TandemPV Wins $4.7M Award for Solar Technology Advancement

Jun 4, 2024 04:58 PM ET
  • Revolutionizing solar technology, TandemPV secures $4.7 million to boost efficiency by up to 40%. Leading the charge in clean energy innovation.
TandemPV Wins $4.7M Award for Solar Technology Advancement

TandemPV has been awarded $4.7 million from the U.S. Department of Energy to advance its thin-film solar photovoltaic technology, which pairs conventional silicon solar with perovskite materials to create panels that could be up to 40% more powerful than current options. This award is part of a larger $71 million investment by the DOE to support the clean energy supply chain and expand solar technology markets.

The company has already achieved 26% efficiency with its tandem perovskite panels, surpassing the typical silicon solar panel. TandemPV plans to further validate the efficiency and durability of its technology in 2024, while also working towards establishing its first manufacturing facility. This initiative aligns with the Biden-Harris Administration's goal of promoting American-made solar technology to drive innovation, reduce costs, and create jobs across the country.

How will TandemPV's technology revolutionize the solar industry in the US?

  • TandemPV's technology has the potential to increase the power output of solar panels by up to 40%, making them more efficient than current options in the market.
  • The company has already achieved an impressive 26% efficiency with its tandem perovskite panels, surpassing the typical silicon solar panel.
  • By receiving a $4.7 million award from the U.S. Department of Energy, TandemPV is well-positioned to further advance its technology and bring it to market.
  • TandemPV's initiative aligns with the Biden-Harris Administration's goal of promoting American-made solar technology, which will drive innovation, reduce costs, and create jobs across the country.
  • The company's plans to establish its first manufacturing facility will not only boost the domestic solar industry but also contribute to the expansion of solar technology markets in the U.S.
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