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Booming Potential of Perovskite Solar Cells Market to Reach US$ 6,012.48 Million…

Booming Potential of Perovskite Solar Cells Market to Reach US$ 6,012.48 Million…

    The global perovskite solar cell market was valued at US563.3 million in 2022 and is expected to reach US6,012.48 million by 2031, demonstrating tremendous growth in the forthcoming years with a projected compound annual growth rate (CAGR) of 30.4% from 2023 to 2031.

    February 09, 2023 06:30 ET | Source: AstuteAnalytica India Pvt. Ltd. AstuteAnalytica India Pvt. Ltd.

    New Delhi, Feb. 09, 2023 (GLOBE NEWSWIRE).- The development of perovskite solar cells (PSCs) has shown great promise in recent years, offering several benefits over traditional photovoltaic technologies, such as silicon solar cells. PSCs are thin-film devices that can convert solar energy into electricity with a level of efficiency that is comparable to traditional solar cells. Additionally, PSCs have lower fabrication costs, improved electrical efficiency, and improved stability.

    As per Astute Analytica, in the last few years, the global perovskite solar cells market witnessed a Rapid increase in the efficiency of PSCs. This is due to the development of hybrid organic-inorganic metal halide perovskites, as well as advances in materials processing, device architecture, and layer optimization. Industrial production of PSCs is also being explored, with the development of lead-free PSCs and advances in printing and coating techniques, which offer the potential for low-cost and large-scale manufacturing.

    However, there are still some challenges that need to be addressed before PSCs can be widely used in industry. The most pressing issue is the stability of PSCs, which is not currently sufficient for outdoor applications or large-scale installations. Additionally, the open circuit voltage (Voc) is lower than expected, resulting in energy losses.

    Demand For Flexible Perovskite Solar Cell to Grow at Over CAGR of 28% in the Global Perovskite Solar Cells Market

    The demand for flexible perovskite solar cells (FPSCs) is growing at an exponential rate due to the high-power conversion efficiency, lightweight, and low cost of the technology. The use of perovskite materials allows for easily deposited solar panels onto most surfaces, including flexible and textured ones. FPSCs also have the ability to match the performance of silicon-based photovoltaics, making them an ideal source of clean and sustainable energy.

    Recent research has increased the efficiency of these cells, with new records being set as high as 24.4%. This has made them even more attractive to businesses and individuals looking for an eco-friendly power source in the perovskite solar cells market. Furthermore, the advances in roll-to-roll processing technology have made it easier to produce large volumes of these cells, leading to further cost reduction.

    This growth in demand for FPSCs is being driven by a number of factors, including rising awareness of the environmental benefits of using renewable energy sources, advancements in technology that are making the cells more efficient, cost effective, and easy to produce, and the increasing availability of government incentives for businesses and individuals to install solar PV systems. Furthermore, the increasing FOCUS on renewable energy sources from governments around the world is providing a boost to the sector, with many countries setting ambitious targets for the use of solar and other renewable sources.

    The demand for FPSCs in the global perovskite solar cells market is expected to continue to grow as the technology becomes more accessible and cost-effective. With further advances in technology, such as printable electrodes and encapsulation materials, the efficiency of the cells is likely to increase even further. This will open up more opportunities for businesses and individuals to benefit from the use of renewable energy, while also helping to reduce the overall carbon footprint. Ultimately, the growth in demand for FPSCs is a positive sign for the future of renewable energy sources and the fight against climate change.

    Top 7 Trends Shaping the Global Perovskite Solar Cells Market

    • Advancements in Materials and Processing: The development of lead-free perovskite materials and improved processing techniques are driving innovation in the perovskite solar cell (PSC) industry.
    • Growing Demand for Flexible Devices: The demand for flexible PSCs, which can be integrated into a wide range of products, is increasing as they offer improved electrical efficiency and lower fabrication costs.
    • Investment in RD and Commercialization: With the increasing popularity of PSCs, there has been a surge in investment in research and development and commercialization of PSC technology around the global perovskite solar cells market.
    • Expansion of Manufacturing Capacity: Companies are expanding their manufacturing capacities to meet the growing demand for PSCs, especially in the Asia Pacific region.
    • Increase in Investment from Government and Private Players: Both government organizations and private players are investing heavily in PSCs, leading to increased funding and development opportunities for the industry.
    • Growing Focus on Stability and Efficiency: Stability and efficiency are becoming increasingly important as companies work to develop PSCs that can be used in a wide range of applications.
    • Development of Printing and Coating Techniques: Advances in printing and coating techniques are making it possible to produce PSCs at low cost and on a large scale, further increasing their commercial viability.

