SUBSCRIBE
PROFILE

1366 Technologies and Hunt Perovskite Merge

1366 Technologies and Hunt Perovskite Technologies announce the merger of their activities under the name CubicPV.|1366 Technologies and Hunt Perovskite Technologies announce the merger of their activities under the name CubicPV.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

1366 Technologies and Hunt Perovskite Technologies (HPT) announce the merger of their activities.
The merger will combine the two companies’ technological advances in solar panel efficiency.

1366 Technologies and HPT merge their activities

1366 Technologies announces its forthcoming merger with one of thesolar industry‘s most innovative companies, HPT.
This merger will combine 1366 Technologies’ Direct Wafer process with HPT’s perovskite photovoltaic technology.
Together, they will bring to market powerful tandem modules that will lead the solar industry.
Franck van Mierlo, CEO of 1366 Technologies and the new CubicPV, recently said:

“We have the blueprint to realize economically viable tandem solutions on a terawatt scale.

The new company, the result of the merger between 1366 Technologies and Hunt Perovskite Technologies, will be called CubicPV.
It will receive $25 million in funding.

Increase solar panel output by 30%.

CubicPV will develop a tandem technology, following on from the work of 1366 Technologies and HPT.
This tandem technology superimposes two light absorbers in a single device instead of one previously.
This is expected to increase the efficiency of single-junction devices and boost the power of solar cells in panels by 30%.
Michael D. Irwin, CTO of HPT and now also of CubicPV, noted:

“The value of our combined assets will write the next chapter in clean solar energy and support a massive industry.

Two complementary technologies

HPT’s perovskite materials are ideal for tandem modules, as they have a high light absorption capacity.
They enable perovskite semiconductors to efficiently capture solar radiation as the top cell of the tandem.
1366 Technologies’ Direct Wafer products, on the other hand, provide the optimum bottom cell.
It’s an inexpensive way of exploiting the infrared part of the solar spectrum.
The bottom layer produces a third of the device’s energy in this tandem structure.

Towards leadership in tandem technology

The merger between HPT and 1366 Technologies is designed to make HPT the long-term leader in tandems.
Perovskite solar devices are rapidly approaching the efficiency records set by silicon photovoltaics.
HPT’s expertise will enhance the sustainability of this technology.

  • Popular on energynews.pro
UK creates taskforce to strengthen energy resilience after Heathrow outage
Japan approves partial restart of Kashiwazaki-Kariwa nuclear power plant
Illinois clarifies county authority over solar siting
Frontera splits operations to unlock asset value in Colombia
Aramco deploys autonomous AI agents to optimise Fadhili gas plant
Adnoc strengthens ties with China through new energy deals in Shanghai
Adnoc signed multiple agreements with Chinese groups during CIIE, expanding commercial exchange and industrial cooperation with Beijing in oil, gas and petrochemical materials.
Floating solar market to hit $84.9mn by 2032 driven by Asia and Europe
Global floating solar capacity exceeded 1.8 GW in 2024, driven by utility-scale projects in China, India, Japan and Europe, with sustained growth expected through 2032.
Cenovus raises $2.6bn in bonds and announces debt buyback
Cenovus Energy completed a $2.6bn cross-border bond issuance and plans to repurchase over $1.7bn in maturing notes as part of active debt management.
Cypress Creek secures financing for 505 MW solar project in Texas
Cypress Creek Renewables begins construction of the Hanson Solar project in Texas, backed by structured financing combining debt and equity, to support the ERCOT grid and supply Meta’s operations.
Siemens Energy invests €2bn in transformer plants to secure growth
The German group is concentrating its industrial investments on Grid Technologies to expand capacity in a strained market, while maintaining an ambitious shareholder return programme.
India’s solar industry enters critical phase of forced consolidation
Facing massive overcapacity, US tariff pressures and rapid technological change, India's solar module sector is preparing for major industrial restructuring dominated by a few integrated groups.
Enerfip acquires Lumo and exceeds 50% market share in France
Enerfip completes its first external growth operation by acquiring Lumo from Société Générale, consolidating its position in France’s energy-focused crowdfunding market.
Econergy connects 52MW solar park in Poland under contract with Apple
Econergy has connected its 52MW solar project in Resko, Poland, to the grid, supported by a 19-year virtual power purchase agreement signed with Apple.
Schneider Electric signs $1.9bn deal to cool AI data centres
French group Schneider Electric will supply Switch with cooling and power systems for a major project in the United States, as energy demand driven by artificial intelligence intensifies.
PowerChina accelerates its investments in renewable energy in Africa
Chinese group PowerChina is strengthening its hydroelectric, solar and gas projects across the African continent, aiming to raise the share of its African revenues to 45% of its international activities by 2030.
Green Growth and K2 convert a FIT solar plant to FIP with storage
Green Growth and K2 Holdings begin converting a solar park to an FIP scheme, including battery installation, to improve profitability in a region heavily affected by production curtailment.
Arevon launches $200mn solar plant construction in Illinois
Arevon Energy has initiated construction of its first utility-scale solar project in Illinois, with a 124-megawatt capacity and $200mn in private investment to support U.S. energy demand.
Neoen divests 760 MW of operational assets to Plenitude in France
French renewable energy producer Neoen has signed an agreement with Plenitude to sell 52 assets totalling 760 MW of capacity on the French market.
France: the government launches an observatory to monitor 1,600 agrivoltaic projects
A national tool led by ADEME lists agrivoltaic installations across France to support their regulatory oversight, as the sector sees rapid growth following the 2023 law.
Schneider Electric establishes new North American headquarters at Boston’s Winthrop Center
The French energy group triples its office space in Boston with a new headquarters featuring a customer experience centre and integrated smart technologies. Opening is scheduled for mid-2026.
Shell extends exchange premium after collecting $6.2bn in notes
Shell extends its early participation premium to all eligible holders after collecting over $6.2bn in validly tendered notes as part of its financial restructuring operation.
VALOREM commits 500 hours of job inclusion on its solar park in Aveyron
The construction site of the future photovoltaic park in La Couvertoirade plans to hire four people in job inclusion, as part of a partnership between VALOREM and the Union Départementale des Structures d’Insertion par l’Activité Économique de l’Aveyron.
Abraxas begins Solar City works, Maldives’ first special economic zone project
Abraxas Power Corp. has launched land reclamation operations for Solar City, a 100-megawatt floating solar project in the Maldives, following environmental approval. The total zone investment exceeds USD187mn.
Krista Tanner appointed CEO of ITC Holdings to succeed Linda Apsey in 2026
After 23 years at ITC Holdings Corp., Chief Executive Officer Linda Apsey will retire in March 2026. She will be replaced by Krista Tanner, current President of the company, who will also join the Board of Directors.
ReGen III secures $3.975mn in sub-agreements under debenture exchange
ReGen III confirmed receipt of $3.975mn in sub-agreements tied to its convertible debenture exchange programme, involving over 97% of participating holders.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.