The award will assist advance the analysis, growth and commercialization of essentially the most highly effective and sturdy tandem perovskite photo voltaic panels on the earth
SAN JOSE, Calif., June 03, 2024–(BUSINESS WIRE)–Tandem PV, a pioneering power in perovskite photo voltaic know-how, introduced that it has been chosen to obtain a $4.7 million award from the US Department of Energy (DOE) Solar Energy Technologies Office (SETO) to pursue commercialization of its thin-film photo voltaic photovoltaic know-how. The chosen venture will assist Tandem PV show its revolutionary pairing of standard silicon photo voltaic with perovskite supplies for panels with the potential to be as much as 40% extra highly effective than these presently in use.
The SETO award is a part of a $71 million DOE funding that may improve the US clear power provide chain and open new markets for photo voltaic applied sciences.
“This is Tandem PV’s tenth award from the Department of Energy and we’re grateful for the constant, long-term funding and validation,” mentioned Tandem PV co-founder and CTO Colin Bailie. “It’s an thrilling time to be working in renewable power, particularly with assist from these with the imaginative and prescient and experience to assist main perovskite firms like ours succeed as we collectively attempt to achieve web zero emissions by 2050.”
The Tandem PV design maximizes the output of standard silicon photo voltaic cells by stacking them with thin-film perovskite supplies that soak up completely different wavelengths of daylight. The firm produces tandem perovskite panels with roughly 26% effectivity, which is 25% extra highly effective than the common silicon photo voltaic panel. More energy on the identical value per watt results in decrease labor prices for set up, decrease land acquisition prices and decrease whole value of possession for patrons. .
Tandem PV has demonstrated the equal of a long time of projected sturdiness within the lab. The firm plans to acquire unbiased industry-standard validation of effectivity and sturdiness, anticipated to extend additional, by 2024. Plans are additionally underway for a primary manufacturing facility whereas analysis and progress continues apace.
“The Biden-Harris Administration is dedicated to constructing an American-made photo voltaic provide chain that enhances innovation, lowers prices for households and delivers jobs throughout the nation,” mentioned the Secretary. of US Energy Jennifer M. Granholm. “Thanks to historic funding and actions from the president’s clear power agenda, we can ship extra solar energy — the most affordable type of power — to thousands and thousands extra Americans with sealed panels.” made within the USA'”
Tandem PV was chosen as a part of SETO’s Advancing US Thin-Film Solar Photovoltaics Funding Program. Projects on this program will allow home manufacturing of low-cost photo voltaic {hardware}, improve the share of photo voltaic {hardware} worth saved within the US financial system and promote American management in thin-film PV applied sciences. Tandem’s 10 DOE awards embody these for initiatives or efforts led or partnered with it. It contains TEAMUP, a consortium of educational and {industry} companions working to enhance the efficiency and reliability of tandem perovskite photo voltaic panels for shopper use.
About Tandem PV:
Tandem PV, primarily based in Silicon Valley and based in 2016, is driving the transition to a net-zero financial system by growing state-of-the-art perovskite-based photo voltaic panels. The firm is dedicated to growing extremely environment friendly and strong photo voltaic know-how appropriate for broad deployment. Its co-founder and CTO, Colin Bailie, developed the primary perovskite-silicon tandem photo voltaic cell at Stanford University and launched the corporate by way of Cyclotron Road, the US Dept. of Energy startup accelerator that helps improvements with potential for world business affect. Tandem PV has raised a complete of $33 million in enterprise capital and authorities funding together with from the DOE, the National Science Foundation and the California Energy Commission.
About the Office of Solar Energy Technologies
The US Department of Energy’s Solar Energy Technologies Office helps analysis, growth, demonstration, and technical help to enhance the effectivity, reliability, and native utility of photo voltaic applied sciences to assist an equitable transition in a sector of decarbonized power. Learn extra at power.gov/solar-office.
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