    Asia Pacific to Account for 56% Revenue of Global Perovskite Solar Cells Market

    The Asia Pacific region is a global leader in Perovskite Solar Cell (PSC) production and innovation. The booming solar industry in the region, driven by growing demand for clean energy and government support for renewable energy sources, has contributed to this growth. The region’s largest producer of solar energy, China, has deployed over 30.88 GW of solar PV systems in the first half of 2022.

    China, being the largest producer of solar energy in the world, has made significant contributions to the growth of the Perovskite Solar Cells market in the Asia Pacific region. With over 30.88 GW of Solar PV systems deployed in the first six months of 2022, the country has become a major player in the production and implementation of PSCs.

    China’s government has also been supportive of the PSC industry, providing subsidies and incentives for the development of clean energy sources. This has attracted a large number of companies and investors to the country, leading to an increase in research, development and production of PSCs.

    The perovskite solar cells module market in the Asia Pacific region is experiencing significant growth, with a projected revenue increase from approximately USD 331 million in 2022 to USD 2104.36 million by 2031. This is due to the low cost of production and higher efficiency of PSCs compared to traditional silicon-based solar cells, making them a desirable option for both residential and commercial applications.

    The Asia Pacific perovskite solar cells market is home to leading PSC companies such as SunPower, Panasonic, and Trina Solar who are investing in research, development, and production to advance PSC technology and reduce production costs through techniques such as screen printing and vacuum deposition.

    Additionally, India, Japan, South Korea, and Australia have made significant investments in PSC technology and are working to expand their markets. For example, India’s government has implemented incentives such as the Jawaharlal Nehru National Solar Mission and set a target of 100 GW of solar power by 2023 to promote PSC adoption.

    Top 5 Players Hold 34% Share of Global Perovskite Solar Cells Market

    According to the market research report, the top 5 companies hold a combined market share of 34.2%. Oxford PV is the largest player, which is followed closely by Alfa Aesar. This high concentration of market share among a few players highlights a highly competitive market landscape, making it challenging for new entrants to gain a foothold.

    Oxford PV, the largest player in the perovskite solar cells market, has a market share of 9.50% and is known for its high-quality products and innovative technology.

    Oxford PV is the largest producer of perovskite solar cells around the globe because they have been able to revolutionize solar power technology and develop high-efficiency, low-cost solar cells. Through their efforts, Oxford PV has grown from a team of 5 staff members in 2011 to 95 in 2019 and has recently completed a 100 MW factory build out. Oxford PV has developed a perovskite-on-silicon solar cell that offers a high efficiency at a low cost, making solar energy more accessible and cost-effective. They have also achieved a world record cell efficiency of 29.52%, making them the leading technology provider in the field of perovskite solar cells.

    The key to the success of Oxford PV’s perovskite solar cells is their use of titanium dioxide (TiO2) as an electron transport layer (ETL). TiO2 is a highly stable material with an energy level that is suitable for this application, as well as being cost-effective. These characteristics make it the perfect material for ETLs in regular-structure PHJ-PSCs.

