Microquanta

Microquanta Semiconductor, officially Hangzhou Microquanta Semiconductor Co., Ltd., is a key player in the commercialization of perovskite photovoltaic technology. The company was co-founded in July 2015 by Dr. Yao Jizhong (CEO) and Dr. Yan Buyi (CTO). Both founders are overseas returnees who leveraged their advanced academic backgrounds to enter the perovskite sector. Dr. Yao holds a Ph.D. from Imperial College London and has a background in optoelectronics from Zhejiang University and the University of New South Wales. Dr. Yan holds a dual bachelor's degree from Zhejiang University and the University of New South Wales, and a Ph.D. from King Abdullah University of Science and Technology.

The company focuses on the research, development, and manufacturing of third-generation perovskite solar cell modules. Microquanta's business model revolves around producing and supplying these modules for a variety of applications, positioning itself as a clean energy solutions provider. Its target clients include developers of utility-scale solar projects, commercial and industrial enterprises, and entities focused on Building-Integrated Photovoltaics (BIPV). The market for perovskite solar cells is driven by their potential for higher efficiency, lower production costs compared to traditional silicon cells, and their versatile applications. Microquanta generates revenue through the sale of its perovskite solar modules and by participating in the development of power plants.

Microquanta offers a range of perovskite solar modules, including tandem, colored, transparent, and lightweight options. A key product is the 'Alpha' series, large-format modules designed for ground-mounted solar projects. The company's modules are noted for their high power conversion efficiency and stability, with some models achieving a 25-year power output warranty. A distinguishing feature is their performance in real-world conditions, reportedly generating an average of 11.5% more daily electricity than silicon-based stations of the same capacity. The company has also developed custom-designed double-glass modules with 40% light transmittance for BIPV projects, allowing daylight to pass through while generating electricity. This technology is particularly suited for applications like smart glass, solar panels, and portable electronics.

Since its inception, Microquanta has achieved significant milestones, setting the world record for perovskite module efficiency multiple times. In 2020, the company commenced operations of its production line for perovskite solar cells. By 2022, it had established a 100 MW pilot production line and was constructing a gigawatt-scale factory. A major technological achievement is the development of the 3D Laminar Flow-Assisted Drying (LAD) technology, which improves the uniformity and stability of large-area modules. The company has successfully connected several demonstration power plants to the grid, including the world's first perovskite commercial rooftop power station, a fishery-solar hybrid plant, and a megawatt-scale ground station. As of May 2024, the company held over 350 independent patents. Financially, Microquanta is venture capital-backed, having raised funds through multiple rounds, including a Series D in 2022, from investors such as Three Gorges Capital and CMB International Capital.

Keywords: Perovskite solar cells, clean energy, renewable energy, photovoltaic technology, solar modules, BIPV, energy generation, solar panel manufacturing, alternative energy equipment, cleantech, tandem solar cells, sustainable energy, solar power plants, Hangzhou, high-efficiency solar, low-cost solar, solar R&D, commercial solar solutions, distributed power, utility-scale solar, photovoltaic modules, carbon neutrality, energy transition