UbiQD has entered into a joint agreement with first solar Collaborating on the development of fluorescent quantum dot technology. This innovation will help optimize the use of sunlight, thereby increasing the overall efficiency of current solar panels.
The two companies have been working together to explore the technology through 2022, and the success of their early results has led to this formal joint-development. The technology has been applied for use in UbiQD’s greenhouse products, which help enhance crop growth through the adjustment of sunlight spectra. Through this partnership, the same materials are being engineered for use in utility-scale solar projects that use photovoltaic technology.
“As we work toward developing the next generation of photovoltaics, we are exploring a variety of enhancements that will allow us to convert more sunlight into energy,” said Markus Glockler, Chief Technology Officer of First Solar. may be permitted to do so.” “We are interested in the potential use of quantum dots in optimizing the absorption of light and look forward to continuing our work with UBIQD on exploring this possibility.”
Partnership Follows First Solar’s $1.1 Billion Expansion
Committed to home solar generation in the US, First Solar recently announced $1.1 billion investment towards setting up its fifth solar manufacturing facility in Louisiana, With this new development, the company expects to reach approximately 14 GW of energy in the United States and 25 GW globally by 2026.
Investments in UBIQD’s technology will help increase the efficiency of these new facilities and those already in operation.
Hunter McDaniel, CEO of UBIQD, said, “With First Solar’s domain expertise and leadership position in multi-gigawatt-scale solar, we are excited to work together on the potential to increase panel efficiency using quantum dot technology. ” “If successful, this application in solar modules will be a perfect example of the broad applicability of our core technology. With emerging applications in food and energy, these innovative nanomaterials are proving to be an important tool in humanity’s immediate response to climate change and further sustainable economic development.
solar energy is now Largest contributor to clean energy in the US power grid. First Solar’s use of vertical integration, along with increased efficiency from quantum dot implementations, could further contribute to the growing adoption of solar in the coming years.