Financial

Japan to promote perovskite solar technology through feed-in tariffs

According to reports, Japan's government plans to advance perovskite  flexible solar power panels through the country's feed-in tariff system, seeking to encourage investment in the technology. The Ministry of Economy, Trade and Industry plans to set the price of energy produced from perovskite cells at 10 yen (6 cents) per kilowatt-hour or more, higher than the current level for solar power, starting as early as fiscal 2025.

Light, flexible perovskite cells can generate electricity in places where traditional solar panel installation is not feasible, such as building walls and windows. The base technology is Japanese, and Japanese companies are involved in vigorous R&D with emphasis on quality and durability. At the same time, Chinese companies have begun mass production and are leading in commercialization.

Read the full story Posted: Mar 08,2024

Solaires and Genesis Tech announce JV for high efficiency perovskite PV modules

Solaires Entreprises, a cleantech startup that develops high power conversion efficiency photovoltaic modules, has announced a Joint Venture with Genesis Technologies, a Shanghai based manufacturer. The companies will be working towards mass production of PV modules to replace batteries in indoor electronic devices, as the JV's first phase.

Solaires will provide the technology and Genesis will provide manufacturing as part of the Joint Venture. Genesis Technologies has committed to investing more than $4 Million USD to develop Solaires’ manufacturing site through purchasing production line equipment, carrying out personnel training and executing daily operations for the Joint Venture.

Read the full story Posted: Feb 27,2024

Netherlands reveals details of incentive scheme for PV manufacturing

The Dutch government has drafted a public proposal to support the production of heterojunction and perovskite-silicon tandem modules, as well as building- and vehicle-integrated PV panels, with a maximum allocation of €70 million ($75.1 million) per solar manufacturing project. Rijksdienst voor Ondernemend Nederland (RVO), the state-run agency that manages the SDE++ program for renewable energy in the Netherlands, has publicly proposed the idea of supporting the production of solar panels, storage systems and electrolyzers. The new incentive scheme, “Investeringssubsidie maakindustrie klimaatneutrale economie” (IMKE), will fund a portion of the capital expenditure needed to build factories for the three clean energy technologies.

The RVO said that the incentives for the production of PV panels will be limited to products for building-integrated (BIPV) and vehicle-integrated (VIPV) applications, as well as heterojunction modules or perovskite-silicon tandem panels.

Read the full story Posted: Feb 16,2024

TandemPV raises $6 million to accelerate perovskite PV commercialization

TandemPV has raised $6 million, bringing its total to $27 million in venture capital and government support. The Company will use the funds to advance research and development and plans to build its first manufacturing facility.

The funding round was led by existing investor Planetary Technologies, an early-stage venture capital firm with deep expertise in climate tech. Other institutional investors participated, including new investor Uncorrelated Ventures, as well as executives from a variety of corporate sectors and such solar industry leaders as Tom Werner, former chairman, president and CEO of SunPower Corp.

Read the full story Posted: Jan 16,2024

Akcome to invest $140 million in HJT-perovskite tandem solar cell facility

Chinese energy company Akcome has announced an investment of approximately 1 billion RMB (~USD 140 million) to establish a research and production base for heterojunction-perovskite tandem solar cells.

The initiative will be led by Akcome’s wholly-owned subsidiary, Zhejiang Akcome Future Technology Co., Ltd., in collaboration with the Hangzhou Qianjiang Economic Development Zone Management Committee.

Read the full story Posted: Jan 03,2024

Xi'an Tianjiao New Energy secures funding for perovskite solar cell pilot production line

According to recent reports, China-based Xi'an Tianjiao New Energy has obtained nearly 100 million yuan (over USD$14,100,00) in angel round financing, led by Winreal Investment. The funds will primarily be used for building a perovskite pilot production line with a capacity of 10MW alongside other operational expenses covering consumables and staff.

Tianjiao, a perovskite solar cell developer, specializes in manufacturing single-cell perovskite modules including both flexible and rigid types. The rigid modules find their use primarily in PVBI, whereas the flexible ones are mounted on car roofs or used in 5G base stations.

Read the full story Posted: Nov 25,2023

Voltec Solar secures funds to produce perovskite-silicon tandem modules

French PV module manufacturer Voltec Solar has secured €9.3 million ($10.1 million) from Ademe, France’s environmental agency. The company plans to use the funds to accelerate the production of perovskite-silicon tandem solar panels.

The French manufacturer currently operates two 250 MW production lines at its factory in Dinsheim-sur-Bruche, France.

Read the full story Posted: Nov 24,2023

Armor Group acquires 20% stake in Holosolis, announces work on tandem-perovskite cells on silicon

France-based Armor Group has acquired a 20% stake in French solar module maker HoloSolis

In 2025, HoloSolis plans to open a TOPCon PV cell and panel factory in France. At full capacity from 2027, the factory is expected to employ 1,700 people and produce 10 million modules per year, for a total capacity of 5 GW per year. HoloSolis is also working on the next generation of solar panels and the perovskite-silicon tandem cells.

Read the full story Posted: Nov 17,2023

Huasun Energy announces fund raise and plans to develop heterojunction-perovskite tandem solar cells

Huasun Energy, China-based developer of HJT solar products, has raised more than RMB2 billion (over USD$275,600,000) in its Series C funding. The lead investor is China Green Development Investment Group (China Green Development), with co-investments from Bank of China Asset Management Co., Ltd. (Bank of China Asset) and China Post Insurance Company Limited (China Post Insurance). Originvest and China Xinxing Asset Management Co., Ltd. (China Xinxing Asset) also increased their investment in this round. 

The funding will be used to further expand the production of Huasun's high-efficiency heterojunction (HJT) products and to support the R&D of cutting-edge technologies, including heterojunction-perovskite tandem solar cells.

Read the full story Posted: Nov 16,2023

New project backed by $3 million to boost perovskite solar manufacturing

A new project, led by the University of Michigan, could enable industrial competitors to collectively build a predictive model that speeds the development of perovskite solar cells. The aim is to improve upon the process of layer-by-layer deposition of semiconductor materials during production with an information-sharing approach that boosts cooperation between companies while protecting proprietary information and worker interests.

The project is backed by a four-year, $3 million grant from the National Science Foundation and includes partners at the University of California San Diego.

Read the full story Posted: Nov 15,2023