Tandem PV - Page 2

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Earlier this month, TandemPV announced a $4 million grant from the California Energy Commission (CEC) to help accelerate the path to commercialization of its perovskite-silicon tandem solar panels. 

The funding will be used to conduct third-party testing and validation of the company’s panels, considered essential steps to validate the technology before its entry into the market.

TandemPV has announced a $4 million grant from the California Energy Commission (CEC) to help accelerate the commercialization of its perovskite-silicon tandem solar panels. 

The award will fund extensive third-party testing and validation of the company’s panels, to demonstrate their readiness for widespread deployment.

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.

TandemPV has announced that it was selected to receive a $4.7 million award from the U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) to pursue commercialization of its thin-film solar photovoltaic technology. 

The selected project will help TandemPV prove out its pairing of conventional silicon solar with perovskite materials for panels that have the potential to be up to 40% more powerful than those used today.