Tandem PV Secures Funding to Scale Perovskite Solar Panel Production

Israeli-American startup Tandem PV is building a solar panel manufacturing facility in Fremont, California, aiming to commercially produce perovskite-based panels. The company has raised funding and developed a process to create panels exceeding 30% efficiency with less than 1% annual degradation, surpassing many existing silicon-based panels.

Tandem PV leverages existing semiconductor manufacturing tools to lower production costs, and plans to expand with a high-volume production line by 2028. The company believes US tax credits currently make domestic solar manufacturing cheaper than production in China.

Perovskite technology has long been touted as a potential breakthrough in solar energy, but challenges with durability and scalability have hindered its widespread adoption. Tandem PV aims to overcome these hurdles with its innovative approach. The company is currently shipping panels from its demonstration plant and seeking a location for a larger manufacturing hub.