Oxford PV
Oxford PV develops and manufactures perovskite-on-silicon tandem solar cells, serving utility-scale solar, C&I/residential buildings, aerospace, and EV markets via direct module sales and a non-exclusive patent licensing model targeting tier-1 solar manufacturers.
- Company typePrivate
- Founded2010
- HeadquartersOxford, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Oxford PV does
Oxford PV is a UK-headquartered perovskite photovoltaic company founded in 2010 as a spin-out from the University of Oxford, focused on developing and manufacturing perovskite-on-silicon tandem solar cells. The core technology stacks a thin perovskite-based cell on top of a conventional silicon cell so that the two materials absorb different parts of the solar spectrum — perovskite capturing higher-energy blue light and silicon capturing lower-energy red light — enabling module efficiencies that exceed the limits of silicon-only panels. Oxford PV manufactures in Brandenburg an der Havel, Germany, where its pilot line is ISO 9001/14001/50001 certified and currently sized at 20MW for specialty products.
The company's commercial portfolio spans two tracks. The Mainstream line targets utility-scale solar farms, commercial and industrial buildings, and residential rooftops with tandem modules currently at 25% efficiency and a roadmap to 27% by 2027, 30% by 2030, and 35% by 2035. The Specialty line — branded as Pegasus Space, Pegasus Air, and Pegasus Move, powered by HyPERcell™ cells at 28% efficiency — addresses satellites, high-altitude platform systems (HAPS), and electric vehicles. Oxford PV monetizes through a dual model: direct module sales from its Brandenburg facility and non-exclusive patent licensing of its 400+ granted patents to tier-1 c-Si manufacturers, including First Solar (US market) and Trina Solar. The firm is led by CEO David Ward, with Prof. Henry Snaith as co-founder and Chief Scientific Advisor, and is backed by Equinor Ventures, Legal & General, Goldwind, and Sloane Robinson.
Oxford PV firmographics
Firmographics- Name
- Oxford PV
- Legal name
- Oxford Photovoltaics Limited
- Website
- https://oxfordpv.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Oxford PV develops and manufactures perovskite-on-silicon tandem solar cells, serving utility-scale solar, C&I/residential buildings, aerospace, and EV markets via direct module sales and a non-exclusive patent licensing model targeting tier-1 solar manufacturers.
- Ownership category
- akta.pro rank
Oxford PV industry classification
Industry- Product category
- Photovoltaic Cells and Modules
- NAICS
- Electric Lamp Bulb and Other Lighting Equipment Manufacturing (335139)
- SIC
- Motors & Generators (3621)
- akta.pro primary industry
- Next-Gen Photovoltaics R&D (Perovskite, Tandem, Organic, BIPV Materials) (EUAMAOAA)
- akta.pro secondary industries
- Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD), Space Power Systems (Solar Arrays, Batteries, EPS) (IMABACAH)
Keywords
Where Oxford PV is headquartered
LocationHeadquarters
- HQ city
- Oxford
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Oxford PV business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Operations, Personnel, Supply Chain, Infrastructure
Revenue model
- Solar Module Sales: Oxford PV manufactures and sells perovskite-on-silicon tandem solar modules directly to customers. The company achieved the world's first commercial delivery of tandem solar modules, shipping pilot volumes to early customers in the US from late 2024.
- Patent Licensing: Oxford PV licenses its perovskite technology patents to other solar manufacturers. Non-exclusive licensing agreements with First Solar (US market) and Trina Solar enable broader market adoption while generating licensing revenue.
- Technology Licensing and IP Access: The company operates a business model combining in-house manufacturing with strategic licensing agreements, positioning perovskite PV as a terawatt market opportunity.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Oxford PV product offering
Product offeringCore offering
Oxford PV designs, manufactures and sells perovskite-on-silicon tandem solar cells and modules, and licenses its perovskite PV patent portfolio. Its Mainstream modules deliver at least 20% more power than conventional silicon panels, while Specialty HyPERcell™-based products serve satellites, HAPS and electric vehicles. The company operates a 20MW Brandenburg production line and licenses its 400+ patent portfolio to leading solar manufacturers.
Product overview
Oxford PV offers a portfolio of perovskite-silicon tandem solar products and licensing services. The Mainstream product line serves utility-scale solar farms, commercial buildings, and residential rooftops with 25% efficiency modules (roadmap to 30% by 2030). The Specialty product line includes Pegasus Space (satellites), Pegasus Air (HAPS), and Pegasus Move (EVs), powered by HyPERcell™ tandem cells achieving 28% efficiency. The company also licenses its 400+ patent perovskite portfolio to other manufacturers. Recent launches include a 25.6% efficiency module with Matrix Shingle technology (June 2026), 26.9% efficiency residential module (June 2024), and the world's first commercial delivery of tandem modules (September 2024). Oxford PV was founded in 2010 as a spin-out from Oxford University.
