Advanced Renewable Tandem-Photovoltaics India (ART-PV India) is an IIT-Bombay-incubated startup specializing in high-efficiency solar cells. Art-PV has developed a 2-Terminal Monolithic Silicon/CdTe-Perovskite tandem solar cell with a conversion efficiency of 29.8%.
It is reportedly setting up a $10 million fabrication facility for manufacturing commercial tandem solar cells at IIT-Bombay. The project is being funded by multiple sources, including the Ministry of New and Renewable Energy (MNRE), through IIT-Bombay.
The startup has partnered with solar manufacturers First Solar and Waaree, who will help develop and commercialize the technology in exchange for preferential licensing rights. First Solar operates a thin-film PV plant near Chennai, while Waaree specializes in crystalline silicon-based PV cells. The technology is compatible with both thin-film and crystalline PV systems.
Art-PV’s tandem cell is currently at Technology Readiness Level (TRL) 6 (prototype demonstration) or TRL 7 (demonstration in an operational environment). A 2 MW pilot plant is planned at IIT-Bombay to advance commercialization.
India