    Prominent Players in Perovskite Solar Cells Market:

    • BASF
    • Dyenamo
    • Energy Materials Corp.
    • Frontier Energy Solution
    • Fujifilm
    • Fujikura
    • GCL Suzhou Nanotechnology Co., Ltd.
    • Greatcell Energy
    • Hangzhou Microquanta
    • Heiking PV Technology Co., Ltd.
    • Hubei Wonder Solar
    • Hunt Perovskite Technologies (HPT)
    • InfinityPV
    • Jinkosolar
    • Kyocera
    • LG Chem
    • Li Yuan New Energy Technology Co.
    • Merck
    • Microquanta Semiconductor
    • Oxford PV
    • Panasonic
    • Saule Technologies
    • Sharp
    • Solartek
    • Solaronix SA
    • Solliance
    • Tandem PV
    • Toshiba
    • Trina Solar
    • WonderSolar
    • Other Prominent Players

    About Astute Analytica

    Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

    Contact us:Aamir BegBSI Business Park, H-15,Sector-63, Noida- 201301- IndiaPhone: 1-888 429 6757 (US Toll Free); 91-0120- 4483891 (Rest of the World)Email: sales@astuteanalytica.comWebsite: www.astuteanalytica.com

    Contact Data

    Contact us: Aamir Beg BSI Business Park, H-15,Sector-63, Noida- 201301- India Phone: 1-888 429 6757 (US Toll Free); 91-0120- 4483891 (Rest of the World) Email: sales@astuteanalytica.com Website: www.astuteanalytica.com

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    The global perovskite solar cell market was valued at US563.3 million in 2022 and is expected to reach US6,012.48 million by 2031, demonstrating tremendous growth in the forthcoming years with a projected compound annual growth rate (CAGR) of 30.4% from 2023 to 2031.

    February 09, 2023 06:30 ET | Source: AstuteAnalytica India Pvt. Ltd. AstuteAnalytica India Pvt. Ltd.

    New Delhi, Feb. 09, 2023 (GLOBE NEWSWIRE).- The development of perovskite solar cells (PSCs) has shown great promise in recent years, offering several benefits over traditional photovoltaic technologies, such as silicon solar cells. PSCs are thin-film devices that can convert solar energy into electricity with a level of efficiency that is comparable to traditional solar cells. Additionally, PSCs have lower fabrication costs, improved electrical efficiency, and improved stability.

    As per Astute Analytica, in the last few years, the global perovskite solar cells market witnessed a Rapid increase in the efficiency of PSCs. This is due to the development of hybrid organic-inorganic metal halide perovskites, as well as advances in materials processing, device architecture, and layer optimization. Industrial production of PSCs is also being explored, with the development of lead-free PSCs and advances in printing and coating techniques, which offer the potential for low-cost and large-scale manufacturing.

    However, there are still some challenges that need to be addressed before PSCs can be widely used in industry. The most pressing issue is the stability of PSCs, which is not currently sufficient for outdoor applications or large-scale installations. Additionally, the open circuit voltage (Voc) is lower than expected, resulting in energy losses.

    Demand For Flexible Perovskite Solar Cell to Grow at Over CAGR of 28% in the Global Perovskite Solar Cells Market

    The demand for flexible perovskite solar cells (FPSCs) is growing at an exponential rate due to the high-power conversion efficiency, lightweight, and low cost of the technology. The use of perovskite materials allows for easily deposited solar panels onto most surfaces, including flexible and textured ones. FPSCs also have the ability to match the performance of silicon-based photovoltaics, making them an ideal source of clean and sustainable energy.

    Recent research has increased the efficiency of these cells, with new records being set as high as 24.4%. This has made them even more attractive to businesses and individuals looking for an eco-friendly power source in the perovskite solar cells market. Furthermore, the advances in roll-to-roll processing technology have made it easier to produce large volumes of these cells, leading to further cost reduction.

    This growth in demand for FPSCs is being driven by a number of factors, including rising awareness of the environmental benefits of using renewable energy sources, advancements in technology that are making the cells more efficient, cost effective, and easy to produce, and the increasing availability of government incentives for businesses and individuals to install solar PV systems. Furthermore, the increasing FOCUS on renewable energy sources from governments around the world is providing a boost to the sector, with many countries setting ambitious targets for the use of solar and other renewable sources.

    The demand for FPSCs in the global perovskite solar cells market is expected to continue to grow as the technology becomes more accessible and cost-effective. With further advances in technology, such as printable electrodes and encapsulation materials, the efficiency of the cells is likely to increase even further. This will open up more opportunities for businesses and individuals to benefit from the use of renewable energy, while also helping to reduce the overall carbon footprint. Ultimately, the growth in demand for FPSCs is a positive sign for the future of renewable energy sources and the fight against climate change.

