Power product manufacturer Hangzhou Kelin Electric (KLEC) has reportedly announced its plan to issue A-shares to raise up to RMB 1.46 billion ($201.65 million).
Of the proceeds raised, RMB 1.261 billion ($174.19 million) will be allocated to a 1 GW high-efficiency perovskite solar module plant and the remainder for working capital.
TandemPV has announced it has secured $50 million in Series A funding and debt, led by Eclipse, with participation from Constellation Energy, Planetary Technologies, Uncorrelated Ventures, Trellis Climate, Tom Werner (former CEO of SunPower), Stifel Bank, CSC Leasing, and other existing and new investors. This investment will enable TandemPV to construct a commercial-scale manufacturing facility in the U.S., accelerating the adoption of its high-efficiency solar panels and allowing the U.S. to reduce its dependency on foreign manufacturers while increasing its energy security.
According to the statement, TandemPV's tandem perovskite panels currently achieve 28% efficiency and are projected to surpass 30% by late 2025, proving to be 30% more powerful than the average silicon solar panel. Tandem PV's panels lower labor and land costs, offering customers a lower total cost of ownership and a sustainable path toward decarbonization.
Frontier IP, a specialist in commercializing intellectual property, has announced that its portfolio company GraphEnergyTech (Frontier IP holds a 23.97% equity stake in GraphEnergyTech) has entered into a collaboration with the Taiwan Perovskite Solar Corporation, Taiwan's prestigious Industrial Technology Research Institute (ITRI), and the University of Cambridge to drive development of perovskite solar technology.
This new project that the four organizations have formed will be called Graphene Electrode Technology for Perovskite Solar Cells (or "GETPSC") and it has secured a £884,129 (over US$1,115,000) grant from Innovate UK.
UbiQD, a developer and manufacturer of quantum dot technology, has acquired BlueDot Photonics. The deal includes perovskite-based quantum cutting technology and exclusive rights to BlueDot’s associated intellectual property, initially developed (and licensed from) the University of Washington.
Seattle-based BlueDot Photonics develops solutions to improve solar panel performance. BlueDot's doped perovskite materials convert high-energy photons into nearly twice as many lower-energy photons, according to the company, and the technology could increase silicon solar panel efficiency by up to 16%. The technology has the potential to reduce the cost of solar energy generation and push photovoltaic performance beyond the theoretical limits of traditional silicon-based cells.
Solaires Entreprises, a Canadian clean technology company pioneering perovskite-based photovoltaic solutions, has announced that it has received CAD$1,550,000 (around US$1,092,000) in non-dilutive funding from Sustainable Development Technology Canada (SDTC).
This funding will support the continued advancement and commercialization of Solaires’ innovative perovskite photovoltaic technology, allowing their PVModules to be brought into new applications like transportation and building-integrated solutions. These advancements will enable more sustainable solutions for low-power electronic devices and will catalyze massive GHG savings in the transportation and energy markets.
Perovskite solar modules developer WattByWatt has raised CAD$975,000 (around USD$682,000) financing from the Canada's federal government, which will enable the company to increase its production capacity.
WattByWatt offers its technology as a more efficient and less expensive alternative to traditional silicon-based solar cells, particularly to recharge or power batteries in electronic devices and smart card readers. The company claims its modules can function both indoors and outdoors. It can produce customized solar panels up to 400 cm². WattByWatt’s current portfolio comprises Perovton mini-PV modules to power electronic devices in the Internet of Things (IoT) for home and industry (IIoT). These can power smoke alarms, remote controls, keypads, locks, cameras, etc.
Smartline PV is an innovative Horizon Europe project focused on improving the efficiency and stability of tin halide perovskite solar cells, a promising alternative to toxic lead-based systems. The project focuses on overcoming key challenges with a fast, robust, and scalable plasma-assisted crystallization technology, which ensures high-quality tin perovskite films through precise control of nucleation and growth. This innovative process benefits from high speed, low temperatures, and tailored precursor chemistry.
Additionally, Smartline PV will implement tailored interlayers to further enhance solar cell efficiency and stability, along with novel device concepts for flexible, color-selectable tin perovskite solar cell modules. Smartline PV's lead-free technology aims to achieve efficiencies of 22%, significantly reducing energy consumption and manufacturing costs compared to traditional high-temperature thin film processes.
ART-PV India, an IIT Bombay-incubated start-up, has been awarded a $10 million grant by the Ministry of New and Renewable Energy (MNRE). The funding will enable the company to set up a manufacturing plant for high-efficiency tandem solar cells.
ART-PV has developed a 4T cell with PCE >30% on small area ~1 cm2, which will be transferred to 2T using industry partners supplying semi-processed bottom sub-cells.
China's Yanhe Solar has announced that is has signed an investment agreement with Changde City, Hunan Province, China, to establish a new perovskite material production base with a total investment of approximately RMB 1 billion ($137.91 million).
Founded in 2024, Yanhe Solar is said to have secured angel funding from several investors. The company claims breakthroughs in dry-process perovskite cell production with high repeatability and uniformity, achieving certified efficiencies of 18.17% for its 300 x 400 mm semi-transparent flexible modules and 24.1% for small-area flexible devices. Yanhe Solar says it has already completed a 10 MW perovskite cell production line and has received pre-orders worth nearly RMB 10 million ($1.379 million).
A €3.9m EU-funded project called ET COMPACT is developing three fuel-free propulsion systems around solar energy and green propulsion innovations. The aim is to reduce satellite costs while significantly increasing the proportion of useable satellite mass, for example for scientific experiments, antennas or cameras.
The first technology is a thin film 2-terminal tandem CIGS/Perovskite module for in-space solar energy harvesting and green propulsion, with the goal of achieving an efficiency larger than 15 percent and a power-per-weight ratio larger than 50W/kg to reduce the cost of in-space solar panels.
