PVTIME – Kunshan GCL Photoelectric Materials Co., Ltd. (GCL Perovskite), a subsidiary of GCL Tech, has recently completed a C1 round of financing of nearly RMB 500 million yuan led by Goldstone Investment with participation from Kunshan Hi-Tech Group, HongShan Capital/Sequoia China and other investment institutions.
The funds will be used to build gigawatt-scale perovskite tandem solar module production lines in Kunshan City, China. The project is expected to be operational in 2025 and will produce large-scale solar modules.
As the only technology company in the world to develop and produce commercial modules with a uniformly high single-junction photoelectric conversion efficiency of more than 16.02%, GCL Perovskite has already received 7 rounds of funding, making it the most funded perovskite solar product manufacturer to date.
Founded in 2010, GCL Perovskite has been engaged in the R&D and industrialisation of perovskite solar products for more than 10 years. Through independent technology innovation on perovskite material formulation system, customised improvement process and in-depth cooperation, the company currently holds the world record of 26.36% conversion efficiency of 2m2 perovskite tandem solar module under steady state, which is currently the largest area and the highest efficiency of commercial-sized perovskite tandem modules in the world.
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