    Top 7 Trends Shaping the Global Perovskite Solar Cells Market

    • Advancements in Materials and Processing: The development of lead-free perovskite materials and improved processing techniques are driving innovation in the perovskite solar cell (PSC) industry.
    • Growing Demand for Flexible Devices: The demand for flexible PSCs, which can be integrated into a wide range of products, is increasing as they offer improved electrical efficiency and lower fabrication costs.
    • Investment in RD and Commercialization: With the increasing popularity of PSCs, there has been a surge in investment in research and development and commercialization of PSC technology around the global perovskite solar cells market.
    • Expansion of Manufacturing Capacity: Companies are expanding their manufacturing capacities to meet the growing demand for PSCs, especially in the Asia Pacific region.
    • Increase in Investment from Government and Private Players: Both government organizations and private players are investing heavily in PSCs, leading to increased funding and development opportunities for the industry.
    • Growing Focus on Stability and Efficiency: Stability and efficiency are becoming increasingly important as companies work to develop PSCs that can be used in a wide range of applications.
    • Development of Printing and Coating Techniques: Advances in printing and coating techniques are making it possible to produce PSCs at low cost and on a large scale, further increasing their commercial viability.

    Asia Pacific to Account for 56% Revenue of Global Perovskite Solar Cells Market

    The Asia Pacific region is a global leader in Perovskite Solar Cell (PSC) production and innovation. The booming solar industry in the region, driven by growing demand for clean energy and government support for renewable energy sources, has contributed to this growth. The region’s largest producer of solar energy, China, has deployed over 30.88 GW of solar PV systems in the first half of 2022.

    China, being the largest producer of solar energy in the world, has made significant contributions to the growth of the Perovskite Solar Cells market in the Asia Pacific region. With over 30.88 GW of Solar PV systems deployed in the first six months of 2022, the country has become a major player in the production and implementation of PSCs.

    China’s government has also been supportive of the PSC industry, providing subsidies and incentives for the development of clean energy sources. This has attracted a large number of companies and investors to the country, leading to an increase in research, development and production of PSCs.

    The perovskite solar cells module market in the Asia Pacific region is experiencing significant growth, with a projected revenue increase from approximately USD 331 million in 2022 to USD 2104.36 million by 2031. This is due to the low cost of production and higher efficiency of PSCs compared to traditional silicon-based solar cells, making them a desirable option for both residential and commercial applications.

    The Asia Pacific perovskite solar cells market is home to leading PSC companies such as SunPower, Panasonic, and Trina Solar who are investing in research, development, and production to advance PSC technology and reduce production costs through techniques such as screen printing and vacuum deposition.

    Additionally, India, Japan, South Korea, and Australia have made significant investments in PSC technology and are working to expand their markets. For example, India’s government has implemented incentives such as the Jawaharlal Nehru National Solar Mission and set a target of 100 GW of solar power by 2023 to promote PSC adoption.

    booming, potential, perovskite, solar, cells, market

    Top 5 Players Hold 34% Share of Global Perovskite Solar Cells Market

    According to the market research report, the top 5 companies hold a combined market share of 34.2%. Oxford PV is the largest player, which is followed closely by Alfa Aesar. This high concentration of market share among a few players highlights a highly competitive market landscape, making it challenging for new entrants to gain a foothold.

    Oxford PV, the largest player in the perovskite solar cells market, has a market share of 9.50% and is known for its high-quality products and innovative technology.

    Oxford PV is the largest producer of perovskite solar cells around the globe because they have been able to revolutionize solar power technology and develop high-efficiency, low-cost solar cells. Through their efforts, Oxford PV has grown from a team of 5 staff members in 2011 to 95 in 2019 and has recently completed a 100 MW factory build out. Oxford PV has developed a perovskite-on-silicon solar cell that offers a high efficiency at a low cost, making solar energy more accessible and cost-effective. They have also achieved a world record cell efficiency of 29.52%, making them the leading technology provider in the field of perovskite solar cells.

