Swift Solar secures new financing to expand its perovskite R&D
U.S -based developer of all-perovskite tandem solar cells, Swift Solar, recently announced that it secured more than $8 million in Series Seed 2 funding, with an additional $1.5 million expected to close soon. Altogether, the company has raised more than $16 million in equity financing to date.
The financing round was led by GitLab CEO Sid Sijbrandij and cryptocurrency player James Fickel. Proceeds will be used to expand R&D, develop prototypes and add staff.
US-MAP consortium is set to boost perovskite solar commercialization
The U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) has established a public-private consortium called the US-MAP for US Manufacturing of Advanced Perovskites Consortium, that aims to fast track the development of low-cost perovskite solar cells for the global marketplace.
The joint effort will aim at resolving a number of issues involving manufacturing and durability. US-MAP will also tackle sustainability issues, some of which relate to the use of lead and other metals.
Perovskite solar cell developer Swift Solar raises $4.6 million
Swift Solar, A U.S startup designing and manufacturing perovskite solar panels, has announced raising $4.6 million as part of a $6.6 million investment round.
The team at Swift Solar in Colorado includes leading solar technologists from Stanford, MIT, Cambridge (UK), Oxford (UK), and the University of Washington, with expertise in perovskite photovoltaic technology and scale-up. Swift's core technologies range from new solar cell architectures to specialized manufacturing techniques initially developed in the labs at Stanford and MIT.
