Financial

New Rice research projects get over $4 million funding to ‘transform’ future of advanced materials

Rice University materials scientist, Boris Yakobson, has won three awards from two federal agencies totaling $4,140,611 over several years to research challenging aspects of advanced materials’ production, performance and dynamics. A project titled “Mapping the synthetic routes for 2-dimensional materials” aims to unravel the molecular mechanisms that would enable the production of 2D materials for use in microchips and future electronics at industrial scale and quality.

Building on previous work on several iconic 2D materials such as graphene, molybdenum disulfide and hexagonal boron nitride, the Yakobson Research Group aims to establish a general approach to the development of predictive synthesis models for perovskites, nitrides, oxides and other materials coveted for energy and electronics applications.

Read the full story Posted: Jul 14,2024

BOE to invest over USD$100 million in new perovskite PV pilot line

Reports suggest that a new pilot line for the production of perovskite solar cells has been approved by the administrative committee of Xinzhan Hi-Tech Zone, Hefei City, Anhui Province, China. 

The project is initiated by Hefei BOE PV Company, a holding subsidiary of BOE Technology Group Co. (BOE), a company that is known to have launched a project to enter the photovoltaic industry by investing in perovskite solar cells. BOE reportedly plans to invest 871 million yuan (approximately US$119.85 million) to set up the pilot line for perovskite solar cells. 

Read the full story Posted: Jul 09,2024

Arizona State University researchers receives funding to promote standards for reliability of perovskite solar cell

An assistant professor at Arizona State University named Nick Rolston has received a 2024 National Science Foundation Faculty Early Career Development Program (CAREER) Award to develop standards for perovskite solar panel reliability and longevity.

As silicon solar panels have been around for decades, standards to build high-quality panels are well established after years of research and testing. However, there are no such tests or standards for perovskite panels. As a family of materials with different properties than silicon, perovskites exhibit much different behavior. Many designs developed to date degrade quickly, dropping to 80% of their original efficiency — the standard for replacement — after a year or less.

Read the full story Posted: Jun 21,2024

Swift Solar announces $27 million Series A funding round

Swift Solar has announced the close of its $27 million Series A financing round. The round was co-led by Eni Next and Fontinalis Partners. Also joining the round are new and existing investors including Stanford University, Good Growth Capital, BlueScopeX, HL Ventures, Toba Capital, Sid Sijbrandij, James Fickel, Adam Winkel, Fred Ehrsam, Jonathan Lin, and Climate Capital.

In total, Swift Solar has raised $44 million for its mission to transform the solar energy landscape with perovskite tandem solar products. Proceeds from this round will accelerate Swift Solar’s scaling of efficient and stable tandem technology as the Company prepares to break ground on its first factory. Swift Solar also plans to build a factory in the U.S. in the next two to three years to manufacture thin-film solar.

Read the full story Posted: Jun 12,2024

TandemPV to receive $4.7 million award from U.S. Department of Energy

TandemPV has announced that it was selected to receive a $4.7 million award from the U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) to pursue commercialization of its thin-film solar photovoltaic technology. 

The selected project will help TandemPV prove out its pairing of conventional silicon solar with perovskite materials for panels that have the potential to be up to 40% more powerful than those used today.

Read the full story Posted: Jun 04,2024

Renshine plans GW-scale perovskite PV panel factory

It was reported that Renshine Solar will open a gigawatt-scale perovskite PV module factory in Jiangsu province, with a planned investment of CNY 1 billion ($138 million). 

The CNY 1 billion gigawatt-scale perovskite cell project will be located in the Economic and Technological Development Zone (ETDZ) in Changshu, Jiangsu province, China. The Company started operating a 150 MW production line for perovskite modules in January. It has since claimed that its commercial modules have achieved a power conversion efficiency of 18.4%.

Read the full story Posted: May 31,2024

Australia allocates funds to support U of Queensland project on perovskite solar cells

Funding totaling AUD$58.3 million (over USD$38,781,000) has been announced through a recent round of the Australian Laureate Fellowships scheme, supporting projects including quantum computing devices, more durable perovskite-based solar photovoltaic cells, and terahertz biosensing.

The funding was announced through the scheme, which is part of ARC’s Discovery Program and supports researchers “to design ambitious research programs around a team of postdoctoral fellows and postgraduate students” in various fields.

Read the full story Posted: May 29,2024

Microquanta moves towards scale-up with SMIT Thermal Solutions' equipment for GW perovskite factory

Microquanta, a perovskite solar cell manufacturer based in Hangzhou, China, has announced its latest procurement of state-of-the-art vacuum deposition equipment from SMIT Thermal Solutions. This significant acquisition, surpassing 9 million Euros in value, marks a pivotal moment in Microquanta's journey towards launching the world's first gigawatt-scale (GW) perovskite solar cell factory in Hangzhou.

This collaboration with SMIT Thermal Solutions is not a first for Microquanta; the Dutch-based company has been a partner since 2018, starting with a pilot setup, followed by the delivery of a mass production system for Microquanta's 100MW factory. The latest deal involves cutting-edge next-generation mass production systems, tailored to meet the ambitious scale and efficiency goals of Microquanta's GW factory.

Read the full story Posted: May 26,2024

GCL optoelectronic launches perovskite project

It was reported that about a week ago, Kunshan GCL Optoelectronic Material launched the first phase of a photovoltaic energy storage equipment production project was launched, backed by a total investment of Yuan 570 million (over USD$80 million).

The project is undertaken by Kunshan High-Tech Group, which is responsible for the customized construction of a high standard factory area for the 1 GW production project of perovskite photovoltaic modules for enterprises. 

Read the full story Posted: May 20,2024

US DOE invests $71 million to advance American solar manufacturing

As part of the Investing in America agenda, the U.S. Department of Energy (DOE) recently announced a $71 million investment in research, development, and demonstration projects to grow the network of domestic manufacturers across the U.S. solar energy supply chain. 

The selected projects will address gaps in the domestic solar manufacturing capacity for supply chain including equipment, silicon ingots and wafers, and both silicon and thin-film solar cell manufacturing. The projects will also open new markets for solar technologies such as dual-use photovoltaic (PV) applications, including building-integrated PV and agrivoltaics. 

Read the full story Posted: May 19,2024