    The key to the success of Oxford PV’s perovskite solar cells is their use of titanium dioxide (TiO2) as an electron transport layer (ETL). TiO2 is a highly stable material with an energy level that is suitable for this application, as well as being cost-effective. These characteristics make it the perfect material for ETLs in regular-structure PHJ-PSCs.

    Prominent Players in Perovskite Solar Cells Market:

    • BASF
    • Dyenamo
    • Energy Materials Corp.
    • Frontier Energy Solution
    • Fujifilm
    • Fujikura
    • GCL Suzhou Nanotechnology Co., Ltd.
    • Greatcell Energy
    • Hangzhou Microquanta
    • Heiking PV Technology Co., Ltd.
    • Hubei Wonder Solar
    • Hunt Perovskite Technologies (HPT)
    • InfinityPV
    • Jinkosolar
    • Kyocera
    • LG Chem
    • Li Yuan New Energy Technology Co.
    • Merck
    • Microquanta Semiconductor
    • Oxford PV
    • Panasonic
    • Saule Technologies
    • Sharp
    • Solartek
    • Solaronix SA
    • Solliance
    • Tandem PV
    • Toshiba
    • Trina Solar
    • WonderSolar
    • Other Prominent Players

    About Astute Analytica

    Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

    Contact us:Aamir BegBSI Business Park, H-15,Sector-63, Noida- 201301- IndiaPhone: 1-888 429 6757 (US Toll Free); 91-0120- 4483891 (Rest of the World)Email: sales@astuteanalytica.comWebsite: www.astuteanalytica.com

    booming, potential, perovskite, solar, cells, market

    Contact Data

    Contact us: Aamir Beg BSI Business Park, H-15,Sector-63, Noida- 201301- India Phone: 1-888 429 6757 (US Toll Free); 91-0120- 4483891 (Rest of the World) Email: sales@astuteanalytica.com Website: www.astuteanalytica.com

    Contact

    With a Reader Account, it’s easy to send email directly to the contact for this release. Sign up today for your free Reader Account!

    Perovskites can make solar panels more efficient than silicon alone

    But will their remarkable performance in the lab ever translate into real market momentum? Caelux and other tandem-solar startups are betting the answer is yes.

    Startup Caelux is betting that its ​ “ tandem” solar technology, which combines perovskite photovoltaics with market-dominating silicon, will result in more efficient solar panels — and the company recently received a 12 million investment from Indian conglomerate Reliance New Energy to commercialize this new approach. Vinod Khosla, no stranger to next-generation solar, is also an investor in the Caltech spinout, which is based in Pasadena, California.

    Tandem solar startups like Caelux place a light-absorbing layer made from perovskites, a class of crystalline materials, atop a conventional silicon cell. This dual-material architecture has the potential to break through the efficiency barrier of single-junction silicon because of the different wavelength sensitivities of silicon and perovskite materials.

    In the last 10 years, the average conversion efficiency of commercial wafer-based silicon modules has increased from about 15 percent to more than 20 percent and is forecast to reach efficiencies of 23 to 24 percent by the end of the decade, approaching the practical limits of this technology.

    With a perovskite layer added, ​ “ you’re going to see a 20 percent to 30 percent relative efficiency boost,” Caelux CEO Scott Graybeal told Canary Media. ​ “ So you’re talking about modules that will come out at 27 percent to 29 percent efficiency.”

    With more efficient solar panels, more electricity could be produced from a plot of land or a rooftop, making solar power — already the cheapest form of electricity in history — even more cost-effective.

    But a commercially viable, higher-efficiency non-silicon solar module has proven elusive. Over the last decade, tens of billions of dollars in venture and corporate funding has been spent chasing that goal, most of it for naught.

    Pros and cons of perovskites

    Scientists have been researching perovskite technology for years, but recent advancements are raising excitement about the potential for tandem modules at commercial scale.

    Earlier this month, researchers in the Netherlands announced a breakthrough with a perovskite-silicon tandem cell that reached 30 percent efficiency, which they called ​ “ a big step in accelerating the energy transition.” Other research laboratories have been announcing milestones as well.

