Scaling Ultra-Stable and Sustainable Perovskite PV for the Global Market
ITC is transitioning its world-record-breaking perovskite photovoltaic (PV) technology from TRL 5-6 to TRL 7-8. By leveraging a unique, patented crystalline composition and an ambient-air ultra-low-cost manufacturing process, we aim to disrupt the solar market with PV modules/panels that offer unprecedented stability, high efficiency, and the lowest production costs in the industry.
The Core Innovation
Our technology is anchored by a patented [WO2025177322A1; Metal complex incorporated low-dimensional perovskite crystalline composition] novel low-dimensional crystalline composition and co-crystal engineering strategy [Yaghoobi Nia et al. Nature Energy, 2026, 11, 135] (ITC has competitation of Interest and main developer of the idea to module, panel and array). Unlike traditional perovskites that suffer from environmental/light/thermal degradation, our innovative solutions make a markedly breakthrough the stability issues via blocks ion migration process )—induced multifunctional passivation and additional developed low-temperature and rapid vacuum lamination materials and process, solving the "instability bottleneck" that has historically hindered perovskite commercialization.
Key Performance & Stability Milestones
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World Record Stability: Our modules, recently featured in Nature Energy, have demonstrated exceptional longevity, retaining over 95% of initial efficiency after 5,000 hours of continuous light soaking, 91% after 5,000 hours of thermal stress at 85°C/65% RH and 98% after >1,000 h of ultraviolet-ray exposure.
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High Efficiency: We have achieved a Power Conversion Efficiency (PCE) of 23.1% on 9.0 cm2 modules with capacity for module scale-up to 900 cm2 and further sub-module interconnection and lamination of large commercial panels.
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Certified Longevity: The technology is engineered for a >25-year certified lifetime, meeting rigorous IEC 61215/61730 standards.
Manufacturing & Commercial Scalability
ITC’s "low-CAPEX, high-throughput" philosophy focuses on an automated, ambient-air Sheet-to-Sheet (S2S) pilot line.
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Cost Leadership: By eliminating expensive vacuum-based processes and utilizing low-cost electrodes and junction circuits, we target a production cost of <$0.10/Wp, significantly undercutting current Silicon-based solutions.
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Environmental Sustainability: Our "Safe-by-Design" approach includes lead-sequestration and a recycling protocol achieving a >95% material recovery rate.
Market Entry: We are targeting high-growth sectors, including Vehicle-Integrated PV (VIPV), Maritime-Integrated PV (MIPV) and Utility-scale solar fields via 4-terminal (4T) tandem retrofitting with integration of single-junction semi-transparent panels to provide lightweight, efficient, and durable energy solutions for the wide industrial applications.