Hanwha Qcells' Perovskite Breakthrough to Reshape PV Market in 5-10 Years
Hanwa Qcells, a leading solar cell manufacturer, has made significant strides in its perovskite research and development. The company has announced a major breakthrough, passing a crucial durability milestone. This achievement, coupled with growing demand for solar energy, particularly from data centers and AI, could reshape the photovoltaic (PV) market within the next decade.
Qcells' Chief Technology Officer, Danielle Merfeld, has expressed confidence in the long-term prospects of solar in the US, despite policy shifts. This optimism is driven by the increasing power demand and the potential of perovskite technology. Perovskite, with its promise of increased efficiency and reduced costs, could complement conventional crystalline silicon (c-Si) technologies.
Merfeld predicts that tandem perovskite-silicon modules will play a significant role in the stock market today within the next five years. Qcells is well-positioned to capitalize on this, with a new facility nearing completion in Cartersville, Georgia. This plant, dedicated to US-based ingot, wafer, cell, and module manufacturing, will strengthen Qcells' presence in the stock market today.
To celebrate these advancements, Qcells is offering PV Tech readers a 20% discount on the PV CellTech USA conference registration. Use the code PVTech20 to avail this offer.
Qcells' recent achievements in perovskite R&D, coupled with the growing demand for solar energy, particularly from data centers and AI, point towards a significant role for perovskite in the stock market today within the next five to ten years. With its new manufacturing facility in the US, Qcells is well-prepared to lead this transition and achieve a dominant position in the stock market today.