    Perovskites have some promising traits:

    • The rate of Hero-experiment efficiency gains for perovskite materials and tandem structures has been phenomenal, outpacing other technologies.
    • Perovskites can be produced from earth-abundant materials.
    • Perovskites have the potential to be recycled.
    • Perovskite cells can be manufactured using lower-cost and more forgiving ink-based printing processes rather than complex semiconductor equipment.
    • The low-temperature processes used in manufacturing perovskites mean that energy payback times are shorter than for state-of-the-art PV technologies, according to Graybeal.

    But questions loom about perovskite lifetimes, degradation and stability.

    Demonstrating the long-term reliability of a tandem cell will take years, as will gaining a good understanding of perovskites’ failure modes and degradation paths. Perovskites will have a ​ “ slightly higher degradation rate than silicon” in the material’s early days in solar tandem modules, according to Graybeal.

    Get Caught Up

    Can the US manufacture enough solar panels to meet its surging demand?

    “ To be competitive in the marketplace, perovskite’s long-term durability must be tested and verified,” the U.S. Department of Energy said in 2020 when it announced 20 million in funding to advance perovskite solar photovoltaic technologies. Earlier this year, pv magazine noted that effective testing of perovskites is not yet on track: ​ “ Much testing is required, yet today’s tests are geared toward commercialized PV technologies (Si, CdTe, etc.) and are unlikely to capture all the failure modes relevant to perovskite modules in the field.”

    Working with, not against, silicon

    Competing against silicon is an uphill battle. than 200 gigawatts of solar power capacity will be deployed around the world this year, the vast majority of it in the form of silicon PV panels. Silicon’s long-term behavior and failure modes are already well understood, allowing module producers to offer 25.year guarantees.

    So for now, most perovskite solar companies are focused on producing tandem products that include silicon, not on head-to-head competition.

    While Graybeal does envision a future that includes pure perovskite modules, he acknowledges that the only way to deploy this technology at scale ​ “ is by combining perovskites with silicon solar” and complementing the existing PV manufacturing infrastructure.

    “ We consign glass [from customers] that they’ve already spec’d and qualified for their product. [We] put our proprietary material stack on that glass and then move it along to their module manufacturing operations,” Graybeal explained. He said the perovskite factory has to be close to a major logistics node and close to a customer’s module manufacturer in order for this to work, ​ “ and that’s been part of our plan. As much as the perovskite is part of our product portfolio, the ability to ramp and scale factories is also a competency that we’re developing.”

    Caelux investor Reliance New Energy, a subsidiary of Reliance Industries, India’s largest private-sector company, is entering a strategic partnership with the startup. Reliance New Energy is building a global-scale solar factory in Jamnagar, Gujarat, where it plans to incorporate perovskites into some of the modules it produces. According to Graybeal, the partnership means that ​ “ Reliance has essentially sold out our factory for the first year and a half of its operation — and that’s more important than the cash investment.”

    “ If you’re going to get any product into the market, you have to start producing in volume. We can’t all sit around and play with our two-inch-by-two-inch devices — it will take us 10 years to get to the next technological leap forward,” said the CEO. He added, ​ “ Tier 1 manufacturers are going to put us through our paces before they’re going to put their name on a module with our technology on it.”

    With typical entrepreneurial fervor, the CEO said he expects Caelux’s tandem module, along with a 25.year warranty, to launch into the marketplace in the second half of 2024.

    Perovskite contenders

    Caelux is not the only company in this space. Canary reported last year on CubicPV, formed from the merger of U.S. wafer maker 1366 Technologies and Hunt Perovskite Technologies, which is also working on tandem modules. That article listed other startups that are developing perovskite and tandem solar materials using a range of device architectures and manufacturing processes.

    • BlueDot Photonics uses​“continuous flash sublimation production” techniques to improve the efficiency of perovskite photovoltaics.
    • Energy Materials Corp. is developing a roll-to-roll perovskite deposited on a flexible substrate.
    • Microquanta Semiconductor is building panels from glass-packaged perovskites.
    • Oxford PV is developing perovskite-on-silicon tandem solar cells and modules.
    • Saule Technologies is developing an inkjet printing technique for manufacturing perovskite solar cells packaged on bendable plastic.
    • Swift Solar stacks perovskite solar cells to make tandem cells and can deposit its perovskite layers on flexible substrates and foils.
    • Tandem PV aims to monolithically print thin-film perovskites on glass panels and mechanically stack them on top of silicon cells.
    • Wuxi UtmoLight claims to have achieved a Japan Electrical Safety Environment Technology Laboratories–certified 18. 2 percent efficiency for its large-area 756 cm² perovskite solar module. The Chinese company says that it is conducting trial runs on its 150.megawatt module production line, which it claims is the ​ “ world’s largest” for perovskite solar.

