The US Department of Energy (DoE) has awarded Tandem PV $4.7 million in funding to advance the commercialization of the corporate’s thin-film photo voltaic know-how.
Tandem PV, a perovskite photo voltaic panel developer, stated it has secured a $4.7 million award from the DoE’s Solar Energy Technologies Office to advance the commercialization of its thin-film photo voltaic know-how.
The award is a component of a bigger $71 million DoE funding in tasks that help strengthening the US photo voltaic provide chain.
The firm develops photo voltaic panels that pair typical silicon cells with perovskite supplies for the panels, giving them the potential to provide as much as 40% extra vitality than conventional photo voltaic modules. used right this moment, because the Tandem PV.
The Tandem PV design stacks a thin-film perovskite layer on high of a crystalline PV layer, with the 2 supplies absorbing totally different wavelengths of daylight. The firm now produces tandem perovskite panels with about 26% effectivity, which is roughly 25% extra highly effective than a standard silicon photo voltaic panel right this moment.
Solar panel effectivity is a vital metric for photo voltaic facility builders. More energy at an identical worth per watt results in decrease labor prices for set up, decrease land-acquisition prices, and a decrease complete price of possession for purchasers, stated the corporate.
“This is Tandem PV’s tenth award from the Department of Energy and we’re grateful for its constant, long-term funding and validation,” stated Tandem PV co-founder and chief know-how officer Colin Bailie .
The firm stated it demonstrated “the equal of many years of projected stability” within the lab. Durability has turn into a key difficulty to handle for perovskites, which exhibit excessive efficiencies, however quickly degrade within the subject.
Tandem PV stated it plans to acquire impartial industry-standard validation of the sturdiness and effectivity of its perovskites by 2024. The firm stated plans are underway for a primary facility in manufacturing as analysis and growth efforts progress.
“Thanks to historic funding and actions from the president’s clear vitality agenda, we can deploy extra solar energy — the most cost effective type of vitality — to tens of millions extra Americans with panel stamped ‘made within the USA.’,” stated Jennifer M. Granholm, US Secretary of Energy.
Tandem PV, based in 2016 in Silicon Valley, 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.
Tandem PV was chosen for a $4.7 million award as a part of SETO’s Advancing US Thin-Film Solar Photovoltaics Funding Program.
Image: Tandem PV
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