Tandem PV secures $50 M to revive US Solar leadership
Tandem PV secures $50 M to build a US solar plant, advancing high-efficiency perovskite panels.
Image for illustration purposes
USA, California, San Jose: Tandem PV, a pioneer in American perovskite solar technology, has secured $50 M 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 new and existing investors.
This funding will allow Tandem PV to build a cutting-edge commercial-scale manufacturing plant in the U.S., accelerating the adoption of its high-efficiency solar panels. The facility will help reduce reliance on foreign manufacturers and strengthen the nation’s energy security.
Tandem PV’s advanced tandem perovskite panels offer unmatched durability and efficiency, currently reaching 28 % efficiency and expected to exceed 30 % by late 2025. With 30 % more power than standard silicon panels, they reduce labour and land costs, providing a cost-effective path to decarbonisation.
Industry reports predict perovskite solar modules will reach GW-scale production by 2028, with Tandem PV leading the charge. Its ultra-thin perovskite layer uses 10 % of the energy required for traditional panels, setting a new standard for sustainable, efficient manufacturing.
Source: Tandem PV
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