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:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

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
Washington approves $130mn project to connect Moldova’s grid to Europe
Poland urges European Union to end Russian oil imports by 2026
Ukraine seeks $1bn to secure gas reserves ahead of winter
Morgan Stanley merges energy and utilities teams into new global group
US crude oil stocks rise by 3.9 million barrels
Acciona Energía deploys a 412MWp solar plant in Rajasthan
Acciona Energía has completed the commissioning of its largest plant in India, a 412MWp solar facility capable of powering 840,000 households annually.
Macquarie injects $350mn to support Nexamp’s solar and storage expansion in the United States
Macquarie Asset Management has granted $350mn in financing to Nexamp to accelerate the development of large-scale solar and battery storage projects across the U.S.
Gibson Energy renews share buyback programme for 12 months
Gibson Energy has received approval from the Toronto Stock Exchange to extend its normal course issuer bid, covering up to 7.5% of the public float over a one-year period starting 18 September.
PEMEX exceeds $9.9bn cap in bond repurchase offer
Petróleos Mexicanos received offers surpassing the $9.9bn cap set for its debt repurchase programme, resulting in oversubscription during the initial phase of the operation.
Orazul Energy Perú buys back 68% of its 2027 bonds in cash tender offer
The Peruvian power producer completed a cash tender offer for its 5.625% senior notes, reaching a participation rate of 68.39% at the close of the operation.
Three groups launch Taqa to produce solar energy locally in Ramallah
Three economic institutions based in Ramallah have founded a company named Taqa to develop renewable energy production in the region, with no connection to the Emirati company of the same name.
Global solar photovoltaic installers market to reach $651bn by 2030
The solar photovoltaic installers sector will grow by 15 % annually through 2030, driven by residential demand, public incentives and increasing integration into urban projects.
Release by Scatec expands hybrid solar plants to 64.4 MW in Cameroon
The Norwegian subsidiary has launched the second phase of its projects in Maroua and Guider, bringing total capacity to 64.4 MW of solar and 38.2 MWh of storage with an annual target of 141.5 GWh.
ACWA Power secures 800MW in Morocco with technical support from Gotion High-Tech
ACWA Power secures the NOOR Midelt 2 and 3 solar-storage project in Morocco, outbidding European and Emirati competitors, with decisive backing from Gotion High-Tech’s storage technology.
QatarEnergy awards Samsung contract for 2,000 MW solar plant in Dukhan
QatarEnergy has signed a contract with Samsung C&T to build a solar power plant in Dukhan, set to reach 2,000 MW capacity by 2029, doubling the country’s solar output.
Billion Watts launches 2026 solar-storage project in Australia with six more planned
Billion Watts begins construction on its first solar-plus-storage project in Australia, scheduled for 2026, relying on an international consortium and a strategy focused on the volatility of the national electricity market.
Longroad Energy secures financing for its 400 MW solar project in Texas
Longroad Energy has closed financing and started construction of the 1000 Mile Solar project in Texas, with a capacity of 400 MWdc, supported by Meta and an international banking consortium.
Sunrun raises $510mn through new securitization, surpassing $1.5bn in quarterly debt
Sunrun completed its fifth securitization deal of 2025, bringing non-recourse debt raised in the third quarter to over $1.5bn.
Colbún buys back 53% of its 2027 notes for $266mn
Chilean power producer Colbún has completed its cash tender offer for 3.950% notes due 2027, repurchasing more than half of the outstanding amount for a total of $266mn.
Odyssey receives $7.5 million from BII to fund solar mini-grids in Nigeria
Odyssey Energy Solutions secures $7.5 million from British International Investment to support access to solar equipment under Nigeria’s DARES programme.
Cameroon boosts solar capacity with additional 28.6 MWp in Maroua and Guider
The Cameroonian government launches the extension of two solar plants in the Far North, increasing their combined capacity to 64.4 MWp, with support from international investors.
Statkraft sells 1.5 GWp portfolio in India to Serentica Renewables
Statkraft has signed an agreement to sell solar and wind assets in India to Serentica Renewables, marking a strategic refocus on Europe and South America.
UNITe wins two photovoltaic projects in Puy-de-Dôme
Independent power producer UNITe has been selected to develop two solar power plants on municipal land in Avèze and Malauzat, following a call for tenders by the French Energy Regulatory Commission.
Iberdrola secures 84% of Neoenergia after €1.88bn acquisition
Iberdrola strengthens its presence in Brazil by acquiring PREVI’s stake in Neoenergia for BRL11.95bn, raising its ownership to 84%.
Madison Energy Infrastructure raises $800mn to support large-scale projects
US-based Madison secures $800mn debt facility to finance energy infrastructure projects and address rising grid demand across the country.

Log in to read this article

You'll also have access to a selection of our best content.