Tandem PV Acquires Thin-Film Coating Specialist nexTC, Fortifying Manufacturing Process for High-Durability Perovskite-Silicon Solar Cells

August 9, 2026

Business Wire USA

Overview

Tandem PV, a U.S. developer of high-efficiency perovskite-silicon solar cells, has acquired nexTC Corporation, a specialist in thin-film metal oxide coating processes. This strategic acquisition integrates critical coating technology in-house, significantly enhancing Tandem PV’s control over manufacturing processes essential for high-performance, durable perovskite modules. The move is a pivotal step for scaling up its Fremont demonstration line and accelerating the transition to commercial-scale production.

In Depth

Key Findings

Tandem PV, a U.S. company specializing in the development and manufacturing of high-efficiency perovskite-silicon solar cells, has announced the acquisition of nexTC Corporation, a firm focused on thin-film metal oxide coating processes. This strategic acquisition enables Tandem PV to bring crucial coating technology in-house, significantly bolstering its control over the manufacturing process for high-durability, high-performance perovskite solar cell modules.

Technical and Strategic Details

nexTC Corporation is renowned for its advanced thin-film metal oxide coating technologies, which are essential for enhancing the performance and long-term stability of perovskite solar cells. High-quality, uniform coatings are vital for protecting the delicate perovskite layers and increasing device longevity. Through this acquisition, Tandem PV will directly integrate these technologies into its R&D and manufacturing workflows, strengthening supply chain independence and establishing a distinct technological advantage. Specifically, this move will facilitate the expansion of Tandem PV’s demonstration line in Fremont and accelerate preparations for a smooth transition to future commercial-scale production.

Background and Industry Context

Perovskite solar cells are garnering significant attention as a next-generation technology due to their potential for higher efficiencies than conventional silicon cells, along with their flexibility and lightweight properties. However, their commercialization has faced substantial hurdles, including manufacturing consistency, long-term reliability, and scalability for mass production. Tandem PV has focused on high-efficiency perovskite-silicon tandem technology, and the acquisition of nexTC represents a critical step toward efficiently manufacturing stable, high-quality modules. This underscores the increasing importance of vertical integration of materials and manufacturing processes as perovskite technology transitions from laboratory to practical deployment.

Strategic Significance and Outlook

Tandem PV’s acquisition of nexTC is expected to be a major driving force in the commercialization of perovskite solar cells. By internalizing coating technology, the company anticipates strengthening product quality control and shortening development cycles. This will accelerate the market introduction of highly durable and efficient perovskite modules, enhancing Tandem PV’s competitiveness in the solar energy market. In the long term, this strategy is seen as laying the groundwork for perovskite technology to be widely adopted and play a central role in the energy transition.

Source: https://www.businesswire.com/news/home/20260802424311/en/Tandem-PV-Acquires-nexTC-to-Bring-Critical-Coating-Technology-In-House

Get our weekly technology intelligence — free

Receive an infographic that lets you judge at a glance whether each field’s analysis report is worth reading.

Subscribe Free — Weekly Tech Intelligence

By subscribing, you’ll receive Troy-Technical’s weekly technology intelligence newsletter.