Differentiator
Problem solved
Functional benefit
Brands
- Pegasus Space: Leading tandem solar product for satellites.
- Pegasus Air
- Pegasus Move
- HyPERcell
Products and services
- Perovskite-Silicon Tandem Solar Modules (Mainstream) High-efficiency solar modules combining perovskite and silicon cell technology, delivering at least 20% more power than conventional panels. Currently achieving 25% module efficiency with roadmap to 27% by 2027 and 30% by 2030. Targets utility-scale solar farms, commercial buildings, and residential rooftops.
- Pegasus Space Leading tandem solar product designed for satellite applications, offering optimal power-to-area and power-to-weight ratios for space-based solar energy generation. Powered by HyPERcell™ tandem cells achieving 28% efficiency.
- Pegasus Air Tandem solar solution for High Altitude Platform Systems (HAPS), enabling connectivity and communication for remote regions with maximum power output per weight. Powered by HyPERcell™ tandem cells.
- Pegasus Move Tandem solar product line for electric vehicles, enabling longer range and reduced emissions by providing higher power output per surface area compared to conventional solar. Powered by HyPERcell™ tandem cells.
- HyPERcell™ Specialty Solar Cells Oxford PV's proprietary perovskite-silicon tandem solar cell brand used across specialty applications including satellites, HAPS, and electric vehicles. Achieves 28% cell efficiency with power-to-weight ratio exceeding 1.2 W/g.
- Perovskite PV Patent Licensing Program Licensing program offering access to Oxford PV's comprehensive perovskite patent portfolio covering materials, manufacturing processes, cell architectures, and products. Includes 400+ granted patents and 45+ key patents for perovskite PV commercialization. Non-exclusive agreements signed with First Solar (US market) and Trina Solar.
- Matrix Shingle Tandem Modules Perovskite-silicon tandem modules using Fraunhofer ISE's Matrix Shingle interconnection technology. Glass-glass construction with edge sealing. 491W rooftop module (1.92 m²) and 546W bifacial module (2.13 m²) both achieving 25.6% efficiency. Uses lead-free conductive adhesives with improved partial shading tolerance.
- 26.9% Efficiency Residential Solar Module 60-cell residential perovskite-silicon tandem module achieving 26.9% efficiency, with a double-glass construction weighing less than 25 kg on just over 1.6 m². Ideal for rooftop and balcony applications, certified by Fraunhofer CalLab.
Quantifiable outcome
- 20% more clean energy generation compared to conventional silicon panels without additional land requirements
- +4 more outcomes
Companies that use Oxford PV
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Oxford PV technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Oxford PV partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Fraunhofer ISEcoreCollaboration combining Oxford PV's perovskite-silicon tandem cells with Fraunhofer ISE's Matrix Shingle interconnection technology. Produced photovoltaic modules achieving 25.6% efficiency across full surface area. Developed a 491W rooftop module (1.92 m²) and 546W bifacial module (2.13 m²). The HoTSun research project, funded by Germany's Federal Ministry for Economic Affairs and Energy, supported this development.
- APC (Advanced Propulsion Centre)minorOxford PV joined APC-backed SUITE project (funded by UK Government) to develop EV-integrated solar technologies including vehicle-integrated solar panels, intelligent charging management systems, and bidirectional Vehicle-to-Grid charging.
- Nissan Technical Centre EuropeminorLead partner in £10 million UK Government-backed Project SUITE, which aims to develop smart EV charging technologies including vehicle-integrated solar panels. Oxford PV contributes perovskite expertise for solar-powered EVs.
- First SolarcoreNon-exclusive patent licensing agreement granting First Solar access to Oxford PV's existing and pending perovskite-related patents for development and potential commercialization in US utility-scale, commercial and industrial, and residential markets. Excludes crystalline silicon semiconductors. First Solar operates a perovskite development line in Ohio and is building a sixth US factory in South Carolina.
- Solar Interfaces GmbHminorAcquired by Oxford PV in December 2025 as part of strategy to advance next-generation solar cell capabilities and strengthen technology portfolio.
- Trina SolarcorePatent licensing agreement for perovskite PV patents announced in April 2025, expanding Oxford PV's licensing partnerships to include one of China's leading solar manufacturers.
