Oxford PV and Trinasolar Forge Exclusive Pact to Catalyze Perovskite PV Innovation in China

Oxford PV and Trinasolar Forge Exclusive Pact to Catalyze Perovskite PV Innovation in China

(IN BRIEF) Oxford PV and Trinasolar have signed an exclusive patent licensing agreement to facilitate the manufacturing and sale of perovskite-based photovoltaic products in China, accompanied by the right to sublicense. This strategic collaboration reinforces industry confidence that perovskite-silicon tandem solar technology represents the future of solar power. With the Chinese PV market valued at over US$50 billion annually and expected to reach US$100 billion by 2030, the agreement is poised to significantly boost the deployment of advanced, high-efficiency solar technology. David Ward, CEO of Oxford PV, highlighted the milestone as pivotal in transitioning the solar industry to a high-efficiency, multi-junction platform and stressed the importance of patents in shaping the evolution of photovoltaics. Meanwhile, Gao Jifan of Trinasolar emphasized that the company is driving forward with innovative and integrative advancements in perovskite tandem technology to advance the solar sector. This agreement sets the stage for a transformative shift in the global PV market, positioning both companies at the vanguard of solar innovation.

(PRESS RELEASE) OXFORD, 10-Apr-2025 — /EuropaWire/ — In a landmark move that cements the growing industry belief in the future of perovskite-based photovoltaic technologies, Oxford PV—at the forefront of commercializing perovskite-silicon tandem solar cells—and Trinasolar, a leader in smart PV and energy storage solutions, have entered into an exclusive patent licensing agreement. This deal grants Trinasolar the rights to manufacture and/or sell perovskite-based PV products in China, along with an added option to sublicense the technology.

The timing of this agreement could not be more significant, as the Chinese domestic PV market, currently valued at over US$50 billion per year, is forecast to nearly double to US$100 billion by 2030. This pact not only accelerates the adoption of next-generation photovoltaic technology but also reinforces the transformative potential of perovskite innovations in reshaping the future of solar energy worldwide.

David Ward, Chief Executive Officer at Oxford PV, commented, “This agreement marks a crucial milestone on our journey to mainstream perovskite PV technology. It highlights the pivotal role that intellectual property plays in today’s and tomorrow’s solar landscape. We are thrilled that Trinasolar, one of the leading names in solar manufacturing, can now bring our advanced technology to the expansive Chinese market. Our dedicated efforts over the past decade have uniquely positioned us to drive the transition of the solar industry towards a high-efficiency, multi-junction technology platform. We welcome inquiries from other interested parties seeking licensing opportunities outside of China.”

Gao Jifan, Chairman and CEO of Trinasolar, added, “Trinasolar is at the forefront of driving technological innovation and we are committed to advancing research in fundamental, cutting-edge, and specialized areas of photovoltaics. This agreement heralds the dawn of a new era of industrialization for perovskite tandem technology. Our goal is to achieve a seamless integration of technological and industrial advances, propelling the solar industry forward and setting new benchmarks for efficiency and sustainability.”

About Oxford PV

Oxford PV is the leader in perovskite-silicon tandem solar technology. With the strongest global patent portfolio in perovskite PV and a record of industry firsts, Oxford PV is commercialising the world’s most efficient solar technology to power the next generation of clean energy. Founded in 2010 as a spin-out of the University of Oxford, the company operates a manufacturing site in Brandenburg, Germany, and has been the first to deliver commercial tandem solar modules to the market.

Learn more at https://www.oxfordpv.com/

About Trinasolar

Founded in 1997, Trinasolar is mainly engaged in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. With the strategic goal of “Creating a new industrial ecosystem led by Trinasolar, and promoting Trinasolar as a leader in smart PV and energy storage solutions “, it is committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future. On June 10, 2020, Trinasolar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It is the first PV and energy storage company that has gone public on the STAR Market providing PV products and systems, as well as smart energy.

Learn more at https://www.trinasolar.com/en-glb

SOURCE: Oxford Photovoltaics