Just three months after revealing that it had achieved a 28% conversion efficiency with its perovskite-silicon tandem solar cells, Oxford PV has closed the initial portion of a Series D funding round aimed at bringing its core technologies to market.
UK headquartered Oxford PV has set a new world efficiency record for its perovskite/silicon tandem solar cells.
The solar company has launched a five-year research project with the British scientists, which has been funded with £2.5 million from the U.K. Government. The goal is to develop a thin film multi-junction perovskite solar cell with a 37% efficiency and long-term stability.
U.K.-Germany based Oxford PV has announced the achievement of 27.3% efficiency on its perovskite-silicon tandem cell. The record has been confirmed by the Fraunhofer Institute for Solar Energy Systems (ISE).
Researchers from Helmholtz-Zentrum Berlin (HZB) and Oxford PV have presented a new record perovskite tandem solar cell, with a 25.2% conversion efficiency, independently verified by Fraunhofer ISE. Bernd Stannowski, from HZB presented the results this week at the World Conference on Photovoltaic Energy Conversion (WCPEC-7) in Hawaii.
British headquartered perovskite startup, Oxford PV has received an additional GBP 8.02 million (US$11.2 million) in funding from existing investors. The company states it will use the funds to continue its development of commercially viable perovskite-on-silicon tandem cells.
Perovskite solar start up, Oxford PV has received €15 million in financing from the European Investment Bank (EIB), to support its efforts at commercialization of silicon/perovskite tandem solar cell production.
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