- Ultra Low-Carbon Solar Alliance (ULCSA)minorOxford PV joined ULCSA to build understanding of product design requirements and standards, particularly for the US market. Alliance promotes low-carbon solar manufacturing and sustainable supply chains.
Scale indicators8 records
Recent moves11 records
Expansion highlights6 records
Oxford PV competitors and assessment
Company assessmentBroad incumbents
- First Solar: Leading US thin-film (CdTe) solar manufacturer and Oxford PV's non-exclusive licensee for US utility, C&I, and residential markets. Operates a perovskite development line in Ohio and is building a sixth US factory — both a partner and a competing developer of tandem technology.
- Trinasolar: One of the world's largest solar module manufacturers and Oxford PV's patent licensee since April 2025. Trina is also pursuing its own perovskite tandem roadmap, making it both customer and competitor in tandem modules.
- LONGi Green Energy: World's largest silicon wafer and module producer with active perovskite-silicon tandem R&D programs. Represents the dominant silicon incumbent that Oxford PV's tandem technology ultimately targets and competes with.
- Hanwha Qcells: Major global solar module manufacturer pursuing tandem and next-gen cell roadmaps. Comparable as a downstream customer/competitor that could license or internally develop tandem technology.
- JinkoSolar: One of the largest global solar module suppliers with active perovskite tandem R&D and TOPCon-based products. Represents another potential licensee or internal tandem competitor to Oxford PV.
Direct peers
- Swift Solar: US-based perovskite tandem solar startup developing lightweight, high-efficiency perovskite-on-silicon cells for aerospace and terrestrial markets. Closest direct peer to Oxford PV in perovskite tandem cell architecture and target segments.
- Saule Technologies: Polish perovskite solar cell company specializing in inkjet-printed flexible perovskite cells for BIPV and IoT applications. Competes with Oxford PV in the broader perovskite commercialization race.
- C3S Solar: Australia-based perovskite-silicon tandem solar cell developer with manufacturing focus. Direct competitor in perovskite tandem architecture and a relevant peer for Oxford PV's commercialization trajectory.
- Microquanta Semiconductor: Chinese perovskite solar cell developer that operates one of the first commercial-scale perovskite production lines. Directly comparable to Oxford PV as a perovskite manufacturer moving from R&D to commercial shipments.
Emerging players
- Caelux: Perovskite tandem technology company acquired by First Solar to accelerate CdTe-perovskite tandem development. Closely comparable to Oxford PV in tandem cell focus, but now embedded within a large thin-film incumbent.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Oxford PV social profiles
Digital presenceOxford PV compliance and trust
Trust signalCompliance3 records
Oxford PV financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oxford PV leadership team
Management profileNumber of profiles
Profiles12 records
Oxford PV subsidiaries and ownership
Company hierarchySubsidiaries1 record
Oxford PV funding detail
Funding detailFunding overview
Funding rounds10 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oxford PV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Oxford PV
What does Oxford PV do?
Oxford PV designs, manufactures and sells perovskite-on-silicon tandem solar cells and modules, and licenses its perovskite PV patent portfolio. Its Mainstream modules deliver at least 20% more power than conventional silicon panels, while Specialty HyPERcell™-based products serve satellites, HAPS and electric vehicles. The company operates a 20MW Brandenburg production line and licenses its 400+ patent portfolio to leading solar manufacturers.
Is Oxford PV a public or private company?
Oxford PV is a private company. It is classified as venture growth investor backed and is currently operating.
When was Oxford PV founded?
Oxford PV was founded in 2010. It employs 101 to 250 people.
Where is Oxford PV based?
Oxford PV is headquartered in Oxford, United Kingdom, in the Europe region.
How does Oxford PV make money?
Three revenue lines are on record. Solar Module Sales are the primary driver. The others are patent Licensing and technology Licensing and IP Access.
Who are Oxford PV's main competitors?
Broad incumbents on record are First Solar, Trinasolar, LONGi Green Energy, Hanwha Qcells and JinkoSolar. Direct peers are Swift Solar, Saule Technologies, C3S Solar and Microquanta Semiconductor. Caelux is listed as an emerging player.
Does Oxford PV have an API?
No public API is recorded for Oxford PV.
What industry is Oxford PV in?
Oxford PV's product category is Photovoltaic Cells and Modules. Its primary akta.pro industry code is EUAMAOAA, Next-Gen Photovoltaics R&D (Perovskite, Tandem, Organic, BIPV Materials), with a secondary code of EUAMABAD, Solar PV Module Manufacturing (Cells, Modules, Thin-Film). Its NAICS code is 335139 and its SIC code is 3621.