Oxford PV’s Tandem Solar Panels Enter US Market For Commercial Use

Oxford PV's Tandem Solar Panels Enter US Market For Commercial Use

Oxford PV, a UK-based solar cell manufacturer, recently began commercializing its tandem solar technology, which is 20% more powerful, with the first shipment to a US-based customer.

The 72-cell panels are comprised of Oxford PV’s proprietary perovskite-on-silicon solar cells, which can produce up to 20% more energy than a standard silicon panel. These solar cells will be used in a utility-scale installation, which can help to reduce the levelised cost of electricity (LCOE) and contribute to efficient land use by generating more electricity from the same area.

This development marks the first commercial deployment of a perovskite tandem solar panel worldwide. Oxford PV has been developing and working to commercialise this technology since 2014, recently achieving a module efficiency record of 26.9%.

The first Oxford PV panels available on the market have a 24.5% module efficiency, offering performance significantly above traditional silicon technology. The panels are powered by perovskite-on-silicon cells produced at Oxford PV’s megawatt-scale pilot line in Brandenburg an der Havel, Germany.

David Ward, Chief Executive Officer (CEO) of Oxford PV, remarked, “The commercialisation of this technology is a breakthrough for the energy industry. High-efficiency technologies are the future of the solar industry, and that future is starting now.”

“Solar innovation will allow us to electrify faster and decarbonise our transportation, homes, and industries. With more electricity generation from the same area, perovskite technology is now helping utilities speed up this transition by offering more energy at a lower cost.”

John Bromley, Managing Director – Climate & Clean Energy Investments at Legal & General, a longstanding partner of Oxford PV, added: “At an early stage, we identified the huge potential of perovskites in high-efficiency solar power generation and we have supported Oxford PV to become a global leader, not only through multiple record-breaking efficiency achievements in the laboratory but also on their path to commercialization of the technology. Companies with high growth potential like Oxford PV are delivering new technologies, solutions, and infrastructures that will play a crucial role in the climate transition”.

In the coming years, Oxford PV plans to allocate production from their facility in Brandenburg an der Havel, Germany towards additional utility customers, specialty products, and pilot residential applications, while scaling production to a gigawatt scale at a future high-volume manufacturing site.

In the coming years, Oxford PV plans to allocate production from its facility in Brandenburg an der Havel, Germany to serve additional utility customers, specialty products, and pilot residential applications, while scaling production to gigawatt levels at a future high-volume manufacturing site.