    Other very early-stage perovskite startups include Beyond Silicon, MujiElectric, SoFab Inks and Verde Technologies.

    But for now, perovskites still have zero percent of the global solar market share.

    Eric Wesoff is the editorial director at Canary Media.

    Weekend Read: Industry and researchers in tandem

    As efficiency records tumble and devices become more stable, Europe is seeing the beginnings of a race to commercialize high-efficiency perovskite-silicon tandem solar products, reports Valerie Thompson.

    Evolar’s turnkey production lines can be combined with customers’ silicon PV lines.

    Share

    At the beginning of 2023, the Viperlab project dropped videos inviting researchers to apply for free access to its perovskite solar cell material testing and device processing facilities.

    The move, by the EU-backed consortium of perovskite-development linked European technical institutes, universities, and public bodies, was the latest sign of joint working by PV researchers and industry to take perovskite-silicon tandem solar to the next level.

    In 2022, Qcells, Enel Green Power, Meyer Burger, and Voltec Solar all announced perovskite-silicon tandem initiatives, bringing deep process knowledge including vacuum deposition, interfacial engineering, and encapsulation methods to the table.

    pv magazine has checked in with all of them, plus members of the research community and equipment supply chain, and perovskite-silicon tandem pioneer Oxford PV, to ask about progress in perovskite stability.

    RD collaboration

    With researchers taking tandem cell configurations to more than 30% conversion efficiency in the lab, RD collaboration with industry is the way forward. There have also been promising stability announcements and larger-device breakthroughs.

    “Interest from industry is higher since setting the new record for perovskite tandem cells,” says Steve Albrecht, head of the perovskite tandem solar cell department at German research body the Helmholtz-Zentrum Berlin (HZB). “It’s worldwide interest. Efficiency is shown, now it is stability and scaling that need more RD.”

    Albrecht is referring to the perovskite-silicon tandem record of 32.5% efficiency set by the HZB in December 2022. In January, the institute announced an additive with promising stability performance. “There are more researchers tackling stability,” he says. “Instability factors are also becoming better understood. There is more and more data available. I expect it to continue along these lines.”

    Switzerland-based Centre Suisse d’Electronique et de Microtechnique (CSEM) and the École Polytechnique Fédérale de Lausanne in July 2022 announced a 31.25%-efficient perovskite-silicon tandem device and stressed the need to scale up and reach a stable lifetime for the cell.

    “The challenge is to bring the operational stability of perovskite solar cells closer to the standards achieved by silicon technologies,” says Quentin Jeangros, CSEM Group Leader for Perovskite Materials and Devices. “This will be key to making perovskite PV cost-competitive for mainstream applications.”

    Gianluca Coletti agrees. He is the program manager for PV tandem technology at Dutch research body the Nederlandse Organisatie voor Toegepast Natuurwetenschappelijk Onderzoek (TNO) and co-ordinates the organization’s contribution to the Solliance thin-film solar research consortium. Solliance recently achieved 30.1% efficiency with a four-terminal perovskite-silicon tandem cell.

    “New stability results are reported continuously,” Coletti says. “At the beginning, reported shelf-lives were shorter than a few minutes. Today there are many withstanding 3,000 hours, and outdoor stability for over two years. A lot has been learned. Equally important are breakthroughs made in recent months with larger-area devices. Efficiencies of over 26% on larger devices – for example, greater than 20 cm 2 – were achieved by at least four teams.

    “However, we’re at the point, as a research community, where we need to change gear and FOCUS on technology for up-scaling and increasing technology readiness levels. Therefore, long-term stability is one of the crucial points. Now that the 30% barrier has been smashed through, it is time to strongly FOCUS RD efforts on reliable devices and this is better achieved forming partnerships between industry, research institutes, and academia.”

