Tandem PV - Company Market Research Report

Company Overview

Name

Tandem PV

Mission

Accelerating to Net Zero with Perovskite Solar Panels

Founding

Year Founded: 2016

Founder: Colin Bailie

Key People

Scott Wharton: CEO

Colin Bailie: Founder & CTO

Chris Eberspacher: Co-Founder

Saritha Peruri: Vice President of Commercialization

Jean-Claude Calegari: Chief Financial Officer

Headquarters

575 Dado Street, San Jose, CA 95131

Number of Employees

No information is available.

Revenue

No information is available.

What the Company is Known For

Tandem PV is known for pioneering perovskite solar technology, developing the most powerful and durable perovskite solar panels in the market.

Products

Offerings

Tandem Perovskite Solar Panels

Product Description and Features

Tandem Perovskite Solar Panels

High Level Description: These panels leverage tandem perovskite technology that is more powerful and durable than conventional silicon solar modules.

Key Features:

Efficiency: Achieving 28% efficiency, 25% more powerful than average silicon solar panels.

Durability: Demonstrated equivalence of decades of durability.

Technology: Utilizes perovskite, a synthetic crystalline material sensitive to wavelengths of light not efficiently converted by silicon.

Cost: Provides more power at a similar price per watt, resulting in lower labor and land costs.

Recent Developments

New Products and Features

Development of tandem perovskite panels with 28% efficiency.

Panels are designed for utility-scale projects and are compatible with existing utilities' ecosystems.

Recent Funding Rounds

January 2024: Raised $6 million to accelerate research and development for the first manufacturing facility.

Total funds raised to date are $33 million.

Partnerships and Collaborations

Collaboration with the University of North Carolina and several academic partnerships for intellectual property development.

Received 16 government grants and 10 awards from the U.S. Department of Energy.

Upcoming Validations

Planning third-party validation for efficiency and durability of panels in 2024.

Industry Recognition

Joined the Solar Energy Manufacturers for America (SEMA) Coalition.

Listed as one of the 50 Climate Tech Companies Likely to Significantly Drive Carbon Reductions by 2050.

Initial Application Focus

Targeting utility-scale PV projects as the initial application.

Other Notable Events

Appointed Saritha Peruri as Vice President of Commercialization in June 2024, bringing over 20 years of solar and finance expertise to the company.

Noted for its innovative approach in perovskite technology development, making strides both in efficiency and durability.

Potential Market Impact

Tandem PV’s solar technology is positioned to revolutionize the energy landscape by significantly enhancing solar panel efficiency while reducing costs. This positions the company to capture a large market share in the burgeoning renewable energy sector, anticipated to reach $1 trillion annually in the next decade.