Tandem PV Raises $50M to Take Back U.S. Leadership With New Perovskite Solar Manufacturing
- Editor
- Mar 4
- 1 min read
Whats Happening:
Tandem PV, a pioneer in American perovskite solar technology, has secured $50 million in Series A funding and debt. The investment will enable the company to construct a commercial-scale manufacturing facility in the U.S., accelerating the adoption of its high-efficiency solar panels and reducing dependency on foreign manufacturers.
Key Moves:
Tandem PV secures $50 million in Series A funding and debt
Plans to construct a commercial-scale manufacturing facility in the U.S.
Aims to reduce U.S. dependency on foreign solar panel manufacturers
By The Numbers:
Tandem PV's panels currently achieve 28% efficiency
Projected to surpass 30% efficiency by late 2025
Panels are 30% more powerful than average silicon solar panels
Key Quotes:
"Tandem PV's performance and progress are incredibly exciting, particularly given there have been minimal breakthroughs in solar technology for the past decade," said Eclipse Partner Greg Reichow.
"This investment is a resounding endorsement of our mission to revolutionize solar energy and re-establish the U.S. as a leader in renewable technology," said Scott Wharton, CEO of Tandem PV.
Bottom Line:
Tandem PV's $50 million funding round marks a significant step towards re-establishing U.S. leadership in solar technology. By developing high-efficiency perovskite solar panels and planning domestic manufacturing, the company aims to reduce reliance on foreign suppliers and strengthen America's position in the renewable energy sector.
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