CubicPV

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. 

According to a recent announcement, Verde Technologies has attracted investment from multiple venture funds and industry veterans. Most notably, the former CEO of GE Power, Steve Bolze, has joined Verde as an investor and advisor to support the company’s continued growth.

“Verde stood out to me because of the pace at which the team is able to make progress toward changing the solar paradigm. It is clear that solar energy will play a dominant role in the renewable energy transition, especially with the tailwinds of recent legislation such as the Inflation Reduction Act.” says Bolze. “Verde’s team and technology are poised to make solar manufacturing and deployment simpler, lower cost, and more accessible.”

Researchers at the University of North Carolina at Chapel Hill and CubicPV have developed mini solar modules based on perovskite cells treated with zinc trifluoromethane sulfonate [Zn(OOSCF₃)₂]. The scientists found that using a small amount of this zinc salt in the perovskite solution can address the issue of interstitial iodides, which are the most critical type of defects in perovskite solar cells that limits efficiency and stability. The zinc salt helps control the iodide defects in resultant perovskites ink and films. 

The scientists explained that this is a low-cost material that is used as an additive at a very small percentage in perovskite inks and that its use makes perovskite module fabrication more reproducible, which helps to also make it cheaper.

In December 2022, CubicPV announced plans to establish 10 GW of conventional mono wafer capacity in the United States. Now, CubicPV said it has halted its plans to build a major U.S. silicon wafer factory, citing a collapse in product prices and soaring construction costs. It was reported that the Company will instead be focusing on producing tandem perovskite solar modules.

As part of its restructuring scheme, the company reduced its workforce and eliminated positions tied to the U.S. factory effort. The Company said it would support the affected workers by providing severance packages and extended health benefits.

Verde Technologies, a perovskite-focused thin-film solar company, has announced a new exclusive partnership with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and Northern Illinois University (NIU) to work collaboratively on the commercialization of perovskite solar cells. 

By combining NREL's and NIU’s expertise with Verde's cutting-edge manufacturing techniques, this collaboration aims to unlock the potential of efficient, safe, low-cost perovskite solar panels at an unprecedented scale.