Oxford PV develops perovskite-on-silicon tandem solar cells that significantly increase energy conversion efficiency beyond conventional silicon limits. This technology integrates with existing manufacturing processes to deliver higher power output per area, reducing the levelized cost of energy for solar installations.
Funding
Funding not disclosed
Founders
Product
Problem
The efficiency of conventional silicon solar cells is approaching its theoretical limits, hindering the global transition to clean energy and the replacement of fossil fuels. This limitation restricts the potential for solar power to meet escalating energy demands and achieve climate objectives.
Solution
Oxford PV develops perovskite-on-silicon tandem solar cells designed to integrate with existing silicon photovoltaic technology. By layering a perovskite cell atop a standard silicon cell, this tandem configuration significantly boosts energy conversion efficiency, enabling more power generation per unit area. This advancement aims to reduce the levelized cost of energy (LCOE) and accelerate the adoption of solar power worldwide. The company operates the world's first high-volume manufacturing line for these advanced tandem solar cells.
Target Audience
The primary target audience includes solar module manufacturers seeking to differentiate their product offerings with higher efficiency, as well as energy providers and project developers aiming to reduce the LCOE of solar installations.
Features
- Perovskite-on-silicon tandem solar cell technology that enhances the efficiency of conventional silicon cells.
- Achieves a certified world-record efficiency of 28.6% for commercial-sized cells, with a roadmap to exceed 30%.
- Designed for seamless integration into standard photovoltaic module manufacturing processes.
- Utilizes low-cost, thin-film materials and manufacturing processes.
- Operates the first high-volume manufacturing line for perovskite-on-silicon tandem solar cells.
- Holds a strong global intellectual property position through foundational IP from Oxford University and its own patent portfolio.
- Passed industry-standard IEC reliability tests for high humidity and temperature.