

Read the full story Posted: Apr 15,2022