    Oxford PV

    The pioneer is Oxford PV. With a new CEO, the Oxford University spinout is ramping two-terminal (2T), monolithic perovskite-silicon tandem cells at its production line. Progress at its German plant has been hampered by equipment delivery delays but is on track to produce M6-wafer format tandem solar cells with a stable efficiency of 27% – to rise to 30% – according to chief technology officer Chris Case.

    “Full size, 60-cell modules based on cells from our pilot line are being assembled by customers and partners,” Case tells pv magazine. “A respected and well-known certifying agency is assisting with the full-size module certification.”

    Popular content

    In Italy, utility Enel’s Green Power renewables arm is working on 2T perovskite-silicon tandem technology with France’s Institut National de l’Énergie Solaire. Production is slated for 2025. In 2022, the partners announced 24.9%-efficient, 9 cm 2 devices and, in December, they hit 25.8%.

    “Today, tandem perovskite-silicon heterojunction (HJT) solar cells have shown efficiency above 30% at small-area level,” says Eliano Russo, head of Enel’s 3Sun solar gigafactory in Sicily. “The use of HJT as bottom cell has demonstrated to be a very suitable approach to obtain a highly efficient monolithic perovskite-silicon tandem solar cell.”

    In terms of developing larger, more stable, more reliable devices, Russo adds, “We are extensively working on these aspects to be ready in a few years with an industrial product with elevated performance and reliability.”

    Qcells has announced a European perovskite-silicon tandem initiative as part of the recently launched, EU and Swiss government-backed “Pepperoni” project consortium. Fabian Fertig, Qcells’ director for global wafer and cell RD, says a pilot line at the company’s Thalheim plant, in Germany, will identify and address barriers to tandem solar cell market introduction.

    “Reliability remains a key challenge for a potential commercialization of perovskite-silicon tandem solar cells and modules,” says Fertig. “While the progress in the field on improving stability and durability has been significant, there is further work required to achieve a sufficient level to be competitive with existing silicon-based products. The multi-year Pepperoni project involves 17 European collaborators … The benefits of this project will hopefully be felt by the entire European solar industry.”

    In France, module manufacturer Voltec Solar is working on perovskite-silicon tandem research with the Institut Photovoltaïque d’Ile-de-France (IPVF). Their France PV Industrie joint venture is working on four-terminal technology.

    “Our project aims to achieve at least a 15% reduction in the levelized cost of energy (LCOE) with this type of tandem panel, compared to current silicon panels,” says IPVF General Director Roch Drozdowski-Strehl.

    Swiss heterojunction solar manufacturer Meyer Burger recently said it is working with local and German research groups to integrate perovskite tandem technology into its manufacturing.

    Supply chain development

    Swedish manufacturing equipment and technology business Evolar AB last year reported stability progress with 100 cm 2 devices made with its evaporation-based deposition process.

    CEO and co-founder Mats Ljunggren confirms commercial interest in Evolar’s turnkey production line for perovskite cells to be combined with established silicon lines. “Inquiries are coming from all over the world,” he says. “Our sales team is currently issuing quotes for pilot lines where we will provide both equipment and the services to help our customers ramp up.”

    Founded in 2019, Evolar is marketing to integrated cell and panel producers and employs around 40 people, the majority of whom are process developers and equipment engineers.

    Fluxim, a Swiss developer of characterization and modeling tools for emerging PV, also has insight into perovskite progress. “At the level of research and development, both in academia and industry, I think that Europe has an advantage, with many strong research groups and institutions here,” says Daniele Braga, the company’s head of sales.

    “The next step is to FOCUS on setting up manufacturing lines to keep the present pole position,” says Frank A. Nüesch, head of functional polymers at the Swiss Federal Laboratories for Materials Science and Technology. “Such a move would send signals to the extended value chain, including the chemical industry, to encourage it to work on the synthesis of high-quality chemicals required for the perovskite junction.”

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    pv magazine

    The pv magazine editorial team includes specialists in equipment supply, manufacturing, policy, markets, balance of systems, and EPC.

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